Transformation in capital markets demands evolutionary approach, find Celent and Finastra

New report underscores trend away from complex projects towards a more evolutionary, flexible approach to change – based on open APIs and micro-services

London, UK, 14 November 2017 – New research from Celent (commissioned by Finastra) which examines the future transformation of capital markets, identifies six key drivers of change over the next five years to 2022:

  • Digitalization of the trade and client lifecycle
  • The Fintech revolution
  • The need to integrate with an evolving ecosystem
  • The trend for banks to focus on core capabilities and outsourcing of non-core functions
  • Advances in big data, machine learning and data analytics
  • The rise of open APIs and micro-services in helping banks deliver increased agility

Josephine de Chazournes, Senior Analyst at Celent, will share the key findings of the report at the Finastra Universe conference taking place in London today. Commenting on the research, she explains, “Banks operating in the capital markets arena must continue to transform and evolve their business models. The risk of not doing anything is to be run over by competitors, including new Fintech players. As banks embark on second or third generation transformation initiatives, Celent foresees that long and complex projects will give way to a leaner and more adaptive approach. We see major improvements coming from innovative thinking and agile execution as firms seek to seamlessly integrate new assets and modernize their legacy architecture through open APIs and micro-services.”

To view the full press release, please visit Finastra.com