Evolving Technologies and AI Working Group

Purpose

The Evolving Technologies and AI Working Group (WG) will focus on looking at solutions for the Securities Services industry which are enabled by various evolving technologies. The WG will consist of multiple streams, initially focused on partnerships with Big Tech firms and on their readiness to deploy AI.

Scope

The WG’s scope will be limited to the following facets of Evolving Technologies and AI:

• Digital Transformation including Cloud, Confidential Computing, AI & LLMs, Data Management/Data Quality/Data Analytics, UX and UI Design and APIs Infrastructure Supporting Digital Assets (connect with Digital Assets WG)
• Technology supporting Cyber Risk Management (connect with Cyber WG)
• Quantum Computing

The WG will decide how many of these topics to pursue at any one time.

Key Deliverables

The first priorities for the WG will be:

Topic 1: Best Practices for Collaboration with “Big Tech”

This subgroup will produce a paper providing guidance for ISSA members which are contemplating forming strategic partnerships with a “Big Tech” Firm or one of the large AI start-ups

The Paper is expected to be published in Q1 2026 and will focus on:

• What we mean by “Strategic Partnership” between banks or other FIs and Big Tech firms
• Areas presenting the best opportunity for Partnership with Big Tech firms.
• Critical Preparatory steps to perform before starting partnership discussions.
• Lessons learned from case studies
• Partnership key challenges to overcome and risks to be mitigated

A follow-up paper may examine partnerships with a broader set of technology firms

Topic 2: Current State of AI Deployment in Securities Services

The WG will look to collaborate with The Value Exchange on a survey measuring AI deployment in our industry. Such a survey and subsequent white paper will examine:

• Readiness to move forward in AI (including but not limited to data readiness)
• Actual deployments internally and with clients., including any new product/services developed
• The value created by any deployments

Key Outcomes

The key outcomes will include:

• Furthering the knowledge of the WG and ISSA membership on real world applications of various evolving technologies, especially all aspects of AI
• Producing articles and papers of use cases within the scope on a regular basis.
• Enabling the AI in the Real-World Survey

Publications

• Digital Transformation in Securities Services – Client Communication ->link
• DLT in the Real World 2025 report -> link
• DLT and Digital Assets in the real world ->link
• The Case for Collateral Tokenization Survey 2025 -> link

Working Group Co-Chairs

• Vic Arulchandran, Deutsche Boerse
• Joseph Lo, Broadridge
• Satish Maramreddy, Citi

Executive Sponsor

• Ryan Cuthbertson, BNY

Institutions Represented by Experts in the Working Group

• Accenture Plc
• Australian Securities Exchange ASX
• B3 Brazilian Exchange and OTC
• Banque Internationale à Luxembourg SA
• Bloomberg LP
• BNY
• Broadridge Financial Solutions Inc.
• Citi
• CMA Small Systems AB
• CMU OmniClear Limited
• Deposito Central de Valores (DCV)
• Deutsche Bank AG
• Deutsche Börse Group
• DZ Bank AG
• Euroclear
• Global Legal Entity Identifier Foundation GLEIF
• Landesbank Baden-Württemberg
• Montran
• MYRIAD Group Technologies Ltd
• NSDL Group
• SIX Group AG
• SWIFT SCRL
• The Depository Trust & Clearing Corporation
• The Investment Association
• The Standard Bank of South Africa
• U.S. Bank, N.A.
• x-markets GmbH & Co. KG