Digital Transformation in Financial Services

Miami Hedge Fund Week was truly eye-opening, demonstrating both the atmosphere and assemblage of industry participants that has transformed Florida into a growing financial services and technology hub. There were also some thematic takeaways from this year’s edition that go beyond the state of play in Wall Street South.

This fireside chat with Fintova Managing Principal, Gary Maier, is moderated by Tokenwise co-founder, Jeannette Spaulding, and is part of the Digital Asset Leader series. The live session was conducted on Feb 21, 2024. Gary discusses the early days of Blackrock and the origin of Aladdin; the impact of AI and blockchain on the investment management industry; delivering strategic value amidst budget constraints; and other topics.

There were already substantial industry changes driving broader adoption of digital in asset management, and COVID-19 may have just accelerated that.

Ultimately, it is personal relationships that are the most valuable assets.

A range of catalysts are forcing investment managers to transform themselves…but will they?

Diversity is a strength, but one that must be proactively engaged and managed.

There will be lasting changes to both the workplace and workforce, even after the COVID-19 threat abates.

Balancing innovation with responsibility ensures that AI technologies will ultimately maximize the benefits to humanity while minimizing potential risks and challenges. As we navigate this transformative era, a collaborative and ethical approach will therefore be key to shaping the future of artificial intelligence for the betterment of all.

What does it take to drive a successful digital transformation?

Only a few weeks into the new year, there are a wave of planned, if not already executed mass layoffs across the industry. Navigating these actions is difficult, but it’s a mistake to forego the exact kinds of strategic and sustainable changes that can ultimately help to reduce these cyclical budget and staffing challenges.

When properly applied, the benefits of public cloud adoption far outweigh any liabilities.

A successful digital strategy requires a multi-disciplinary approach that engages business stakeholders, IT and customers, alike.

As financial services firms consider their positioning and investment in AI, it’s critical to first address any nagging data gaps.

Leadership, talent, agility and a willingness to fail are all critical ingredients…

Multi-manager investment firms find themselves at a critical juncture, balancing a delicate dance between diversification and economies of scale.