68% of Asia fund managers remain unautomated in the funds industry

notes, computer, notebook-4653224.jpg

Calastone, the largest global funds network, has released its Global Funds Automation Report – “Global fund automation caught between future and past”, revealing that manual processes and antiquated technology remain the backbone of many asset managers’ operations, despite the industry’s desire to transform.

Fund managers and asset servicers have been looking to technology for decades to help grow their businesses and margins, and improve the overall experience for end-investors. The research surveyed nearly 600 respondents globally across the fund management industry to identify the latest trends driving the new era of automation within the sector. This survey examines not just how automated the industry is, but how automated it perceives itself to be, and asks how that differs by country, company and manager type and the driving forces within those groups.

Here are the key takeaways in the APAC markets for your reference:

  1. Organisations based in Singapore, Indonesia and Thailand perceive themselves as ‘mostly’ or ‘fully’ automated. However 68% of organisations are still using fax machines to insource operations and remain unautomated in many areas.
  2. Firms in APAC looking at automating manual tasks are putting more energy into truly transformative technologies such as DLT. Particularly in Singapore, there is a lot of DLT-related activity and a rapidly growing tokenisation market, further boosted by advances in AI and ML.
  3. Geographical expansion is recognised as a main driver by organisations listed in Singapore (52%), followed by Thailand (38%), where more automation will be needed to facilitate that cross-border flow and to provide the kind of processing efficiency that global players will expect.
  4. The top three main drivers of automation in Asia are client service (67%), revenue expansion (59%) and fund distribution (55%).
  5. To automate operations, emerging markets such as Thailand, Singapore and Malaysia are prioritising ‘the basics’ such as orders and settlements; while established markets such as UK and Europe, meanwhile, which have already done that legwork, are looking at account opening.

The full report can be found here.

Shopping Cart

Media Kit

    Data Protection

    The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

    The Digital Banker Summit

    Moving on from FTX: is 2023 the year of CBDCs?

    Indonesia, Jakarta

    Thailand, Bangkok

    Philippines, Manila

    Contact Us

      Data Protection

      The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

      Request Nomination Pack

        Data Protection

        The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

        Registration Form

          Data Protection

          The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

          Registration Form

            Data Protection

            The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

            Registration Form

              Data Protection

              The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

              Registration Form

                Data Protection

                The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                Registration Form

                  Data Protection

                  The information you provide will be held on our database and may be used to keep you informed of our and our associate companies’ products and for selected third party mailings. Please tick the box if you would prefer not to be contacted for these purposes:

                  The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

                  COVID-19
                  Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

                  Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

                  The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. 

                  Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.

                  Request Nomination Pack

                  Error: Contact form not found.