With its rapid spread in the beginning months of 2020, COVID-19 created havoc for businesses around the world. As major economies went into prolonged lockdowns, which restricted the movement of both goods and people, effects were almost immediately felt in global financial markets as investors pulled out their money from equities and commodities. In such a dire scenario, central banks, including the U.S. Federal Reserve, European Central Bank and Bank of Japan, were prompted to make off-cycle rate cuts and infuse liquidity to the tune of $9 trillion in an attempt to avert another financial meltdown like that of 2008. But even with this aid, major economies entered into a recession in the second quarter of 2020, and it now remains to be seen how the broader economy and consumer sentiment will recover.
Active treasury management is essential as fund managers navigate an era of shrinking prime broker balance sheets, multiple counterparties, and rising complexities around financing, cash and collateral management. As the current economic environment continues to evolve, the decentralized workforce has placed further strain on many funds’ ability to track, control and manage their treasury data and functions. For success now and in a post-pandemic world, managers have increased their focus on a digital transformation by leveraging digital-first providers to optimize their treasury workflows. Read More
With an increasing importance placed on data science in the field of decision making, many large technology companies are moving towards automating and training their machines to carry out human tasks. It has become imperative over the years to continue developing new models and frameworks to satisfy the growing needs of the asset management industry.