The ‘kissing bugs’ of capital markets: How the financial services industry can best evolve

Joy Sengupta
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Joy Sengupta: Head of Corporate Strategy & Innovation, CLS, UK

Journal of Securities Operations & Custody, 2020, vol. 12, issue 2, 187-194

Abstract: Evolution in capital markets can be passive or active depending upon how participants decide to engage in the process. The market will evolve naturally irrespective of active involvement from participants; if rapid (or engineered) evolution, however, is what we seek, then we need to leverage the ‘kissing bugs’ — that is, the forced engineering of horizontal innovation transfer from other industries. This transfer needs to become our DNA — in the way we hire and build work environments, processes, governance and ways of working. Also as practitioners, we need to take long-term business models into consideration while creating short-term strategies and then select the innovation that best supports delivery of that vision. To remain relevant, we need to rebuild, not enhance.

Keywords: capital markets; innovation; transformation; post trade; technology innovation; evolution; horizontal innovation; capital market trends; future of capital markets (search for similar items in EconPapers)
JEL-codes: E5 G2 K22 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:aza:jsoc00:y:2020:v:12:i:2:p:187-194

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