Back offices need focus

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NORDICS - The asset management industry has to face up to back and middle office challenges brought by the rise in the volume and complexity of transactions, according to new research by BNY Mellon Asset Servicing.

BNY Mellon and McKinsey & Company surveyed middle and back office processes in 25 financial institutions across the Nordic region, with aggregate assets of €560bn (US$863bn). The study found th...

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