Research, trends and insights on navigating the digital future
With an uncertain path ahead, how are capital markets firms responding?
Next in capital markets takes a deep dive into the areas that custodians, asset management firms, wealth management firms and investment banks are focusing on to ride out a possible recessionary period and boost growth.
Additionally, these capital markets firms will be looking for practical guidance that can help them navigate the near future ensuring they have a secure, resilient, competitive and agile business which can serve their customers better. Next in capital markets explores the idea that there are key drivers which will improve business agility, enhance customer experiences, increase organizational efficiencies and productivity enabling them to deliver enhanced business outcomes that delight their customers.
View all InsightsDigital Assets and the Opportunity for Capital Markets
Download the whitepaperWe recently surveyed 110 senior decision-makers in wealth management, investment banking, clearing/settlement banking, asset management and custodian sub-sectors in North America about digital asset adoption in their firms. Our research found that where there was once resistance and skepticism from established financial services organizations, now there is a real sense of excitement and opportunity around this new asset class.
Type of digital assets adopted biggest drivers of adoption of digital assets are process optimization, competition (particularly from FinTechs and large technology vendors) and blockchain security.
of financial services leaders fear that their organization will lose customers and market share if it starts to lag behind its competitors in adopting digital assets.
...It is time for organizations to expedite their moves into the digital assets space. It would be a competitive differentiator, as firms that get on the digital assets bandwagon will most likely have first mover advantage.
Nageswar Cherukupalli
Senior Vice President, Industry Head – Capital Markets, Infosys
While the research reveals a general sense of optimism and confidence towards digital assets amongst senior leaders, it also uncovers the challenges that organizations are facing as they incorporate digital assets into their product portfolios, including cost of adoption and inadequate infrastructure capabilities.
One of the industry imperatives is not only to coexist with traditional market structures but also to provide a bridging vehicle to emerging asset classes and create a modern financial market structure – essentially a chain of interconnected market participants that aid in accumulating capital and forming investment resources. To enable this, firms will continue to drive investment into IT modernization in an effort to transform our aging financial markets infrastructure.
Nitin Gaur
Global Head, Digital Assets and Technology Design, State Street Digital
Despite the numerous challenges they need to overcome, the research shows that leaders within capital markets firms are optimistic about financial returns that digital assets can delivery to their organizations in the short to medium term.
Q: What percentage of your organization's revenue is generated from digital assets now, and what do you expect it to be in five years?
Predictions for digital assets
as proportion of organizations's total revenues Resources
Digital Assets and the opportunity for capital markets
Infosys survey with 110 respondents in North America
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Digital Assets and the opportunity for capital markets
Accelerating adoption of digital assets within capital markerts firms
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