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 27%