Overview
Banks and other financial firms and investors could be $24 billion better off every year if the technology underpinning the country’s financial markets is upgraded, a group of influential academics has found.
Modernising core technology infrastructure underpinning markets will boost productivity and international competitiveness, the Digital Finance Co-operative Research Centre argues in a research paper to be released on Tuesday. Teams inside major banks will use the work to support investment in new IT systems.
Source: https://www.afr.com/companies/financial-services/financial-market-technology-upgrade-could-unlock-24-billion-a-year-20260302-p5o6k6