Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.

To hear the full interview, listen in the player above, or you can click on the download button in the player above.

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James Crosby, founder and CEO of data management firm Fencore, which is based out of Singapore, joins Wei-Shen on the podcast this week. They talk about the risks of vendor lock-in and how firms—both end-users and service providers—are working towards interoperability.

4:30 – James joins the podcast and gives an overview of what Fencore does.
8:30 – They discuss if there’s a balance between creating product stickiness and true openness.
12:30 – What are the biggest risks of vendor lock-in? 
15:00 – How should firms balance consolidation of system providers versus spreading across different providers?
17:30 – James talks about how having a single approach to systems is a utopian ideal.
19:00 – What needs to happen to achieve true interoperability between different systems? 
21:30 – James walks through the work required in implementing and configuring a new platform.
23:30 – How does providing flexibility to the end-user work from a contracting perspective? 
28:00 – They discuss what the end state of interoperability may look like.
 

Contact Info: 

As is the case with everything we do, we'd love to get some feedback from our listeners.

Wei-Shen Wong: + 852 3411 4758;  [email protected]

Anthony Malakian: + 1 646 490 3973; [email protected]

Past 10 episodes:

Episode 242: State Street’s COO on acquisition strategy

Episode 243: LSEG’s head of innovation on strategy and deep learning

Episode 244: IBM’s Likhit Wagle on modernizing mainframes

Episode 245: Sustainability and the circular economy

Episode 246: Bill Murphy on innovation discovery

Episode 247: DTCC’s Peve on using tokenization to streamline private markets

Episode 248: A Merry Covid Christmas

Episode 249: MayStreet’s Kimmel on the NMS plan

Episode 250: Tradeweb’s Bruni on electronification of repo markets

Episode 251: Nasdaq’s Dague on exchange cloud strategy