DTCC Connection

Feb 28, 2018 • DTCC Connection

DTCC’s Fintech Symposium 2018 To Tackle Industry’s Top Technology Concerns

By Melanie Best

Fintech 2018At The Depository Trust & Clearing Corporation (DTCC) Fintech Symposium 2018, the company’s annual forum dedicated to issues at the intersection of technology and financial services, DTCC aims to encourage the industry to continue seizing opportunities presented by new technologies to improve client service and boost system resilience. This year’s symposium, organized around the theme Turning Headwinds into Tailwinds: Embracing Innovation to Maximize Value, will take place on Thursday, March 22, at New York’s Grand Hyatt.

The event, expected to draw several hundred attendees, features an extensive roster of distinguished speakers from the banking, fintech, regulatory and cybersecurity communities.

Among the agenda’s highlights, Chris Concannon, President and COO of Cboe Global Markets, along with DTCC President and CEO Mike Bodson will provide the C-suite perspective on today’s fintech challenges. And Blythe Masters, founder and CEO of Digital Asset, a pioneering distributed ledger platform for financial services, will join DTCC Chief Information Officer Robert Garrison to share experiences in digital ledger re-platforming of industry solutions.

Other sessions on the program will address regulation, artificial intelligence (AI) and technology risk.

Leading Change

The Fintech Symposium 2018 underlines DTCC’s thought leadership in driving the industry’s exploration of challenges and opportunities presented by new technologies. Recognizing its potential to streamline post-trade processing, DTCC was an early proponent of digital ledger technology (DLT) applications in financial services. The company also supports and advises various industry initiatives that are fostering DLT projects and best practices, including the Linux Foundation’s Hyperledger Project, of which DTCC is a founding member, and Enterprise Ethereum Alliance.

DTCC is not only helping advance industry discussion and analysis of technology in financial services; it is pioneering the application of emerging technologies to several key product offerings. In 2017, working with IBM, Axoni and R3, DTCC launched a transformative digital ledger re-platforming of its Trade Information Warehouse (TIW) to streamline the lifecycle processing, record-keeping and payment management for more than $11 trillion of cleared and bilateral credit derivatives.

In its Mutual Fund Services business, DTCC has harnessed data mining technology and AI to enhance a key database that holds vast amounts of information on fund securities. The latest enhancement, developed in 2017 with Kingland, uses AI to equip the database to respond in real time as fund users input and update their data points, prompting data reviews when discrepancies occur.

A progress report on the TIW DLT re-platforming project is included in the 2018 symposium agenda, along with a deep dive into machine learning and AI. McKinsey & Company representatives will explore how these technologies may change the capital markets, while DTCC Managing Director & General Manager of Wealth Management Services Ann Bergin will join Kingland CEO David Kingland to discuss how DTCC’s latest fund securities database enhancement is benefiting the mutual fund industry.

For more information or to register for the 2018 Fintech Symposium, please click here.