CFO frustration with fund administrators has been building for a while, but is it really about the tech? Alice sits down with Justin Partington (IQ-EQ) and Matthew Devine-Hill (Belasko) to unpack legacy systems, co-sourcing traps, where Claude and Copilot are actually being used today, and why smaller managers might be ahead of the big institutions on tokenisation.

• Why CFO frustration with tech is rarely really about the technology itself 
• The trap of co-sourcing and bespoke, sub-scale system builds 
• How IQ-EQ and Belasko are each building out their data infrastructure, from Investran, Yardi, Allvue and Paxus through to Snowflake, Kyriba and OneStream 
• Where Claude and Copilot are already being used in fund admin, and where they're not 
• The regulatory reality of rolling out AI across multiple jurisdictions 
• Why smaller, newer managers might be further ahead on tokenisation and digital assets than the big institutional names 
• The generational shift reshaping expectations of what "good tech" looks like 
• What it would genuinely take for a CFO to bring fund administration in-house 
• Whether GPs will ever be brave enough to give LPs direct access to their own data