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Having fewer systems significantly minimizes needless duplication of details, operational risk, and ultimate costs. It enhances the capacity and speed at which organizations can adapt to transformation, especially when it comes to regulation.
FREMONT, CA: Capital markets have been thrown into turmoil by the emergence of the pandemic, a chaos that is expected to continue to affect capital markets in the near future. As firms reach a crucial time for banks, they need to innovate strategies to manage the elevated risk associated with a market that relies on economic rather than monetary and moves beyond the regulatory structure.
This new problem emerges as global banking groups are still struggling to rebound from global financial panic in years gone by. The average profitability of 
banks was on the rise. Until markets were plunged into pandemic turmoil, almost one third of investment banks had an unsustainable cost structure.
Having less systems significantly minimizes needless duplication of details, operational risk and ultimate costs. It enhances the capacity and speed at which organizations can adapt to transformation, especially when it comes to regulation. Consolidation increases the level of automation and monitoring, allowing banks to see the full effect of trading decisions more rapidly, offering competitive edges and operating performance.A versatile framework helps users to plan for challenges and evolve tomorrow. Streamlining access to the supply chain of capital markets enriches the digital services that banks can deliver to clients.
Monitoring operations, properties and functions on a single platform requires a stable, scalable and resilient architecture designed to integrate computer-intensive calculations in real time, along with high-performance computing and efficient automation capabilities. Advanced technology must be used to enhance efficiency, transparency, elasticity and minimize the overall cost of ownership. Cloud deployment, agile and implementation of the DevOps concept make this a reality.
The target model allows banks to achieve the right stability between the two standardizations across a range of areas qualified for streamlining and versatility motivated by the need for differentiation and the uniqueness of the internal banking ecosystem. It should be designed and enforced in such a way as to allow financial institutions to optimize the potential for standardization while leaving the required openness where necessary to maintain a competitive edge.
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