FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million 
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Nasdaq Proposes Fast-Track Rule to Accelerate Index Inclusion for Major New Listings 
Uber Ordered to Pay $8.5 Million in Bellwether Sexual Assault Lawsuit 
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge 
Sony Q3 Profit Jumps on Gaming and Image Sensors, Full-Year Outlook Raised 
Washington Post Publisher Will Lewis Steps Down After Layoffs 
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine 
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off 
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026 
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns 
NEW YORK and LONDON, Sept. 28, 2016 -- As financial services activity increasingly occurs in the digital world, it is necessary for firms to move technology to the center-stage as an integral part of any strategic business vision. According to new research from TABB Group, "Capital Markets: The Digital Transformation," the combined forces of regulation, reallocation of capital, and declining revenues will accelerate trends in digitalization.
Firms today must collect, collate, store, retrieve, analyze and interrogate data constantly as real-time and front-to-back insight has become a necessity, particularly due to regulatory initiatives such as MiFID II. Explaining that firms can no longer avoid aggressively addressing defunct business models due to these demands, TABB’s research explores what success in the digital age looks like for capital markets.
To date, the majority of firms have been trying to add complex technological requirements onto legacy systems, which has led to inevitable issues, including additional support costs and increased risk. TABB explains that new opportunities are emerging, such as new generations of cloud and mobile technologies, open service architectures and APIs, but the progress remains slow. As such, TABB believes FinTech needs to be seen as an enhancer to complement business models and a catalyst behind business practices entering the digital age.
“The capital markets’ digital transformation is not a static one-off project, but a continuous evolution that will ultimately revolutionize every financial services firm’s strategy,” says TABB COO Alex Tabb. “Though innovative, FinTech risks solving imaginary problems while real headaches go unnoticed, preventing wholesale adoption and mass behavioral change. The challenge for established financial services firms will be to find the correct means of collaborating with new, innovative technologies to achieve this transformation in tandem with new approaches to workflows, processes, metrics and controls.”
The report is now available for download by TABB financial technology clients, as well as pre-qualified media at https://research.tabbgroup.com/search/grid. For more information or to purchase the report, contact [email protected].
About TABB Group
TABB Group is the international research and consulting firm focused exclusively on capital markets, founded on the interview-based research methodology developed by Larry Tabb. Since 2003, TABB Group has been helping business leaders gain a truer understanding of financial markets issues to develop actionable roadmaps and approaches to future growth. By accurately assessing their customer base, competition, and key market opportunities, TABB Group works with senior industry leaders to make critical decisions about their business. For more information, visit www.tabbgroup.com.
Contact: Casey Sheets, TABB Group +1 646-747-3207 / [email protected]
