Capital Markets–data, digitization, & disruption

Capital Markets–data, digitization, & disruption

Capital Markets companies need to embrace technology for rapid transformation and capitalize on data, digitalization & defend against disruption

KPMG LLP Authors

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DATA, DIGITIZATION, AND DISRUPTION RIGOROUS REGULATION AND RISK INFORMATION TECHNOLOGY: TOOLS OF THE TRADE ONBOARDING’S VITAL ROLE

The capital markets industry is built mostly on spreadsheets, legacy systems built in silos, and processes that are not always streamlined.

A similar characterization came in September 2014 from a venture capitalist who specializes in investments in start-up software companies that serve banks and securities institutions that make up the heart of the capital markets industry.

A harsh evaluation of the current state of businesses in the capital markets? Maybe.

Still, it would be difficult to argue against the point that quite a few capital markets businesses—investment banks, exchanges, clearing organizations, and others—have a lot of distance ahead of them on the road to leveraging better technology for faster business transformation that so many entities seek.

Much of the transformation work deals with three areas: enhancing skills at data capture and management, improving the digitization of a wide variety of the current manual process, and grasping a better understanding of (and reacting to) the escalating number of “disruptors’’ that continue to force change in the traditional industry business models.

Our view is that by focusing on those vital areas, firms in the capital markets industry can improve the quality of critical regulatory compliance reporting demands, gain better transparency that both regulators and customers are demanding, and reduce costs while improving overall profitability.

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