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Tackling Digital Transformation at a Systemically Important Financial Market Utility (SIFMU)

Think Tank - 2:10 pm - 2:35 pm

David can discuss the unique challenges, risks and opportunities involved with effectively guiding a SIFMU through a digital transformation, including:

  1. What differentiates a digital transformation at a SIFMU/SIFI from other types of financial institutions; 
  2. OCC's own experience with digital transformation, which is currently geared at revamping the organization's 20-year-old Encore clearing platform and replacing it with a more modular, agile system while maintaining the integrity of the U.S. exchange-listed options market; 
  3. The unique challenges involved with applying new technologies such as cloud computing and IoT to systemically important financial organizations; 
  4. The framework SIFMUs/SIFIs can follow to implement new technologies successfully; and 
  5. Considerations for the broader financial market when exploring their own digital transformations, and the technology vendors who support their efforts.

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