Whitespace innovation in numbers
%
of firms are unwilling to take on high risks associated with whitespace innovation, despite the potential for long-term gains*
*PWC 2023 Survey
%
of capital markets firms find integrating new technologies into their existing ecosystem challenging because of lack of the relevant tools
%
of executives believe they lack the right skillsets to manage technologies and processes involved in whitespace innovation
THE CHALLENGE
Resource constraints
All financial market firms want to innovate. But, there are budgets to hit, day-to-day operations to run and a shortage of specialized technical skills.
Usually, most of your IT budget is spent on maintaining existing systems and adapting to changing regulations.
So, with time, money and people shortages, many firms are concerned about stagnating.
THE SOLUTION
Innovate and grow
Keep costs down and headcounts stable while driving innovation.
New products don’t have to lead to rising costs. Innovate and stay on budget by using the Genesis Application Platform.
Optimize your current team with no need to hire additional specialist developers.
Explore client stories
Better bond issuance for global asset management firm
Our client built an application for streamlining the primary bond issuance process. Over 150 employees use the app daily, and it’s made the investment and trading process (in new issues) quicker and more profitable.
Rapid 4-month innnovation
To innovate beyond inefficient processes, this client’s credit insurance team used Genesis to deploy the CIA application in just four months, boosting efficiency and reducing the risk of missed premium payments.