STOREBRAND ASSET MANAGEMENT will typically manage their portfolios . It handles all the day-to-day transactions , the accounting , the broker records , the reconciliation where we get data for reporting , performance , risk and more . We use it every single day , and it ' s a very important system for us .”
Meanwhile , BMC has been instrumental on the scheduling side of things . Moen describes it as an orchestrator tool for all asset management tasks and procedures . “ We receive and send a lot of data every single day . We ' ve built this around the Control M solution , which helps us pull in data from a lot of different vendors . Then we do all our calculations and massaging of the data , and then we send data back out to different sources and to different systems .”
Finally , during the digital transformation process , SAM partnered with Microsoft Azure , which provides the company with its cloud solution . “ We also use their reporting tools , such as Power BI , along with data tools that they have .”
“Environmental and social governance is a good example when it comes to looking at disruptive trends , because people want better transparency and authenticity ”
Asset management and fintech Moen is clearly proud of SAM ’ s progress , attributing the successes to a team that consistently embraces the latest innovations and isn ’ t afraid to change the way they do things . This , he says , hasn ' t always been a common attitude within the investment industry – which is why it ' s a sector that is seen as lagging behind other fintech sectors . Nevertheless , the future is , he says , looking bright , with an increasing number of innovative disruptors influencing change in the space .
“ There have been other industries that have been frontrunners in terms of technology and fintech . But , I think we now see a shift where there are a lot more players in the market . There are also far more companies providing specialised tools , services and setups that help the investment community and the investment management industry to take the next step in terms of digital advancement .”
He adds that one of the most exciting things about advances in technology is that the process of digital transformation will never be complete , because there will always be newer and better ways of doing things emerging .
“ I don ' t think we ' re going to get to a point where we ' re done . I think there ' s always something new , so we will keep up the pace and hopefully end up in a place where we have even better scalable processes , as well as end-to-end digital processes . Our main goal is to give our clients or any interested parties the insight into our data and our analytics , so we can communicate with people using technology and using data sets in a much more efficient way .”