Citisoft UK's David Higgins was recently featured in Wealth Adviser to discuss how asset managers can pursue operational cost efficiencies.
"The increased demand for automation and the evolution of technology, alongside the challenges thrust upon everyone by the pandemic, has put plenty of businesses at an important inflection point."
David says that while many firms successfully pivoted to focus on core business following the 2008 crisis, in recent years these same firms have again increased their bottom lines. Following COVID-19 impacts, it's time for businesses to return to core products and begin realizing "operational dividends," or returns generated from internal operations.
For more insight on how asset managers can cut costs and examples of how firms are implementing these ideas in their businesses now, read the full article here.
