So says Marc Natale at Murex in the latest FTF Exchange podcast.
Banks, broker-dealers, buy-side firms, and other capital markets participants are getting closer to their digital transformation goals as they put clients at the center of their journey, says Marc Natale, head of presales and marketing for America at Murex, a provider of financial software for trading, treasury, risk, and post-trade operations. Earlier this year, the Murex MX.3 platform won Software Solution of the Year in the FTF News Technology Innovation Awards.
“We observed over the past two years a clear shift in the way firms think about their capital markets ecosystem, their architecture, and how they approach technology vendors like Murex,” Natale says via the FTF Exchange podcast.
“It’s a clear indication that they are getting closer to their digital transformation goals,” Natale adds. “Most firms are switching from a very much product-centric approach to a client centric approach — and the client’s user experience is really at the center of this evolution. And that translates into many financial institutions requesting from vendors that their platforms have more advanced and more robust APIs.”
In practice, firms “have to follow standards. They have to provide documentation as code … to avoid any learning curves on how to technically use APIs and they can insure that a working prototype can be reached in just a matter of hours,” Natale says.
The podcast conversation also covers:
- Whether firms might halt their digital journey because of market uncertainty;
- Centralization and consolidation for trading, risk management, and related systems;
- When to consider a wholesale, re-platforming effort;
- When firms must consider accommodating client demands for crypto and digital asset transactions; and
- How the digital push has impacted the way Murex interacts with its clients and what aspects have not changed.
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