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From The Beatles to GenAI: The turning points shaping our future
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21/01/2026
Evergreening: The Path to Perpetual Modernization
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From The Beatles to GenAI: The turning points shaping our future
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Insight
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Evergreening: The Path to Perpetual Modernization

RESEARCH REPORT · TECIEM × CELENT

Treasury and Capital Markets

Technology Report.

We partnered with Celent to survey 100 financial
institutions across the globe on the state of their
treasury and capital markets technology.

 

Read the report

See key findings

 

About the Research.

An evidence-based view of where the industry stands on its modernization journey today: what firms are prioritizing, what’s holding them back, and what the institutions moving fastest are doing differently.

The survey drew on 100 institutions across four regions – here’s who responded.



Geography

North America
37%
Europe
34%
Middle East & Africa
17%
Asia Pacific
12%
N = 100

Institution Tier

Tier 1 Large ($500bn+)
27%
Tier 1 Regional ($100–500bn)
29%
Tier 2 ($20–99bn)
28%
Tier 3 ($1–19bn)
16%

Function / Role

65% Tech & Risk
38% Tech Heads / Deputy (COO, CIO)
27% Risk, capital and balance sheet strategy
11% Business Heads
9% Back Office
5% IT, transformation and data
5% Front Office
5% Middle Office and other

Institution Type

100 institutions
38% Sell Side Institutions
27% Corporate Banks
21% Retail Banks
14% Custodians / Securities Services

Industry voices

What survey participants are saying

“

One of the earliest benefits we’re seeing from GenAI is that teams can request metrics, insights, and reports in plain language and get answers immediately — without needing to know where the data lives.

WB

Wilhelm Brad

Head of Securities Servicing and Solutions, Erste Group Bank AG

Treasury is transforming at an unprecedented rate. The role of the treasurer has shifted from transactional tasks to a key strategic function at the heart of business transformation.

RS

Ray Suvrodeep

Head of Treasury Solutions Group, HSBC

AI is an opportunity for us to drive productivity and efficiency. It’s not just to take cost out, but also to free up capacity to invest in areas where we see growth opportunities we’ve been constrained in.

DS

David Solomon

CEO, Goldman Sachs

Report highlight
Market reality is a perfect storm

 

The forces converging on treasury and capital markets functions have never been more complex or more simultaneous.
And as banks navigate this perfect storm, modernization is no longer a choice – it is a race.

Regulatory acceleration

T+1 settlement mandates, enhanced surveillance, tighter reporting obligations, each placing new demands on data quality and front-to-back controls, all arriving simultaneously.

Macro headwinds

Recession risk, geopolitical shocks, and sustained cost pressure are shrinking the budgets available to respond to everything else on this list. The result is a compounding squeeze: the pressure to modernize is rising at exactly the moment when the capacity to fund and execute it is most constrained.

Technology and competitive advantage

 

Fintechs, digital-native banks, and platform players are raising expectations for speed, transparency, and automation – shrinking the gap between what was once considered innovation and what is now the baseline. At the same time, AI, tokenization, and CBDC initiatives are reshaping operating models faster than most institutions can absorb them.

Operational resilience / cyber security

 

Cyber security threats now directly impact market access and client trust. Resilience has become a board-level requirement, not just an IT concern -across trading, funding, and post-trade.

Business drivers for technology modernisation Source: Celent Banking and Capital Markets Treasury Technology Survey 2026
Business growth — new products, clients and geographies
Top
Replacing and upgrading end-of-life legacy platforms
Top
Advanced data analytics and AI
Application modernisation and cloud migration
Operational efficiency and cost reduction
Regulatory compliance readiness

Report highlight

Business is driving the modernisation

Banks are not investing in transformation for its own sake — they are doing it to grow, compete, and remove the constraints that limit what they can offer and to whom.

But ambition alone isn’t enough. The reality of execution tells a different story.

Report Highlight

The execution gap.

Most institutions have clear strategic intent, but lack execution ability. Siloed platforms and fragmented data convert every enhancement into a multi-team, multi-quarter program.

44%

of institutions report skills shortages as a critical barrier to transformation

People

39%

are hindered by fragmented, multi-solution technology landscapes

Technology

50%

report ineffective and inconsistent data management capabilities

Data

75%

of firms have not yet reached higher levels of operational performance maturity

Maturity

Source: Celent Banking and Capital Markets Treasury Technology Survey 2026

Report highlight

Leaders invest only where it delivers measurable value

The difference between leaders and those that are catching up is discipline: directing investment toward initiatives with clear business outcomes rather than fragmented or purely experimental innovation and modernisation.

88%

of leaders cite business growth as the primary driver of modernisation investment

Webinar Highlights

Wilhelm Brad, Head of Securities Servicing and Solutions, Erste Group, explains why the future of securities processing depends on faster, more modern systems that can meet the demands of today’s markets.

Juan Paez, Technology and Transformation, IADB, shares why breaking down the barriers between business and technology is key to successful transformation.

Benjamin Barwick, Head of Customer Value at Teciem, explains why moving to the cloud is more than a technology upgrade — it’s essential for business agility, faster time to market, and AI-driven innovation.

Meggie Grimaud, Head of Innovation at Teciem, explains why AI, interoperability, and data should be viewed as one connected transformation journey rather than three separate initiatives.

Read the report
On-demand webinar

In this webinar replay, Celent, banking practitioners and Teciem experts discuss the main findings from our global Treasury and Capital Markets Technology Survey.

Speakers:

  • Cubillas Ding, Research Director, Celent
  • Wilhelm Brad, Head of Securities Services and Solutions, Erste Bank
  • Juan Páez, IT Specialist, Technology and Transformation, IADB
  • Mohamed Sharkawy, Head of Treasury and Capital Markets, Banque de Caire
  • Meggie Grimaud, Head of Innovation and Analytics, Teciem
  • Benjamin Barwick, Head of Strategic Value Consulting, Teciem
Read the report

How Teciem helps

Your modernisation partner, at your pace.

Every bank’s modernisation journey is different. Teciem accelerates yours — securely, pragmatically, and at your pace. As your partner, we understand your complexity and help you modernise through its layers.

From cloud journey and working AI use cases, to automation and API-led integrations, we focus on practical solutions to support your growth.

RESEARCH REPORT · TECIEM × CELENT

Treasury and

Capital Markets

Technology Report.

Get the full story.

Download the report by filling out the form. 

Download Now
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