--- title: Development Ecosystems Gain Traction description: Access to common platforms helps speed time-to-market. image: https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/coding-computer-hacker-hacking-html-programmer-1366057-pxhere_com_-May-12-2022-09-23-01-03-AM.jpg --- ![websites-group](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/new-MMG-01.svg) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-new-marketsmedia-logo.svg)](https://www.marketsmedia.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-traders-redlogo.svg)](https://www.tradersmagazine.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-bestexe-logo.svg)](https://www.bestexecution.net/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-menu-fidesk-logo.svg)](https://www.fixglobal.com/) [![](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/dropdown-fixglobal-new-logo.svg)](https://www.fixglobal.com/) - [*Facebook*](https://www.facebook.com/MarketsMedia/) - [*Twitter*](https://twitter.com/marketsmedia) - [*Linkedin*](https://www.linkedin.com/company/markets-media-llc) - [Newsletter](https://articles.marketsmedia.com/development-ecosystems-gain-traction#popup-newsletter) #### Want the latest news on securities markets -- FREE? Sign up to receive exclusive articles on topics including: - Equity market structure - Profiles of buy-side investment firms - The evolution of multi-asset-class trading - Regulation and its implications for markets - The search for liquidity in fixed income markets - The convergence of fintech and capital markets Select one or more newsletters you would like to receive: menu [![Markerts media](https://articles.marketsmedia.com/hubfs/raw_assets/public/MarketsMedia_August2021/images/header%20logo.svg "Markerts media")](https://articles.marketsmedia.com/) - [Latest News](https://articles.marketsmedia.com/tag/latest-news) - Latest News - Development Ecosystems Gain Traction Search - [Home](https://articles.marketsmedia.com/) - [Trending](https://articles.marketsmedia.com/tag/trending) - [Featured](https://articles.marketsmedia.com/tag/daily-email-feature) - [Sectors](https://articles.marketsmedia.com/tag/sectors) - [From The Markets](https://articles.marketsmedia.com/tag/from-the-markets) - [AWARDS](https://articles.marketsmedia.com/tag/events) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Newsletter](https://articles.marketsmedia.com/development-ecosystems-gain-traction#popup-newsletter) Hide search Search - NewsLetter ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg) [ON THE MOVE: Citi Hires Artie Ambrose;...](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_445735906_L.jpg) [Trading Adapts to ESG and Sustainable...](https://articles.marketsmedia.com/trading-adapts-to-esg-and-sustainable-investing) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/iStock-917493152-Jul-07-2022-09-34-19-09-AM.jpg) [Focus on FX Execution Connectivity](https://articles.marketsmedia.com/focus-on-fx-execution-connectivity) ![](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/Depositphotos_333839538_L.jpg) [TRACE Turns 20](https://articles.marketsmedia.com/trace-turns-20) 06.05.2018 By Rob Daly Latest News # Development Ecosystems Gain Traction 06.05.2018 By Rob Daly ![Development Ecosystems Gain Traction](https://articles.marketsmedia.com/hubfs/Imported_Blog_Media/coding-computer-hacker-hacking-html-programmer-1366057-pxhere_com_-May-12-2022-09-23-01-03-AM.jpg) [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/development-ecosystems-gain-traction) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/development-ecosystems-gain-traction) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/development-ecosystems-gain-traction) A plurality of banks is turning towards "platformication" to improve innovation, according to recent research by analyst firm Celent. Of the financial institutions surveyed by Celent, nearly 40% of the banks are using or actively investigating platforms, noted Gareth Lodge, a senior analyst at Celent and author of the research. ![photo of Gareth Lodge, Celent](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/Gareth-Lodge-Celent-1.jpg?width=150&height=150&name=Gareth-Lodge-Celent-1.jpg) Gareth Lodge, Celent “Furthermore, they saw the same benefits as we did, with 60% ranking the benefits of accessing new technologies and being able to build and test in an agile way either first or second priority," he wrote. "Our conclusion then is that the industry is close to the much wider use of platforms.” Only 12% of those polled said that they were unlikely to consider platforms. Once such platform is Finastra's FusionFabric.cloud offering, which the vendor launched today, June 5, after nearly a year in development. The platform, which has approximately 60 providers in the proof-of-concept stage, is more than a collection of APIs, Natalie Gammon, chief cloud officer at Finastra, told Markets Media. ![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/Natalie-Gammon-Finastra-1.png?width=150&height=207&name=Natalie-Gammon-Finastra-1.png) Natalie Gammon, Finastra "We have opened not only our APIs but our core banking infrastructure," she said. The offering consists of a low-code drag-and-drop development environment, a production environment, and an online market for pre-made applications and operates in the Microsoft Azure cloud-computing environment. Among the platform's early pre-built applications include offerings from KYC vendor Tradle and asset-allocation platform provider Active Allocator. During the platform's initial deployment, Finastra will focus on APIs and applications for the retail and corporate banks with a focus on capital markets and investment banking to come later, according to Gammon. In other Finastra news, Finastra’s board has promoted deputy CEO Simon Paris to CEO of the firm replacing Nadeem Syed, who has stepped down to join Vista Equity Partners as an operating principal. Most recently, Paris was president, industry cloud at SAP for eight years before joining Finastra as its deputy CEO in June 2015. [Share](https://www.facebook.com/share.php?u=https://articles.marketsmedia.com/development-ecosystems-gain-traction) [Tweet](https://twitter.com/intent/tweet?text=US+ETFs+Have+Record+Net+Inflows&url=https://articles.marketsmedia.com/development-ecosystems-gain-traction) [Share](https://www.linkedin.com/cws/share?url=https://articles.marketsmedia.com/development-ecosystems-gain-traction) ![email](https://articles.marketsmedia.com/hubfs/Markets%20Media/email.svg) ### NEWSLETTER SIGN UP And receive exclusive articles on securities markets ### Related articles 1. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/EMCA-WINNERS.jpeg?width=376&height=250&name=EMCA-WINNERS.jpeg)](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) Latest News ## [European Markets Choice Awards 2022 – The Winners](https://articles.marketsmedia.com/european-markets-choice-awards-2022-the-winners) On 5 June Markets Media held its first in person European Markets Choice Awards event in London. 07.06.2022 By Markets Media 2. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg?width=376&height=250&name=trading-up-occ-iex-select-board-members-citadel-lands-lieblich-573x379-Jul-07-2022-09-34-11-57-AM.jpg)](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) Daily Email Feature ## [ON THE MOVE: Citi Hires Artie Ambrose; Natalie A. Brown to Mesirow](https://articles.marketsmedia.com/on-the-move-citi-hires-artie-ambrose-natalie-a-brown-to-mesirow) The weekly recap of new hires, promotions and job changes in capital markets trading and technology. 07.05.2022 By Anna Lyudvig, Traders Magazine 3. [![](https://articles.marketsmedia.com/hs-fs/hubfs/Imported_Blog_Media/339299_345359258874293_1089957387_o.jpg?width=376&height=250&name=339299_345359258874293_1089957387_o.jpg)](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) Latest News ## [Summer Trading 2012, 10 Years On](https://articles.marketsmedia.com/summer-trading-2012-10-years-on) A look back at a Markets Media event from a decade ago. 07.05.2022 By Traders Magazine [![MarketsMedia](https://articles.marketsmedia.com/hubfs/MarketsMedia.svg "MarketsMedia")](http://marketsmedia.com) - [About us](https://www.marketsmedia.com/about-us) - [Careers](https://www.marketsmediagroup.com/careers) - [Contact](https://www.marketsmediagroup.com/contact) - [Advertise](https://www.marketsmediagroup.com/advertise) - [Newsletter](https://awards.marketsmedia.com/newsletter-sign-up) - [Corporate Site](https://marketsmediagroup.com) - © 2026 Markets Media Holdings LLC - - Terms & Conditions - Privacy Policy {{ standard\_footer\_includes }}