8MAY 2024OPINIONIN MYTECHNOLOGY AS A NEW FRONTIER FOR THE FINANCIAL INDUSTRYBy Guillaume Lesage, Deputy Managing Director, AmundiInvestors and asset managers are facing major challenges in transforming their business models. These challenges include increasing pressure on margins, increasing regulation and growing demand for innovative technology and digital solutions across the investment lifecycle. This is why technology is the latest battleground in our industry today," says Guillaume Lesage, Group Chief Operating Officer at Amundi, Europe's largest asset manager. The future in asset management indeed looks bright as the same technological forces that are being so disruptive, present an equal number of opportunities for those who are prepared to embrace change.While many could blame technology for the disruption to traditional asset and wealth management industry by the emergence of new digitally savvy boutiques, technology is in fact, part of the solution. It is thanks to digitization that players will manage to solve some of these issues and keep up with the latest digital trends that have so deeply transformed the asset managementindustry over the last decade. And today, we are no longer talking about a rapidly changing environment in which financial institutions evolve, but rather a full paradigm shift, which opens up a whole series of opportunities for those who move swiftly and decisively. As it became apparent during the COVID 19 crisis, companies will need an efficient technology infrastructure that first proves to be scalable, secure, and cost efficient and also to have the agility and capability to quickly bring solutions that add value to users.The French asset manager launched its technology platform, Amundi Technology, in 2021 to provide cloud-based software and solutions for asset managers, wholesale distributors and clients in the savings industry. Guillaume Lesage
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