Preparing For a Cloud-Enabled, Data-Driven World

Looking to further accelerate financial services transformation, Lynn Bishop, DTCC Managing Director & Chief Information Officer and Robert Palatnick, DTCC Managing Director & Global Head of Technology Research and Innovation, introduce a securities industry technology study on cloud, mainframe and data in an effort to align the industry on shared challenges and opportunities.

The financial services industry is rapidly evolving with the convergence of many factors, including an accelerated shift to digital, changing regulatory requirements and an increasingly volatile cyber threat landscape. Together, these drivers shine a bright light on the criticality of maintaining high standards for technology resilience and security.

Read the report: Preparing for a Cloud-Enabled, Data-Driven World

Like many other financial services firms, DTCC is on a modernization journey. The large-scale shift to public cloud platforms, combined with the digital-driven paradigm transformation of business operating models, provides a generational opportunity for the industry to align on a shared vision that responds to the changing technology landscape and delivers a world-class client experience.

Partnering with Celent, an international financial research and advisory firm, we have issued a new research report, Preparing for a Cloud-Enabled, Data-Driven World. The report reflects insights on modernization strategies from over 25 senior technology executives at North American financial institutions.

Related: Introducing DTCC’s “Cloud Minute” Video Series

DTCC believes industry-wide transformation requires investment, coordination, and collaboration. We are committed to enabling collective objectives that will strengthen resilience and elevate the client experience. We look forward to further discussion about these key topics as firms embark on their own modernization journeys.

Related: The Power of Technology Resilience: A Framework for the Industry

Our goal with this paper is to spark further conversation about these key topics as firms embark on their own modernization journeys. Industry-wide transformation requires investment, coordination, and collaboration. Together, we can realize the full potential of new technologies and capabilities, introduce efficiencies and reduce risk for the markets.

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DTCC Connection

DTCC experts share their insights on post-trade processing, risk management and the latest technological innovations to protect the global financial marketplace