Four Key Trends Reshaping Wealth & Asset Management Accounting
Moving forward in the new normal in wealth and asset management accounting will be difficult. 2020 is marked by much change and disruption to not only our professional lives but also our personal ones — across all industries and professions throughout the globe.
The COVID-19 virus, suddenly and deeply, has changed everything. Daniel Schulman, President of PayPal, said, “We went from being the Flintstones to the Jetsons in 9 months“… and we couldn’t agree more. In an environment where change is constant – and, at times, quite unpredictable and profound – how do we move forward productively?
Digital used to be about coding and IT; now it’s becoming a people business. As many of us are finding ourselves (quite suddenly) working remotely, the increased dependence on technology has never been more essential and dramatically underscored than it is right now and is likely to be well into the foreseeable future.
Jeff Bezos, CEO of Amazon, stated, “There is no alternative to digital transformation. Visionary companies will carve out new strategic options for themselves – those that don’t adapt will fail. The number of digital options open to businesses is growing exponentially and with no sign of letting up while posing a huge threat to existing competitive positions and is radically shifting companies’ chances of winning the game.”
In this eBook, we cover a few of the key trends we’re seeing evolve in 2020 in financial services… Four Key Trends Reshaping Wealth & Asset Management.
The underlying trait of successful and resilient businesses is they are ready to adapt and change with new productive technology. We hope you find this information useful as we aim to move forward in this new digitally transformed world together.
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