thewealthnet

UK wealth firms lag on technology investment

Katie Royals, 02/08/2021

Only 11 percent of UK wealth and retirement firms will significantly increase their technology budget in 2021, FIS has claimed.

The global fintech firm’s research found this to be significantly lower than the global average of 28 percent of these firms.

Over a third (35 percent) of UK firms said the top area for technology providers to provide greater value in the next 12 months is supporting a remote and distributed workforce.

That means significant investments...


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