The securities industry is focusing on innovative solutions and automation to meet the challenges of the evolving landscape.
A remarkable 87% of respondents view central bank digital currencies and stable coins as viable tools.
The move toward T+1 settlement cycles has triggered a consensus among participants on the necessity of innovative solutions. Okan Pekin, Global Head of Securities Services at Citi, emphasized the need to embrace innovation and efficiency in the evolving landscape. Initial efforts aimed at clients and counterparties, followed by refining in-house systems and processes. Automation and standardization of client communications are the focus for 69% of those surveyed. Furthermore, approximately 64% seek technology platform upgrades or replacements.
and stable coins as viable tools to support securities settlement. This figure represents a notable increase from 72% in the previous year. The growing maturity of digital currencies is fostering a collaborative approach among market participants to enhance the overall ecosystem’s stability.
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