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Optimizing Data Architecture to Unleash the Power of AI

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15 November 2021
Eiichiro Yanagawa

A recap of TFITS 2021, Part 2: AI & EDM panel

Tokyo Financial Information & Technology Summit (TFITS) is the only event in Japan focused on the opportunities and challenges facing IT, data, and operations executives from financial institutions.

TFITS is a one-day conference hosted by WatersTechnology and sponsored by four solution providers across APAC, with 25 speakers and 250+ delegates. The 2021 summit was held on October 27 and featured an agenda packed with practical insights including the following questions:

  • Futurist Outlook―Building a Successful API-powered Digital Ecosystem
  • A Spotlight on Cyber: Priorities, Cost, and Business Decisions
  • Optimizing Data Architecture to Unleash the Power of AI
  • Deep Dive into the Trading Desk―From Pre- to Post-trade: Scalable Structure, Data Validation, and Efficient Reporting
  • Transforming Anti-money Laundering Operations: Automation, Efficiency, and Compliance
  • ESG Data: Road Bumps, Standards, and Development from Japan to APAC

I had the privilege of moderating a main stage strategic panel discussion titled “Optimizing Data Architecture to Unleash the Power of AI.”

Our esteemed panelists:

  • Yutaka Sakurai, Head, AI Finance Application Research Institute
  • Ken Takamiya, Managing Director, Head of Asia-Pacific Banks & Other Financials Research, Nomura Securities Co., Ltd

In this Emerging Technology Session, we discussed the current status of the use of emerging technologies in Japanese financial institutions, especially the progress of AI applications and the optimization of the data architecture behind them, as well as challenges and future initiatives.

Panel topics included the following questions:

  • What are the application trends and progress of AI technology in Japan and globally?
  • What is the status of enterprise data management (EDM) adoption for better data integration?
  • What are the outcomes of AI and EDM? How can we maximize the benefits from data analytics?

Celent opened the panel with a presentation on global trends in EDM in capital markets.

Moderator Keynote: "Towards a Data-Driven Financial Services Architecture"

  • Positioning of core systems, core data, and EDM: data architecture of the buy side
  • Importance of target architecture: IBOR-Investment Book of Record concept
  • Architecture aims to reduce costs, improve operational efficiency, and optimize investment decision-making

The first point Celent emphasized was the understanding that in capital markets all transactions are buy side and sell side, and data flows between markets. The buy side order management and portfolio management functions do not exist in isolation. The functions provided by the sell side are also all connected to exchanges, ECNs, ATSs/MTFs, and dark pools. Post-trade flows are likewise connected to custodian banks, fund administrators, etc. through CCPs, CAs, etc. In other words, the capital market is a world with a typical data chain, consisting of a series of value chains.

The figure shows a bird's eye view of the data-connected world from the perspective of a buy side trading desk. All of the core functions and core data within the red oval are interconnected with the value chain of the entire capital market. That value chain is systemically connected by a message bus and partitioned by a firewall. The core data in core systems can never be closed to buy-side asset managers. At its core, the green EDM system is the focus of much attention.

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