Tadhg Young, Executive Vice President, Country Head – Ireland, State Street: With intensifying price competition and an increasingly complex regulatory environment, institutional investors are rethinking their operating models to remove complexity from their business and streamline their processes.

Moreover, as markets quickly evolve, delivering real-time data and intelligence to investment managers is paramount for their ability to make informed and data-driven decisions. To stay competitive and successful, asset managers are already looking for complex asset servicing solutions that can give them the advantage of scale by harmonizing data, technology and services across the entire investment lifecycle.

At State Street, we believe that an open-architecture full front-to-back integrated platform for institutional and wealth management firms is the future of asset servicing. Our solution, State Street Alpha, manages the full spectrum of investment servicing operations, streamlining clients’ day-to-day operations across their front, middle and back office.

The platform’s open-architecture design makes it compatible with third-party solutions, allowing clients to combine multiple internal and external data sources, increase data transparency and build open and easily extendable data models. As increasing flexibility and simplicity for clients is a direction most asset servicing companies are moving towards, fit for purpose technological solutions are the inevitable future of the industry.