Why automated reconciliations are crucial for wealth managers

clock • 4 min read

According to a recent survey carried out by AutoRek, a perfect winter storm of factors - including skills shortfalls, outdated manual processing systems, increasingly complex trades, and new regulations - has resulted in setbacks for asset and wealth managers, with reconciliations representing the biggest challenge, says Murray Campbell, consultant at AutoRek. And this isn't the only problem firms in the industry are facing: more support with factors such as operational resilience and the prudential regulation are in dire need.  It's a big mountain to climb - but there is an answer. I...

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