Capital Markets Systems Infrastructure (CMSI) is typically fraught with multiple systems from multiple vendors. When the major components, solutions, and vendors supporting the CMSI have been around for decades, why does this complexity and thorniness endure?
This blog originally appeared on TabbFORUM.
The big push over the past few years has been the move to create enterprise Data Lakes to provide a “single source of the truth,” along with control, efficiency and responsiveness. This often is done in line with major efforts, particularly in:
- Risk, where it was aimed at creating a consistent basis to draw the self-reconciling views across market, credit and finance; and in
- Legacy consolidation & re-engineering efforts, where it was to remove the duplication of data and its maintenance as a part of a mop up and displace process.