| |July 20199looking forward to reduce operating expenses at the same time increase the process efficiency thereby increasing the productivity of the organization.2. Smart Contracts will make Trade Settlement Efficient: The trade settlement is quite a lengthy process in capital markets and it un-dergoes a delayed transaction time due to involvement of multiple in-termediaries, clearance stages and regulatory compliances. In order to enhance this process. Smart con-tracts works on a distributed ledger technology (DLT) which automati-cally executes on fulfillment of an underlying criteria. This enables the settlement process to be executed in real-time and at the same time eliminates intermediaries.3. Innovative Digital Revenue Streams: Younger generation especially millennials believe in being independent which makes them more inclined towards technology leveraging digital tools to enhance their decision making capability. In order to make financial decisions and catering to their demands, it is important for capital markets companies to launch intuitive platforms along with providing services that allow the younger generation to take their own decision. Unique and innovate revenue streams should be experimented in order to cater to the new age customers by creating digital platforms and providing enticing services.4. DevOps Culture: Capital Market companies are strategizing to launch new product features and update existing products as soon as possible so that they are first in the market. This poses a huge challenge and pressure for the IT team follow-ing the legacy process of develop-ment like the SDLC model or even agile for that matter. It is imperative for the development team to work in sync with the operations team lever-aging latest tools to expedite the de-velopment and deployment process. This gives rise to the DevOps culture and how it is impacting end-to-end development process.5. AI-based Cybersecurity: The threat of cyber-attack is increasing at alarming pace due to the increasing abilities of hackers of finding vulner-abilities. Considering the tremendous volume of data generated, Capital Market industry is slowly shifting to-wards Artificial Intelligence (AI) and Machine Learning (ML). Models are created in order to generate a pattern in the data and this helps to detect and prevent any anomalies that could be a potential threat to the organiza-tion. AI can also help in determining vulnerabilities by understanding how the internal systems interact with each other and based on the intelligence, it detects loopholes. FinTechs and large Capital Market organizations are focusing on Intelligent Solutions in order to provide better operational efficiency and cost optimization
< Page 8 | Page 10 >