APIs and low-code/no-code enabled systems can help banks to leapfrog into real-time post-trade processing.
Speed, certainty and savings will all be better realised if middle- and back-offices are set up to support digital assets.
Real-time, event-driven processing technology has underpinned the front-office for many years, indeed decades, but many other parts of capital markets including risk management, continues to rely on batch-driven processing.
The nascent cryptocurrency and digital asset markets will test legacy back-office architectures to destruction.
Adopting a componentised architecture lets a bank move with the rules, and ahead of client appetite.
Through the 1970s, fixing the car was a regular weekend preoccupation for many, but fast forward to 2019, and the only people working on their cars at the weekend are classic car enthusiasts. The same cannot be said for bank technologists, many of whom…