The capital market industry faces critical business challenges because of the continuously evolving and diversifying regulatory environment. Ongoing regulatory requirements, diversified product offerings, enhanced customer expectations, and fierce competition have become the new normal for today’s banks. Growing stakeholder and investor expectations in these volatile economic conditions add to banks’ pressure. Meeting the regulatory deadlines while striving for cost efficiencies is the biggest challenge for the banking sector.
Enabling firms to work on standard datasets in real-time, with minimal supporting options, Blockchain allows market participants a simplified, cost-effective, and transparent system. Another highly adapted trend that reduces both expenses and infrastructure is the migration to the cloud that helps transform IT-related capital to usage-based operational expense. Cloud computing and hence, digitization of various parts of the value chains increases the risk of exposure in terms of security. Hence, cyber-security is essential for protecting clients’ data to avoid damage to the brand, decline in clients trust and legal suits or investigations.
To extract the full value of technological evolution in the capital market landscape, enterprises often depend on solution providers to fulfil business mission and requirements while providing the right expertise to address the varied and complex needs of the industry. In this scenario, it is imperative that CIO’s and CEO’s invest in the right technology that suits their specific necessities. With that in mind, Capital Markets CIO Outlook has charted out 20 companies at the forefront of providing comprehensive and value-added capital markets technology solutions.
We present to you “Top 20 Capital Market Technology Solution Providers in Europe – 2021.”