Reading Time: 3 minutes A recent Broadridge survey highlights that 70% of financial firms see legacy technology as a significant barrier to digital transformation. Traditional brokerages, still tied to outdated on-premise systems, face obstacles to growth, scalability, and responsiveness to customer demands. This technical debt not only leads to high maintenance costs but also Read more…
Reading Time: 3 minutes Robinhood’s recent acquisition of Pluto Capital, a FinTech specializing in AI-driven investment strategies, has sent a clear signal to Wall Street: AI is becoming a key technology investment for capital market firms. This move is not an isolated incident; it underscores a broader trend in which AI is gaining ground Read more…
Reading Time: 3 minutes Chatbots are evolving from simple, algorithmic query handlers to sophisticated virtual assistants capable of offering insight and solutions. Today, nearly 80% of financial institutions are leveraging chatbots, even if only in pilot projects. However, their role isn’t just confined to customer service, especially in the brokerage industry. Bank of America’s Read more…
Reading Time: 4 minutes The capital markets have always been a lucrative target for cybercriminals, and the past few years have only intensified these threats. A stark reminder of this vulnerability was the ransomware attack on CNA Financial Corporation in March 2021, one of the largest insurance companies in the United States. This incident, Read more…
Reading Time: 7 minutes A 2023 press release from the SEC suggests that the shift to the T+1 settlement cycle for the US securities trading market will require a collective investment of $3.5 billion to $4.95 billion on the part of buy and sell-side firms. Barely scratching the surface, these cover only implementation costs. Read more…
Reading Time: 10 minutes Deploying AI in capital markets can revolutionize change from the bottom up – reinventing front-middle, and back-office functions for greater efficiency & faster settlement times. It can create a level playing field for investors and businesses in a dynamically growing business landscape.
Reading Time: 4 minutes What could UX do to establish a democratized use of products/services? Does it really have a role to play? Yes, UX is the prerequisite for any service that works out a balance between technological advancement and a user. UX creates the environment for relationships that shed reservation and promotes a Read more…
Reading Time: 3 minutes In today’s day and age where attention spans are dwindling, digital learning would be successful only if the user experience it offers is engaging and immersive. UX is a significant part of digital learning design, and therefore the need to create a seamless and intuitive experience for learners is a Read more…
Reading Time: 4 minutes As a team of designers, do you find yourselves building similar things over and over again from scratch? Do you come across situations where you are part of a product rebuilding exercise to address concerns such as inconsistent menu elements, conflicting button styles, and confusing instructions? Do you find yourself Read more…
Reading Time: 3 minutes The demand for over-the-counter (OTC) crypto trading platform development has continued to skyrocket since its introduction and has seen many high net worth individuals and institutional investors drawn by its potential. The main reason for this can be attributed to an OTC desk’s simple ability to overcome major hurdles faced Read more…
Reading Time: 4 minutes Are your eyes set on the crypto market but you’re still kind of on the fence about taking the plunge to dabble with cryptocurrencies? This blog may just be your turning point. Let’s begin by debunking the long-existing theory that trading with cryptocurrency requires rocket science level technical expertise – Read more…
Reading Time: 5 minutes Our planet is the home of 7.9 billion people, according to the Live World Population Clock in worldometers.info. Over half of these people have access to smartphones. Studies show that every day more people are joining the Internet via their smartphones. That means every second, more and more apps are Read more…