Modern technologies are disrupting capital markets globally, creating a definitive impact on how the industry performs and operates.
FREMONT, CA: Existing models and continued use of legacy technologies will not help capital firms sustain their long run of businesses. The capital markets of the future will be technology-enabled. Innovation in the industry is imperative to help firms survive and thrive, looking further forward. Below enlisted are the most significant technologies that are making the transformation of the industry possible.
· Data and Analytics
Data and analytics is a crucial enabler to the future adoption of innovation and technology change in the capital markets sector. As a result of regulation, there has been an increased focus on data with varying levels of adoption. It enables organizations to muster insights to help them with better decision making. It also allows data visualization, data tagging and sentiment analysis.
· Robotic Process Automation (RPA)
Robotics Process Automation (RPA) is identified as a new technology mostly used as tactical remediation and remains cost-effective. RPA is expected to get significant investment and be used for operational efficiency improvement initiatives. It will help capital markets firms boost efficiencies, and when coupled with AI, it has increased productivity. Increasing data volumes and the difficulty of integrating legacy technologies are pushing firms to automate operations with intelligent automation.
Blockchain technology promises to be transformative, especially in post-trade market infrastructure. Distributed Ledger Technology (DLT) can be used for issuing and transferring securities and can eliminate the need for intermediaries that provide settlement and depository functions. It is an efficient alternative to provide seamless and secure data transmission throughout the capital markets ecosystem.
· Artificial Intelligence (AI)
AI(Artificial intelligence) capabilities may include decision-making, speech recognition, cognitive learning, to list a few. With its cognitive learning capacity, it is possible to visualize and understand the environment and make relevant decisions. AI is also enabling the capital market firms to render improved customer experiences through personalization, conversational interfaces, and real-time information.
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Considering the technology trends that are shaping the capital marketing landscape, it is time to invest in solutions that can accelerate business initiatives.