Transformation is a team sport – applying technovision to operationalize transformation programs

The business model capital markets firms are using to maintain, upgrade, and enhance technology is broken. It does not work in an environment where step change, rather than incremental change, is the norm, and where singular changes to data or workflow can have cascading implications across the business.

In the current business model, technology changes alone cannot solve today’s industry issues, including operational resiliency, regulatory compliance, and sustained competition. Increased use of outsourcing and cloud providers expands the number of interested and impacted parties and makes transformation all that much more complex. As firms embrace technology upgrades or business transformations, they need an innovative approach.

In this paper, along with Aite-Novarica Group, we explore the key elements of successful business transformation. We then outline four initiatives across the capital markets industry that will require firms to embrace new collaborative approaches to business redesign.