Summary
Institutional asset managers are accumulating hidden financial, operational, and compliance risks by delaying data modernization. Fragmented legacy systems undermine risk visibility, distort performance, and limit scalability across asset classes. As data complexity accelerates, modernization is no longer optional. It is essential to reduce risk, enable growth, and unlock investment performance.
Ankit Jain
Ankit has 14 years of experience building technology-driven products for the investment management industry, focusing on turning complex operational challenges into scalable, user-centric solutions. His work intersects across product management and solutions architecture, where he combines strategic thinking with hands-on execution. Ankit has led the end-to-end development of platforms supporting the full investment lifecycle, from trade processing to reporting and analytics. He partners with stakeholders across business and technology teams to define product vision, prioritize roadmaps, and deliver robust and adaptable solutions.
Sources:
[i] BetaNXT, 2025. https://wmiq.wealthmanagement.com/wp-content/uploads/2025/05/WMIQ-25-BetaNXT-research-paper-FINAL.pdf
[ii] McKinsey, October 6, 2020. https://www.mckinsey.com/capabilities/tech-and-ai/our-insights/tech-debt-reclaiming-tech-equity
[iii] McKinsey, September 18,2025. https://www.mckinsey.com/industries/financial-services/our-insights/asset-management-2025-the-great-convergence
[iv] Citisoft, December 2, 2025. http://citisoft.com/insights/blog/trillion-dollar-asset-management-legacy-tech
[v] State Street, February 2026. https://www.statestreet.com/us/en/insights/data-driven-success-investment-management
[vi] WEF, January 19, 2026. https://www.weforum.org/stories/2026/01/why-data-readiness-is-now-a-strategic-imperative-for-businesses/
[vii] Citisoft, December 2, 2025. https://www.citisoft.com/insights/blog/trillion-dollar-asset-management-legacy-tech
[viii] Alternative Credit Investor, April 30, 2025. https://alternativecreditinvestor.com/2025/04/30/almost-half-of-lps-dissatisfied-with-current-performance-reporting/