Xceptor unveiled findings from a new report conducted in partnership with Crisil Coalition Greenwich, Operational efficiency is driving digital transformation in capital markets. The report reveals how firms across the capital markets landscape are rethinking their operational strategies in response to growing complexity, rising trade volumes and evolving regulatory demands.
The study surveyed over 70 C-suite and senior leaders from capital markets firms across North America, the UK, Europe and Asia Pacific. It offers a clear view into how firms are responding to rapidly changing data requirements and where the biggest opportunities for transformation lie.
“Despite several benefits of Digital Transformation to improve workflow efficiency, many participants are taking more time to invest in these resources and legacy practices prevail. Our study uncovers hard dollar costs to holding out on adoption, which are set to increase as data volumes continue to grow and market uncertainty persists,” said Audrey Costabile, Senior Analyst, Crisil Coalition Greenwich.
The study also explored the state of AI adoption in the industry. While 60% see AI as important to their transformation strategy, nearly one-quarter believe it is not important.
Key perceived benefits of AI adoption are enabling employees to spend more time on strategic work and automating manual tasks, while integration challenges, internal stakeholder buy-in and management controls remain key concerns.
