SaaS poses operational and regulatory risks for asset managers

Asset managers seeking to become more efficient by outsourcing to software-as-a-service (SaaS) providers should be mindful of the increased operational risk and regulatory risk exposure they face in doing so, say data management experts.
   
“If you outsource, your operational risk is being removed from you,” said Derek Ramage, head of network management at Fortis Investment, at the 'Technology solutions for asset management' event earlier this month. “How do you control that? Asset managers have