Expensive and ever-expanding technology budgets do not always translate into strong, innovative investments, so where is the money going? Every year, asset manager’s technology spending increases—but a whopping 80% of their budgets go towards sustaining outdated, legacy systems.
This perpetual cycle known as “tech debt” is all too common, but it is possible to break free. Cutting-edge technology, such as cloud-native SaaS investment management systems, offer permanent solutions for transforming operations now, and for the long term.
Adopting newer technologies can lower the risks associated with change and avoid the long-term, exorbitant costs often associated with maintaining legacy systems. Learn how your business can evolve beyond legacy technology, listen in to the GlobalTrading Podcast, featuring Thomas Kim, CEO of Enfusion and Terry Flanagan, Managing Editor of GlobalTrading below.