Evolving Technologies and AI Working Group White Paper

Big Tech and Securities Services: A Partnership-Driven Approach to Achieving Data and AI Goals

 The “Big Tech” Subgroup of ISSA’s Evolving Technologies and AI Working Group explored recent strategic partnerships between Securities Services Providers and so called “Big Tech Firms” like Apple, Amazon, Google, Meta and Microsoft, or one of the newer large AI firms. They examined trends driving these partnerships, and gained insights on how these are being approached and structured to gain the optimal impact.

As part of its research, the Subgroup interviewed executives at three ISSA member firms which have implemented one of these types of strategic partnerships.

 The Subgroup documented its research and conclusions in a new ISSA White Paper entitled: “Big Tech and Securities Services: A Partnership-Driven Approach to Achieving Data and AI Goals”  

The white paper’s high level conclusions are that strategic partnerships between Securities Services Providers and Big Tech firms are moving forward successfully and are expected to accelerate. The massive investments these technology firms have made in infrastructure at scale, data architecture and analytics and in developing Generative AI models and Agentic AI-based services, can all be leveraged by the financial services industry through carefully structured strategic partnerships. These partnerships are not merely about adopting new technologies, they are about co-creating the future of financial services. These partnerships enable institutions to modernize, innovate and transform in ways that would be difficult to achieve independently. As such, they represent a powerful model for industry-wide collaboration and long-term value creation. The white paper can be accessed here.