Market participants across the globe face a growing list of challenges in trade settlement.
The bank will use its new system to deploy AI applications and manage AI infrastructure.
BNP Paribas and Citi are the first institutional investors in the digital transformation platform.
Nearly one fifth og patents granted last year related to AI and machine learning.
Cloud infrastructure enables adaptation to emerging technologies such as generative AI.
DTCC said 69% of transactions were affirmed on trade date In December 2023.
XTY Labs will be also be home to the new AI residency program.
The firm's AI supervises exchange technology responsible for 25% of European equities trading.
2024 could be the breakthrough year for Gen AI in supporting investment management processes.
