sell side: 50% - fis · sell side: inching toward growth readiness banks and broker-dealers that...
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Sell Side:INCHING TOWARD GROWTH READINESS
Banks and broker-dealers that pursue operational excellence are growing faster than their peers.
The hunt for growth is on. Are you ready to rise?
* All data sourced from a global survey of 400 decision-makers from commercial and investment banks and broker-dealers by FIS and Longitude that was conducted between March and May 2017. To learn more or to download the full report, visit fisreadinessreport.com.
say regulation remains a significant hindrance to their growth plans over the next 12 months.
31%
say regulatory risk is the biggest barrier to innovation.
63%
of sell-side firms fear their technology and operations can’t support their growth ambitions.*
50%
By focusing on six operational principles, you can reap the rewards.
TalentCustomer Experience
Digital Innovation
Emerging Technology
Data Management
Automation
+ + + + +
Deepen automation
55% say they’ve achieved higher levels of automation for post-trade processing.
55%
36% 36% have reached higher levels of automation in collateral management today,
62%
42%
62% aim to do so over the next three years.
but this will jump to 42% in three years.
Adopt emerging technologies
45% Collateral management
38% Regulatory reporting
34% Clearing and settlement
46% Risk management
41% Automation of operations
37% Performance analytics
have implemented or are researching or piloting
blockchain for:
are live with, researching or piloting artificial
intelligence for:
38% 48%
What’s your growth readiness?Are you ready to rise?
Promote digital talent
or more say their talent is not good enough.37%
Master data management Around two-thirds see themselves as
highly effective or effective in each of the key areas of data management surveyed.
While 11-12% see themselves as highly ineffective or ineffective.
Prioritize the customer experience
Those who say they don’t meet customer expectations cite:
Talent gaps42%Outdated or inadequate technology39%
Reactive management 36%
Hire expertise and collaborate with innovative third parties
will collaborate with innovative partners.
will buy technology.
plan to recruit digital technology expertise.
35% 31% 31%