The regulator said market participants should not become overly reliant on their cloud services providers.
The industry spends more than $20bn a year processing trades.
The bank will build an FX pricing and trading engine with the Monetary Authority of Singapore.
Swiss banks will have access to documents that will be integrated into their client advisory systems.
The new venue hopes to attract 15 to 20 listings over the next year.
An increasing number of firms are using distributed ledger technology.
Adopting open innovation principles can foster greater interaction and connectivity, Celent says.
The regulator is using tools such as web scraping, network analytics and natural language processing.
Since 2018 the UK fintech market has been outstripping the USA and Europe for investment deals.