The Truth About Robotics in Financial Services
The word robotics often conjures an image of a machine on an assembly line, tightening screws or sealing boxes over and over endlessly, but today’s reality is far different. Do you know the positive impact robotics can have on the financial industry?
In a recent article, Not Your Father's Robotics: What You May Not Know About Bots in Financial Services published in FOW, DTCC’s Gordon Sands describes three common misperceptions about the use of robotics in the financial services industry. He also recommends ways financial services firms can best integrate this technology into their operations to generate efficiencies and expand organizational capacity for higher-end activities. Read Gordon’s article here.
Moving Financial Markets Infrastructure to the Cloud
DTCC has been executing on its IT strategy for modernization, and over the past five years has incrementally expanded its solutions delivery capability to externally hosted platforms, including the use of public cloud vendors.
In parallel, the cloud vendor ecosystem has matured and vastly expanded, and the scale and commoditization of computing, storage and network services in the cloud is driving the price toward zero. The capabilities, resiliency and security of those offerings have improved dramatically, and it is now arguable that cloud offerings have already exceeded the capabilities of private data centers – and that gap will continue to grow at an accelerating rate, leaving laggards in cloud adoption at increased risk from a resiliency and cost perspective.
The question of the past 10 years has been, “How safe is it to move processing to the cloud?” But the question is becoming, “What compromises are made by continuing to maintain processing in on-premises data centers?”
DTCC is now engaging in a program to strategically expand the use of cloud processing across a much greater range of its services and applications, with a goal of leveraging cloud capabilities to reduce risk, reduce cost, and improve the resiliency and security of DTCC’s systems.
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