Renewed growth in the asset management business combined with new regulations will give a boost to the fund administration business in 2011, Confluence predicts.

“Fund administrators will be faced with the dual challenge of scaling operations while providing more complex and more frequent reports for regulators,” said Kirk Botula, executive vice president and chief operating officer at Confluence. “Meeting these demands will render brittle, error-prone manual processes obsolete. Technology will become a prerequisite for success.”

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