Utilities Rise, But Middle Offices Retain Value
Data operations efforts will be enhanced but not replaced by SPReD and similar offerings
For data and operations governance at financial services firms, utility offerings are increasing in popularity, but the value of middle-office activities should not be completely discounted, according to service provider executives and industry professionals who spoke at ISITC's annual conference in Boston on March 21.
"I wouldn't say we can completely remove the middle office because utilities will take it over," said Matthew Nelson, managing director, global product and strategy at DTCC.
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