Automating the European funds industry

ADVERTORIAL

With 625,000 messages and €1.8bn of funds orders flow per month, EMXCo are now turning their attention towards Europe

Demand for wider access to funds at lower cost can only be satisfied through finding a cheaper, more efficient alternative to the costly, inefficient, manual processes involving phone, fax and paper. But in such a diverse, fragmented market with so many players how can automation possibly succeed? The answer, of course lies in standardisation, but only if you accept the fundamental shift from technical standards trying to drive market practice to a standard that is driven by the market practice. A standard means everyone does it the same way - it's about one set of data, keyed once, in...