The part of the financial services industry most vulnerable to digital disruption are fund managers, according to research by State Street Global Research; the research claims that 82% of fund managers in the Asia Pacific region say they will face competition from non-traditional market entrants. In a recent report titled “Digital Disruption: A New Era for Financial Services,” State Street said it expects traditional investors and institutional clients alike to be disrupted as technology disrupts their business models.
The part of the financial services industry most vulnerable to digital disruption are fund managers, according to research by State Street Global Research; the research claims that 82% of fund managers in the Asia Pacific region say they will face competition from non-traditional market entrants. These new entrants to the market are said to mainly consist of technology firms, and robo-advice services in particular..