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Just like the banking industry, asset managers and wealth managers are facing fierce competition, regulatory challenges and a need to control cost. Companies that have built over the years large institutional frameworks are finding it difficult to adapt to the ever shifting investors needs. Smaller companies who rely on processes that are sometimes disconnected and on “off-the-shelves” products, are finding equally difficult to adapt their systems in order to meet at a reasonable cost the robustness required by clients and regulators.

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