The message from the first day of the conference was that “if you don’t embrace technology then your business will fail”, according to Daron Pearce, CEO of Europe, the Middle East and Africa asset servicing at BNY Mellon, in his chairman’s state of industry address.
Pearce said: “Yesterday, I found the panels to be absolutely fascinating, there was talk about technology, quantum computing, and artificial intelligence. I took away some really key messages around the need to embrace that future technology.”
“The message for me was if you don’t embrace technology then your business will fail. Many organisations now are investing in that technology and embracing it to enhance their business models in order to improve investment performance and to create the right investment products for their clients, and to improve their client experience, so those components in using technology are going to enable organisations to win.”
Reflecting on the panels from day one of FundForum, Pearce added: “Another aspect that came through a number of panels in discussions was that some businesses were perhaps not tapping into the right talent, acquiring talent, developing that talent, retaining that talent, and embracing the people who can use those technologies. It can really make a difference in the 21st century.”
“Today will shift and talk about geo-politics and talk about investment strategies”, Pearce said.
