AsianBankingFinance: The Dawn of Open Platforms in Capital Markets
by Eiichiro Yanagawa, Senior Analyst, Celent
Celent is paying careful attention to the surge of technology transformation in open platform initiatives in capital markets. To better gauge the direction of new technology trends, Celent has also conducted multiple surveys of capital market participants. The results hint at these companies pioneering new frontiers in capital markets.
For the purposes of this report, open platform refers to the following: Platforms that, through the offering of published external programming interfaces, enable connection, conversation, creation, and value exchange between multiple platform participants (producers and consumers). For example, technology vendors and third parties will be able to build new products and services on their platform and offer suites for use by third parties (other vendors, service providers, financial institutions). Financial institutions will be able to use the new products and services of those vendors, add features and functionality to the system and integrate the platform with other systems and/or data to streamline their operations.
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