A handful of banks are certainly exploring the potential of quantum computing and analysing possible, viable use cases for the technology.
We summarise the main technology take-aways from this year's Sibos conference, and what technological trends are being set for the securities services industry.
The bank has already automated 40 processes through RPA for its securities services business, and is looking to deploy AI in a number of client-facing areas.
Despite being lauded for its potential to revolutionise the financial ecosystem, concerns remain over the energy use of blockchain after widespread reports of its impact on the environment.
The focus on increased transparency through transaction and trade reporting have led to a surge in demand for data generated from financial market infrastructures.
HKEX will trial the technology to help complete post-trade allocations and processing for northbound trades under Stock Connect within a tight settlement window.
Asset managers have been slow to incorporate big data into their day-to-day operations, despite the cutting edge tools on offer to deliver, alpha according to Sibos panelists.
Think about what blockchain technology can do internally for your organisation, says Digital Asset CEO
Blythe Masters believes internal benefits of blockchain technology might be being overlooked.
Joseph Lubin describes CSDs as “conceptual construct” that can take a decentralised form, forcing Euroclear to defend their role.
SWIFT MD says there's no reason why cyber threats couldn't spill over from payments into the securities market as panelists at Sibos highlight impacts of major infrastructure disruptions.