Technology Innovation in Capital Markets
Capital markets transformedBanks are increasingly turning to fintech providers to drive technology innovation in capital markets because they are perceived to be agile, nimble, and unconstrained by old technology and bureaucracy. Based on detailed discussions with senior executives at banks and technology and solutions providers in capital markets, this report discusses the latest trends and themes in the technology transformation journey with a focus on banks’ desire for open platforms.
Report Snap Shot
- All participating banks in our study were aware of open platforms, and a vast majority (89%) are currently using or exploring usage of open platforms.
- Lower cost of entry to innovation and access to a trusted set of fintechs are the biggest drivers.