55% of financial institutions to invest in real time risk tech, says Alteri

Key results include:• Over 70% of respondents said their firm has a need to manage risk in real-time• 55% of respondents took initiatives immediately following the financial crisis to better protect themselves from future volatility and unexpected market events• Only 26% of hedge funds feel they have the appropriate technology to manage risk in real-time, versus 50% of banks• Of those that said they had reined in IT spending, banks and hedge funds made the most severe cuts, slashing 20% and