VIDEO | Norway-based fund leader Storebrand Asset Management’s COO Arne Martin Moen was the first keynote speaker to go on stage with the two-day PostTrade 360° Stockholm conference on Wednesday morning. Drawing the lines to connect the current bulletpoints on his own 2023 agenda, with some of the general trends out there in the investment-operations universe, he was able to spot interesting patterns.
A move to cloud architecture for the whole system in 2021, are among the recent experiences at Storebrand. This reflected in a strong focus on the system setup and digital trends, as Arne Martin Moen shared his overview of current trends in the fund-operations landscape – as viewed from his own workfloor.
“Don’t do this if your only aim is to be cost efficient,” he adviced, pointing rather to how the cloud setup lets you be much more flexible and get better control over your costs, while getting access to better capabilities for innovation, with partners such as Microsoft, Google, or Amazon.
“Yes, it is in the cloud, but we trust them to do what they are best at – which is security.”
A fully cloud-based connection with Swift, no longer involving VPN connections or other complexities, was pioneered by Storebrand just the other week.
Indicators for sustainability now in place
The rapid development around regulations and classifications in the sustainability area is another trend heavily affecting fund operators these days.
“Last week we released a whole set of ESG KPIs, to the business,” says Arne Martin Moen. “It lets our business be self-sufficient, and we can offer it to clients.”
Robotic process automation stays on the map as a great set of tools, despite it getting a bit in the shadow of the emerging artificial intelligence:
“The future is here right now. It has been going on for longer time, but It is now with ChatGPT that we see what can be done.”
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