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TrustQuay has today announced the release of its latest Future Focus Report which reveals that only one-third of firms in the corporate, trust and fund services sector have started to digitalise their business models and client engagement.
In a global survey of 120 trust, corporate and fund services providers as well as private banks, the survey found that while nine out of ten firms felt they would become much more digitalised and automated in the next five years, only a third of firms had taken the first step on their digitalisation journey by consolidating data and systems onto a common digital platform. In terms of regulation, three-quarters of firms do not have a single global system for regulatory compliance, even though 86% of those surveyed said that...
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