Commercial interest in APIs is rapidly growing among securities services providers, enabling for custodians to launch new self-service tools.
Tag: big data
Custodians could play a large role in the ESG space as they look to take up the role of a big data aggregator in order to inform clients of relevant ESG developments.
The report suggests custodians are no long the central hub of technology for RIAs, with tech vendors now providing direct competition over data and analytics.
Big data is coming under growing scrutiny in certain quarters, as the risks of bad data could have an adverse affect on machine learning tools.
Custodians could deliver superior value focusing on identifying operational pain-points for customers and created solutions off the back of it, according to Deutsche Bank.
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.
Big data is becoming a greater value proposition for custodians than the traditional model of asset keeping and settlement.
Citi launched Velocity Clarity in June last year with the aim to consolidate data across its custody and fund services business.