Digital Transformation: The Capital Markets Innovation Landscape 2019

• builds on and refreshes the analysis of investment bank efforts previously undertaken;
• expands the scope of capital market participants analysed;
• assesses the geographic qualities of the global fintech innovation landscape; and
• provides focused analysis of exchange operator innovation efforts.

Specifically, investment banks, exchange operator groups and asset managers all engage with not only established fintech providers but also with startups, while simultaneously implementing new initiatives to facilitate internal innovation within their respective institutions. As the origination points of innovation shift beyond investment banks and established fintech vendors, innovation initiatives increasingly embed themselves globally and beyond traditional financial centres.

This report quantifies a range of initiatives by which different types of capital markets participants engage with fintech innovation both internal and external companies through internal innovation teams, strategic investment initiatives as well as innovation lab and technology accelerator structures. Particular attention on exchange operator innovation drivers and efforts as well as the geographic locations of innovation efforts provide readers of the 2019 Capital Markets Innovation Landscape with the opportunity to both broaden and deepen the understanding of capital markets innovation previously presented in the report series.