Why Compliance Automation is a Priority for Wealth Management: 5 Good Reasons
November 1, 2021 | SS&C
As the world of data continues to expand exponentially, so do the challenges around compliance. Playing catchup isn’t a linear pursuit. Every day you lag behind costs you more than a day to make up.
Our short whitepaper explores five trends fueling the urgency for compliance automation in the wealth management industry:
1. Normalization of remote work.
2. Increasing financial regulation.
3. Growing intensity of regulatory enforcement.
4. Continued consolidation of wealth management firms.
5. Rising costs of weak compliance practices.
