Data integrity is the No. 1 concern for the 86% of the 130 C-suite fund executives from North America and Europe that Confluence surveyed, and 89% said consolidating fund administration data into a common database is critical.
“As investors call for increased transparency and regulators step up reporting requirements, fund companies face greater pressure to make more information available more frequently,” said Kirk Botula, executive vice president and chief operating officer of Confluence, which provides data automation software and services.
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