ACCESSWIRE
10 Aug 2022, 05:01 GMT+10
NEW YORK, NY / ACCESSWIRE / August 9, 2022 / AssetTech leader Pepper announced findings from its recent roadshow, indicating that Asset Managers need more timely and actionable insights from their data. The findings have very clear connotations for the $120 trillion Asset and Investment Management industry, with specific focus on the growing Alternatives segment which deals with a variety of asset classes and illiquid investments.
According to one leading Asset Manager, 'we are deluged by data but without the clear context of our industry, regulations, and customer-promise data by itself can be more harmful than helpful.' 'Timely data that we can legitimately act on is crucial, 'he added.
Pepper was built with just this issue in mind. A cloud-native data platform for Asset and Investment Management, Pepper was architected to be 'one source of data truth' for the industry and ensure that data is broken down into actionable kernels. 'Lack of data is not the problem in the industry, too much data is the main bugaboo,' said Pulak Sinha, Founder and CEO of Pepper.
The company recently announced that it has $10 billion AUM on the platform and is growing at a 70% CAGR. 'From deal prospecting and CRM all the way through to analytics,' Pepper aims to serve as a front, medium, and back-office decision-support data platform, all in the cloud, said Jaskaran Singh, Founder and CTO.
Asset Managers self-describe as dependent on legacy systems though they are ready to see innovation take root in the industry. They reveal interest in getting the best of technology but that they need to see quick value and ROI in their tech investments. One player in the Alternatives space said 'without quick ROI, good enough is good enough.'
'We support the ‘AssetTech' category precisely to support this aspect of the industry, 'said Ann Eberle Thomas, Founder and CRO. She added, 'Managing and corralling your data is key and you can be up and running on Pepper in a matter of days.'
As AssetTech grows from an already large $84 billion base, Pepper will continue to expand AUM and team size through 2022 and 2023.
CONTACT
Romi Mahajan|KKM Group|romi@thekkmgroup.com
SOURCE: Pepper
Get a daily dose of Boston Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Boston Star.
More InformationJEDDAH, Saudi Arabia: As part of Riyadh's efforts to further Saudi Arabia's electrification drive, electric vehicle (EV) maker Lucid announced ...
NEW YORK, New York - Stock prices were punctured Friday bringing to an end the 'flash in the pan' rally ...
WASHINGTON D.C. Due to internal brake fluid leaks that can cause an electrical short and could lead to engine fires, ...
WASHINGTON D.C. As part of its efforts to remove goods made by Uyghur forced labor from the U.S. supply chain, ...
LONDON, UK: In August, global production of primary aluminum hit an all-time high, with production running at an annualized rate ...
NEW YORK, New York - Easing pressure on U.S. Treasury yields boost stocks on American markets Thursday. Gains however were ...
LONG ISLAND, New York: On Thursday, a bus carrying members of a high school marching band traveling to a music ...
(Photo credit: Steven Bisig-USA TODAY Sports) J.P. Crawford hit a grand slam and Ty France and Josh Rojas added solo ...
Los Angeles [US], September 30 (ANI): A biopic series on legendary American football quarterback Tom Brady is on the cards. ...
(Photo credit: Denny Medley-USA TODAY Sports) The Kansas City Royals blasted visiting New York Yankees starter Carlos Rodon for eight ...
(Photo credit: THOMAS CORDY/THE PALM BEACH POST / USA TODAY NETWORK) TGL, the virtual golf league backed by Tiger Woods ...
(Photo credit: Tommy Gilligan-USA TODAY Sports) Nick Pivetta threw seven shutout innings with 10 strikeouts and the Boston Red Sox ...