It’s anticipated that 2024 will see greater adoption of innovative technologies to meet the demands of the new digital world. 结果是, there have been ongoing industry conversations on how these advanced technologies can usher in a new way of serving financial markets.
To gain deeper insights into the progress of firm-level digital transformation, 存 recently hosted an interactive client roundtable discussion in Singapore with 林恩主教, 存 Managing Director, Chief Information Officer, and 蕾妮LaRoche-Morris, 存 Managing Director and Chief Financial Officer. Alongside 存’s senior leaders in Asia Pacific, Bishop and Laroche-Morris discussed how firms are embracing promising digital trends – to continue improving operational efficiency.
Related: 存 CEO discusses the road ahead for DLT and digital assets
探索创新
Most firms are on a similar journey: exploring the world of distributed ledger technology (DLT), “buzzy” tokens and other digital solutions with the hopes of crafting valuable products and services for the marketplace.
While recognizing the potential of how advanced technologies may have the capabilities to transform 存 business models and operational 流程, there are several aspects to consider. Among the key considerations are designing and integrating new digital solutions with existing technology stacks and workflows, connecting with external parties and ensuring digital resilience – to recover quickly from sudden business disruptions, 管理网络威胁等.
管理数字孤岛
The conversation moved toward the challenges of integrating isolated proof-of-concept digital projects into an already established and interconnected ecosystem.
“We would like to capitalize on the digital capabilities and resources that we have secured through our acquisition of Securrency to promote interoperability and harmonize standards, 流程, 和治理,毕晓普分享道。. “A common set of industry guidelines will allow us to solve the industry’s current challenges and build a robust, 可伸缩的, and resilient architecture to exchange digital assets in a safe and compliant mode – to reduce risk and smooth the path for industry adoption.”
The architecture in place will allow us to provide the right environment to accelerate ecosystem development and bridge best-in-class industry practice with leading technology, thus supporting our clients on their digital transformation journeys.
The need to ensure regulatory compliance aligns with the current observation that regulators are open to listening and paying more attention to developments in the digital space. The regulators are also stepping up on digital learning.
一张付款桌的座位
As the industry continues to look at digital innovation seriously, the discussion turned to payment rails – hailed as the unsung heroes of modern financial transactions.
Commenting on our role in leading digital asset adoption, LaRoche-Morris说, “存对final的投资, a provider of DLT-based wholesale payment system will help foster the development of new payment rails that will be necessary to build a robust digital infrastructure to enable interoperability and adoption of digital assets.”
While payment is not necessarily our sweet spot, it is important for us to be at the table with investments like Fnality – to connect to the payment piece of the digital lifecycle and be at the forefront of what is next in payment.
“We sit on the 监管 Practice Group to make sure that we are up to date with Fnality’s progress on the establishment of a world-first global liquidity management ecosystem that empowers new digital payment models in both wholesale financial markets and emerging tokenized asset markets,拉罗奇-莫里斯分享道. “This will ensure that Fnality’s direction of travel will serve the industry’s needs.”
数字化的未来
Given the tremendous progression that we have seen in innovative technologies, 这一步伐将继续加快. While innovations will help to provide better services and drive business growth, equal attention will also need to be placed on cybersecurity 和治理 to manage risks and thrive in the new digital world.