Asset managers signaled a high level of interest in moving to a fintech provider for at least one aspect of post-trade support.
Firms are attracted to fintech’s nimbleness and their innovation, research by Six Securities Services found.
Thirty-seven per cent of respondents in a survey of post-trade customers said they were “highly likely” to move to a fintech provider for at least one aspect of post-trade services by 2027 – but the figure jumped to 60% for asset managers.
The results reflected that the “hunt for value” should not just centre on liquidity provision, efficiency, and risk mitigation, Six Securities Services said.
Respondents identified robotic processes and artificial intelligence as the technology that has the potential to provide the greatest value, followed by distributed ledger technology, cryptocurrencies and application programming interfaces.
The survey polled 60 decision-makers at financial institutions in the US, UK, Germany and Switzerland. Thirty asset management firms were surveyed.
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