A huge wave of technology disruption is heading toward the asset
servicing industry. Within a five-year timeframe, robotic process
automation (RPA), blockchain, and cognitive systems will have a
dramatic change and a profound, lasting impact on service
These disruptive technologies combined offer enormous potential
for asset servicers to create efficiency, reduce risk, and improve
the quality of service to clients. Here we describe where these
impacts will be felt most, and outline actions that asset servicers
can take to ensure they can ride the wave of technology disruption
without being consumed under it.
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means of this article rendering accounting, business, financial,
investment or other professional advice or services. This article
is not a substitute for such professional advice or services, nor
should it be used as a basis for any decision or action that may
affect the reader's finances or business. Before making any
decision or taking any action that may affect the reader's
finances or business, the reader should consult a qualified
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Over the last 40 years, the Cayman Islands has matured into one of the world's most sophisticated and successful international financial centres, providing a competitive, effective, transparent, cost-efficient and tax-neutral platform for international capital flows underpinned by an environment of legal, political and economic stability.
In the context of the Private Member's Motion, Cayman Finance strongly urges the movers of the motion and the other members of the House to remain focused on the need to protect the Cayman Islands Financial Services Industry, which is directly responsible for more than half of the Islands' economy, more than half of the government's revenue and employs more Caymanians than any other industry.
As the UCITS acronym suggests, its original focus was on investment in "transferable securities" although UCITS do offer far wider investment possibilities, as explained below.
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