Global Custodian Winter 2018 | Page 46

[ T U R N O F T H E Y E A R | N E W Y E A R P R E D I C T I O N S ] Intelligent use of next generation technology...is what will set one custodian apart from another. Teresa Parker, CEO & president of EMEA, Northern Trust Technology to separate the best from the best Emerging technologies are transforming custodians’ and their clients’ business models. We believe that the intelli- gent use of next generation technology, deployed along- side a firm’s existing infrastructure, is what will set one custodian apart from another. Through 2019, we will con- tinue to see an evolution of successful business models based on clients’ and financial sustainability. In the digital 46 Global Custodian Winter 2018 age, strategically-focused firms will deploy best-of-breed data services to generate real efficiencies and improved decision making. Digital technologies will enable a greater richness, depth, and accessibility of data than has ever been possible before. For tomorrow’s leading institutions, they will even underpin business model transformations that will take the industry to a new level.