DST Global Solutions has announced an upgrade to its Anova suite to provide more real-time solutions to asset management clients.

DST Global Solutions, the software and technology firm that caters to the financial services market, has updated its Anova product suite to address the changing needs of asset managers.

The new functionality, called an Investment Book of Record, satisfies the need for buy-side firms to consolidate real-time positions. This means asset managers can have data updated intraday so front offices will have accurate information across regions and asset classes. 

"The ability to visualise positions across asset classes and regions intraday is essential for firms looking to have better information on which to base their investment decisions," said Julian Webb, head of data management and analytics, in a statement. 

The launch complements findings of various studies showing that banks worldwide are now more open to developing their technology. The latest Celent research on global IT spending, for one, predicts that total IT spending worldwide will increase 4.4 per cent from 2013 to $188 billion in 2014. The same study shows that majority of this growth will come from Asia-Pacific banks, with the region spending 5.8 per cent this year than the previous, or $66.5 billion. 

Anova IBOR is now available on general release.