Boosting Cyber Security Through Asset Servicing Solutions

With the rise of asset servicing solutions providers that handle everything from fund administration and middle and back-office operations in addition to the continued evolution of investment technologies, the asset management industry has more tools at its disposal than ever. These positive developments, though, can herald the arrival of negative ones, such as investment outfits’ increased vulnerability to cyberattacks

Forging firewalls

Clients and their investors now demand continuous online access to their data and reports; Campden Wealth, for instance, notes an increased interest in mobile investment data applications among family offices. As a UBS executive in the report mentions, however, such technology renders them more vulnerable to security breaches.

Asset managers surveyed by the Investment Association reported that due to concerns about online information breaches, they are dedicating significant resources towards boosting the cybersecurity features of their IT infrastructure. The safety of client data is paramount in the industry, and expenses related to shoring up the technological firewalls keeping potential hackers out are considered money well spent.

Boosting-Cyber-Security

Solutions that safeguard data

Asset servicing solutions providers are aware of the need to provide top-notch cybersecurity and investment software technology in addition to their extensive suite of fund administration, middle and back-office support, and tax reporting services. The most advanced companies offer a comprehensive package of technology features that enable asset managers to not only access their data and reports anytime and everywhere but to be able to do so as safely as possible.

One example of multi-manager solutions is a cloud-based data core that gives clients and their investors consistent and wide-ranging portfolio reporting, all accessible via a secure Internet connection. Having a single source for all data eliminates errors and simplifies report production and dissemination. The multi-manager platform’s other advantages include analysis capacities, an investor dashboard (giving access to financial statements, capital calls, tax reports, and other investor-specific documents), and complete document management – all very much customizable to the clients’ needs.

The single manager solution proposes a platform that facilitates portfolio management, portfolio aggregation, accounting, reporting, and data warehousing and gives precise, fully integrated reporting spanning many products and markets. It offers multi-currency and multi-asset class capability, transaction and tax lot level data, and data integrity and dependability across all portfolios.

Authorized third parties can access the necessary information, and reports can be wholly tailored according to a manager’s specifications. Finally, global remote connectivity ensures that a manager will always have the required information at hand.

Related Posts

Rena-Monrovia-When-you-Transport-Something-by-Car

Rena Monrovia When you Transport Something by Car

Introduction Transporting items by car is a common practice in today’s fast-paced world. Whether it’s moving belongings to a new home, delivering goods to customers, or simply…

Sustainable Investing Strategy for UK Investors

The Role of Listed Options in a Sustainable Investing Strategy for UK Investors

Sustainable investing has become an increasingly important aspect of investment strategies as investors look to align their investments with their values and beliefs. One key aspect of…

international-payroll-benefit

What Is International Payroll And What Are Its Benefits

Payroll Administration is probably one of the more complex tasks for any business owner. There are taxes to be paid, social insurance to be catered for and…

Building-an-App-like-Clubhouse

Building an App like Clubhouse

It took just a few weeks for Clubhouse to become the most downloaded app in the App Store. Its popularity surpassed even TikTok. The peculiarity of the…

Professional-Trading

How To Change The Bad Habits In The Trading Profession

People are fascinated by the trading profession. Things have escalated to the next level as getting access to the free leverage trading account has been an easy…

IT-Service-Provider

Signs Your Company Needs an IT Service Provider

A lot of businesses today are full of technology. They rely on technology as they keep growing. Technology is good, though; it can have a huge impact…