Digital divide and data costs reveal industry concerns: FundsTech Forum survey

About 75% of participants attending the FundsTech Forum held in London today agreed that market data costs are excessive, highlighting a significant concern within the industry.

Meanwhile, another survey revealed contrasting views on digital disruption. While 52% of attendees “strongly agree” that digital disruption is impacting the industry, 43% said they “feel little” if any digital disruption is impacting the industry.

According to the survey findings, while many acknowledge the importance of digital changes, there’s a significant portion that remains skeptical or unphased by its implications.

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This divide reflects the ongoing debate about the pace and extent of digital transformation within the funds sector. Alarmingly, only a mere 4% believe that the industry has successfully adapted to the external threats posed by digital disruption.

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The FundsTech forum series convenes funds professionals to delve into the latest developments in regulation, technology, and their implications for fund management and administration, with industry leaders gathering to discuss challenges, opportunities, and share insights on navigating the evolving landscape.

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