AMT’s Tech Guidelines & Best Practices Initiative
We are pleased to introduce Tech Guidelines I, II and III to pave the way for the asset management industry to assess the feasibility of possibly issuing Proposed Tech Best Practices. This Initiative seems worthwhile at this time in light of a new technologies movement in the overall financial services industry that is partially driven by the emergence of Blockchain and Artificial Intelligence. Also, regulatory authorities are interested in the effects of such technologies on rules that apply to banks and broker-dealers and investment managers. Asset Managers Tech (AMT) is an independent not for profit trade group. Please click on our Website for additional information about AMT www.assetmanagers.tech.
Tech Guidelines I, II and III – We cordially invite interested parties to share their views regarding these Proposed Guidelines:
I) ALWAYS REMAIN OPEN-MINDED REGARDING TECHNOLOGY. In advance of the 2020’s, the asset management industry should remain open-minded concerning new technologies, including blockchain and AI. No one in financial services has all the answers concerning the most effective uses of these technologies at this moment. We strongly encourage our members and subscribers to engage in dialogue concerning today’s tech, as often as possible, with colleagues and mentors/mentees and your own senior managers. AMT offers similar cross firm discussion sessions. Feel free to inquire about this service with any of our representatives.
II) DO NOT WAIT FOR “BLOCKCHAIN PERFECTION” TO GET INVOLVED. Today’s tech is mercurial. The asset management industry currently has the opportunity to be involved in it at the ground floor level. Get on board now and make progress on behalf of your firm’s ultimate investors one step at a time!
III) TODAY’S TECH MOVEMENT IS A QUALITY DERBY, YOUR FIRM NEEDS TO DO THE GRUNT WORK TO GET AHEAD OF THE CURVE. The best thing about analyzing the feasibility of the new technologies is that folks are establishing their own “framework” for deciding if Blockchain or AI will work in their business. In other words, like any other competitive situation involving investment management, you have to tailor the new tech resources to the culture and nuances of your firm. So while the tech may be new or more advanced, its implementation process is intrinsically business as usual!