The COVID-19 pandemic has left an indelible scar on the global economy with severe consequences impacting all trades and businesses. With the global health crisis catapulting to a global economic shock, post-trade industry players will be forced to step out of their comfort zone to strike a balance between adaptability, resilience, and prediction. The pandemic has jolted the post-trade industry, and in the new normal, especially when the focus shifts from regulatory compliance to topline growth – Industry 4.0 technology adoption such as Cloud, AI, automation, and DLT, and core system modernization will shape the future of the resilient enterprise.
This point of view explores how cost pressures and the low-interest regime will be the drivers towards fee-based income model, and how ecosystem collaboration with Fintechs & RegTechs will be the key to business and IT leadership, to survive and drive sustainable growth. The most resilient businesses in the post-COVID era will be those, with operating models informed by data. Nevertheless, data-driven resilience will be an indispensable element of future competitive advantage. The shift towards sustainable investing products has grown manifolds post-COVID-19, as such investments are being perceived to generate high risk-adjusted returns over longer term, and at the same time, having high societal impact.