briefing
Each success propels the next evolution of operational data in the capital markets . solutions for any domain where prescriptive analytics can be guaranteed effective 100 percent of the time .
3 . Enrichment with Data Provenance
Help your downstream ecosystem partners by enriching messages with machine-readable information about data provenance and other useful data points . A good rule of thumb would be to assume that everything you send from one system to another will be read first and foremost by an AI-driven solution . Compose your messages accordingly .
One place to start would be SWIFT MT and MX messages , where free-format text fields are frequently used for various purposes . If you expect a human being
to be on the other end of a message , that ’ s probably a good candidate for enrichment . By tagging data at the source , whether with ISO 20022 or some other schema , you can enable much higher degrees of reuse for downstream users of the information , along with faster uptake of AI-based solutions .
4 . Distribute to ecosystem partners using APIs
Compared to retail banking , uptake of APIs is lagging in the capital markets , in part because of the preponderance of customized or bespoke solutions , along with legacy experience with manual processes for high-value capital markets transactions .
Given the volumes involved , there are highly significant profit opportunities for the industry and for individual players through enabling ecosystem efficiency powered by APIs .
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