Brad Bailey, Research Director at Celent’s Capital Markets division, commented: “The changing face of the capital markets at a time of accelerated technology innovation have many CIOs thinking about their technology estate and the platforms required to future-proof it.

“The burden of technical debt and inefficient data processes is critical to their internal and external clients. Furthermore, the survey shows considerable differences in where digital change can occur most readily within the various lines of businesses and functional areas that market infrastructures run.”