Stage Set For Electronic Funds Distribution

Funds Distribution – Thanks to regulatory reform and customer experience driving the rise of machines, the stage is set for more distribution to move toward electronic platforms and away from face-to-face intermediation, notes EY. Tracing the use of electronic platforms in financial services industry, EY in its October 2015 report on global funds distribution, points out that the global wealth and asset management industry has arguably been the slowest financial sector to fully leverage the power of technology. Asset management industry- slow to embrace electronic distribution Tracing the success stories of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and NASDAQ,…