Outlook 2016: Matthew Stauffer, Clarient
Matthew Stauffer is the CEO of Depository Trust & Clearing Corp.’s Clarient.
What were the major themes for your business in 2015?
From an industry perspective, alignment around data utility models and their role in risk mitigation across the client lifecycle became an increasing topic of conversation in 2015. The industry has gone from understanding the concept, to adoption of a standard client-entity data-management solution for the industry. We’ve evidenced this shift at Clarient. In the past six months, we’ve built a community that has over 90 clients including investment managers, corporations, trusts, outsources, broker/dealers and banks.
What are your expectations for 2016?
Client-lifecycle management and know-your-customer (KYC) will remain key discussion points for the industry. We expect community demand for a utility solution that covers data, operations and technology to lead those discussions. We also expect that banks will look to limit client impact and leverage centralized publicly available data to meet KYC-review requirements. While asset managers and corporates will increasingly adopt utilities as they realize the benefits of centralized client-data management and the associated efficiencies.