New Report from Eagle Investment Systems Examines the Importance of Agility in Meeting Strategic Business Challenges

27 October, 2017

BOSTON  October 27, 2017 – Eagle Investment Systems LLC, a BNY Mellon company and leading provider of financial services technology, published new research exploring the extent to which investment managers can meet their current business needs with existing technology infrastructure and the adoption rate of cloud-based services and APIs to support investment processes. The research, highlighting the effect of aging legacy systems, demonstrated the pronounced need for agile systems in meeting the strategic challenges financial services firms face in today’s fast-paced and evolving environment.

Eagle’s “Age of Agile Solutions” white paper included a survey of senior-level professionals from global banks, asset managers, hedge funds and insurance companies. The findings revealed that, while well over half (61 percent) of respondents stated their organization utilizes some cloud solutions and APIs, only 11 percent described their technology as agile and ready for cloud-enabled transformation.

Other notable findings from the survey include:

  • More than nine out of every 10 respondents recognized the importance of delivering solutions quickly to meet new business needs, yet fewer than eight percent felt their organizations were prepared to do so.
  • Fifty-one percent of individuals surveyed said their organization relies on seven or more systems to meet their investment process.
  • To fuel growth in today’s challenging market, 60 percent of organizations are looking to improve operational efficiency, while 45 percent responded that they are expanding product offerings or focusing on core competencies.
  • Sixty-two percent of those surveyed described their ability to introduce new solutions to meet evolving business strategies as “fair”, “poor” or “very poor”.


The report concluded that investing in a robust data management framework and embracing new technologies and service models will help to enable organizations to be quick and agile in responding to changing business demands. Eagle’s Data Management solution along with Managed Services can help firms establish a foundation where legacy systems can be replaced, and preferred systems can be introduced quickly, to meet the high expectations from the revenue-generating side of the business.

The full white paper can be found here.

 

Eagle Investment Systems

Eagle is committed to helping financial institutions worldwide grow assets efficiently with its award-winning portfolio management suite of data management, investment accounting and performance measurement solutions that are delivered over its secure private cloud, Eagle ACCESSSM. Eagle deploys trusted solutions and services that create operational efficiencies and help reduce complexity and risk. Eagle Investment Systems LLC is a subsidiary of BNY Mellon. Additional information is available at http://www.eagleinvsys.com or follow us on Twitter @Eagleinvsys.

BNY Mellon

BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle. Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment management and investment services in 35 countries and more than 100 markets. As of Sept. 30, 2017, BNY Mellon had $32.2 trillion in assets under custody and/or administration, and $1.8 trillion in assets under management. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Contact:
Jeremy Skaling
Eagle Investment Systems
781.943.2318
jskaling@eagleinvsys.com

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Eagle Investment Systems LLC is a leading global provider of financial technology solutions.Eagle's data management, investment accounting and performance measurement solutions integrate and streamline the investment process in support of achieving improved business efficiencies at a lower cost of ownership.