Automation New

Asia Report

Due to low labor costs and a lack of emphasis of risk management, the back offices of Asia's banks and brokerages have stayed staffed with full-time employees-high on man hours and low on automation. This could soon change, however. As firms re-evaluate their practices and methods in the wake of the financial crisis, awareness of risk management and scrutiny of post-trade operations are on the rise. In short, back-office automation is now on the radar.

According to Phillip King, director of

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