DTCC Executive 2021 Predictions Mike Bodson, President & CEO, DTCC The extreme market volatility and volume experienced during the early days of the pandemic reinforced the critical role that market infrastructures play in protecting the safety and stability of the global financial system. The crisis also shined a light on the need for increased automation to strengthen resilience, reduce risk and costs and enhance efficiencies. Looking forward, we expect automation and fintech to continue to shape financial markets, but unlike the past, new technology solutions likely won’t be implemented with a Big Bang approach. Firms will want to balance legacy systems and new technology for a period of time to mitigate risk and manage costs. We also expect to see an acceleration in companies wanting new products and services developed rapidly and incrementally to meet their immediate needs, rather than a wholesale overhaul that may take years or be cost prohibitive to implement. As new technologies grow in prominence and solutions are delivered, governance and industry standards will become all the more important to make sure they offer the same, or a better, level of risk reduction and protection for firms and investors.