As the financial services industry as a whole is challenged to evolve services based on digital demands, there is an opportunity for fund administrators to transform into trusted business partners of their asset manager clients, argues global financial technology services provider FIS.

But fund administrators will need to contend with technological change, increased client demands and new competition, according to a recent survey of management executives across the globe commissioned by the firm. Among the survey's key findings: 89% of fund administrators anticipate having to make investments in new systems and technologies before 2020, and 82% of fund administrators believe competition from another sector is somewhat or highly likely by 2020. However, 39% believe fees will come down, while 42% expect an increase.

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