The Digital and Cloud Transformation of Capital Markets

The Digital and Cloud Transformation of Capital Markets

Capital Markets CIO Outlook | Thursday, April 01, 2021

Now is the time to consider not only how agility can provide a competitive advantage but also how to invest in the technologies that enable it.


Fremont, CA: Senior executives in the capital markets, like the rest of us, are hoping for a return to normalcy in 2021, but they know their world will never be the same. Technology is now more inextricably linked to the capital-markets business than ever before. COVID-19 intensified the digital and cloud transformation of financial institutions (FIs) and market infrastructures that had already begun (MIs). Organizations that had already moved their application, infrastructure, and/or delivery models to the cloud could quickly transition to the work from home model.

As senior executives from both the business and technology divisions look to capitalize on the trend of digitization and mobile service deployment and accept that the rapid rate of regulatory change will continue, significant changes to technology strategy are required. The delivery model for technology estates, as well as the organizational mindset, must evolve.

The cloud is a technology trend that unites many others. In a nutshell, clouds are everywhere. Cloud-native approaches and deployments are well underway in the capital markets industry. The cloud is making inroads in the front office, where trading system providers and market data vendors offer cloud-based solutions. But that is far from the only advancement cloud is making in the capital markets.

The cloud, when combined with emerging technologies such as intelligent automation, data management, DLT, low-code/no-code, modern APIs, and open-source, aids in the creation of ecosystems with minimal financial investment and ongoing overheads. Cloud computing provides scale, massive compute, cutting-edge AI, and enhanced data analytics.

The pandemic's challenges increased the industry's commitment to digital transformation, demonstrating how flexible technology infrastructures can provide significant benefits. Now is the time to consider not only how agility can provide a competitive advantage but also how to invest in the technologies that enable it.

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