Automation Must Be End-to-End

Financial institutions looking to automate processes shouldn’t keep the technology in only one area of the business, speakers at a recent DTCC forum say, but rather make it into a holistic solution to add more value to the business.

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Speakers at the DTCC Fintech Symposium held in New York point out that automation is crucial for the industry as it deals with an influx of data. Around 90 percent of the data that now exists was created in the past 10 years, according to Roger Park, partner/principal and strategy and innovation leader for financial services at the consultancy EY. “Today, there’s a pervasiveness of data, just a lot more data that we’ve ever seen before,” Park says. As a means of combing through all of the i