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Preparing For a Cloud-Enabled, Data-Driven World

By DTCC Connection Staff | 2 minute read | September 15, 2022

Looking to further accelerate financial services transformation, Lynn Bishop, DTCC Managing Director & Chief Information Officer and Robert Palatnick, DTCC Managing Director & Global Head of Technology Research and Innovation, introduce a securities industry technology study on cloud, mainframe and data in an effort to align the industry on shared challenges and opportunities.

Lynn BishopLynn Bishop, DTCC Managing Director & Chief Information Officer

The financial services industry is rapidly evolving with the convergence of many factors, including an accelerated shift to digital, changing regulatory requirements and an increasingly volatile cyber threat landscape. Together, these drivers shine a bright light on the criticality of maintaining high standards for technology resilience and security.

Related: Introducing DTCC's "Cloud Minute" Video Series

Rob PalatnickRobert Palatnick, DTCC Managing Director & Global Head of Technology Research and Innovation

Like many other financial services firms, DTCC is on a modernization journey. The large-scale shift to public cloud platforms, combined with the digital-driven paradigm transformation of business operating models, provides a generational opportunity for the industry to align on a shared vision that responds to the changing technology landscape and delivers a world-class client experience.

DTCC believes industry-wide transformation requires investment, coordination, and collaboration. We are committed to enabling collective objectives that will strengthen resilience and elevate the client experience. Our goal with this paper is to spark further conversation about these key topics as firms embark on their own modernization journeys. Together, we can realize the full potential of new technologies and capabilities, introduce efficiencies and reduce risk for the markets.

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