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Capital Markets Research Outlook 2023

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CAPITAL MARKETS: 2023 - FOCUS ON AGILITY

Swings in market activity, interest rates, and regulatory agenda were extreme over 2022 and we are seeing more of the same in 2023. The need to build integrated, flexible, and agile technology solutions is clear. Technology will be key to keeping costs low and competitive advantage high, across all of the capital markets landscape. The era of cheap and easy money is over and the impact on the markets has been severe on the investment banking side, with deal flow drying up. Meanwhile on the trading side, predictions of a post-COVID return to normal in terms of market volatility have not played out.

As the world comes to term with COVID-19, the challenges due to the Ukraine war, geo-political instability, and macroeconomic and climate-driven conflict will continue to weigh heavily on the markets. These issues will increase focus across financial services on systemic risk, cybersecurity, sustainability and the effective use of technology in general.

Capital markets is a large and highly interconnected network so success, whether as a financial market participant, intermediary, or solution provider, is a network play. The entities making up the network across the buy side, sell side, and financial market infrastructures interact in numerous and increasingly blurring ways. From client to service provider, to partner and/or competitor, this state of interconnectedness creates overlaps in themes across the seemingly diverse capital markets landscape.

Celent has identified five key business themes that are driving technology spending and strategy for 2023, which are a focus of our research throughout the coming year. These are the ESG megatrend, digital assets go mainstream, user experience takes priority, data as a differentiator, and navigating regulatory fog for success. Our research this year is focused on technology’s relationship to the themes and how specific solution landscapes, or providers are reacting to the focus on these.

TYPES OF INSIGHTS

The Capital Markets team offers a dual stream of technology research, with one stream focusing on helping clients understand enterprise technology trends in the context of the capital markets ecosystem (e.g. business model change, business use case), while a second stream focuses on the competitive landscape of solutions in specific market segments. These reports are supported with primers and data-driven analysis based on industry outreach including interviews with strategy makers, budget holders, as well as industry-specific polls and panels.

Enterprise Technology Trends

  • Cloud Adoption acceleration creates new uses cases across capital markets workflows
  • Integrating blockchain-based assets and networks into traditional financial markets infrastructure
  • Increasing sophistication around data management and AI
  • Data Monetization via APIs, Platforms, and Data Marketplaces

Primers & Provider Landscape

  • Thematic e.g., Digital Assets/Blockchain, ESG Data Management, Data/AI
  • Portfolio Management Systems
  • Post Trade Landscape e.g., Reconciliation Solutions
  • Risk Technology

Outreach-based Research: Interviews, Polls, Panels

These and other annual benchmarking reports help executives prepare business plans and make strategic technology choices and investments.

  • Look for new research panels focused on front-office trading technology and post-trade operations.
  • Technology Adoption and Strategy: Interview-based Research

Contact us for more information about what we have planned in Q3.

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