Adkrest provides research and implementation services ensuring every insight is grounded in real‑world execution — from industry insights and custom client‑specific studies to program management, business analysis, and testing that translate findings into measurable outcomes. Powered by our ACE platform, this integrated approach spans the capital markets ecosystem, making Adkrest a single, comprehensive source for industry insight.

Adkrest Services

Adkrest Competitive Evaluation (ACE) is Adkrest's proprietary competitive intelligence engine — designed to give capital markets technology buyers and software vendors a single, structured lens across the solution landscape. ACE converts market data into decision-ready insight on ideal operations benchmarking and technology stack for financial institutions to cross-vendor solution benchmarking for solution providers. Click here to learn more about ACE.

🔍

Custom Research

Tailored analysis addressing specific market, competitive, and strategic questions.

Go to Market Strategy
White Papers / Thought Leadership
Due Diligence
Voice of Customer

🌎

Syndicated Research

Market intelligence and benchmarking across key themes and industry segments.

Benchmarking Studies
Industry Analysis
Intellectual Property
Webinars and Events

⚙️

Implementation Services

Support to execute strategy, modernize processes, and deliver measurable outcomes.

Operating Models
Program Management
UAT Support
Process Optimization

Latest Publications

Stay informed with our latest research publications, insights, and upcoming industry events.

📄 Reports

✍️ Blogs

Research Themes

🤖

Artificial Intelligence

High value use cases
AI data strategy
AI compliance and risks

🔗

DLT

Securities and payments
Impact on traditional functions
Scalability and depth

👁️

Surveillance

Communication surveillance
Crypto surveillance
Integrated surveillance

🏛️

Treasury & Payment

Liquidity management
Payment risks and controls
Treasury operations

⚡

Post-Trade Processing

Automation and workflow
T+1 / atomic settlement
Collateral management

🔒

Private Market

Transparency and data
Single books of records
Unstructured data

📋

Regulatory Reporting

Control over/under-reporting
Centralization vs decentralization

🗂️

Data Management

Data lineage and governance
Data efficiency
Data risk and control

📊

Reconciliation

Value of reconciliation
Segregated vs centralized
Functional specific

Customer Base

Broker / Dealers

Asset Managers

Insurance Asset Managers

Hedge Funds

Asset Owners

Custody Banks

Private Equity Firms

Financial Market Infrastructure

Technology Solutions Provider

Consulting and Technology Services

Team

Deep capital markets expertise combined with hands-on operational and technology experience.

Vinod Jain

Founder — Adkrest

vinod.jain@adkrest.com

Summary of Experience

Extensive experience leading strategy, operations, and regulatory-driven transformation for broker-dealers, asset managers, custody banks, and investment banks. Experience spans industry analysis, fintech solutions, strategy and technology consulting, payments operations, and compliance audits for Citi, Wells Fargo, Bank of America, NYSE, Deutsche Bank, State Street, BNYM, Jefferies, UBS, MFGlobal, RBC, NSDL, Neoxam, DTCC, BNP, Morgan Stanley, Lehman, Truist, and HSBC.

Jay Wolstenholme

Principal — Adkrest

Jwolstenhome@adkrest.com

Summary of Experience

Jay began his career in capital markets as a project manager and developer in the financial futures department, specializing in S&P 500 program-trading arbitrage. He designed and built electronic program trading interfaces at Salomon Brothers (later Citigroup), then worked on prime brokerage, securities finance, fixed income, and commodity projects. Jay was head of North America fixed-income funding technology at UBS for a decade before becoming a research analyst.

Advisors

Anantha PadmanabhanLinkedIn — Expert in AI, Risk Mgt, Calypso and Reconciliation

Angela LeemansLinkedIn — Expert in Product, Strategy, and Wealth management

Michael BarrettLinkedIn — Expert in Collateral and Custody operations

Nora TajianLinkedIn — Expert in Sales, and Go-to-market

Scott PorterLinkedIn — Expert in Investment operations

Adkrest Competitive Evaluation (ACE)

Market Intelligence On Demand.

Adkrest Competitive Evaluation (ACE) is Adkrest's proprietary competitive intelligence engine — designed to give capital markets technology buyers and software vendors a single, structured lens across the entire solution landscape. From RFI evaluation to client sentiment to cross-vendor benchmarking, ACE converts scattered market data into decision-ready insight.

13 Solution Domain

4 Intelligence Source

5+ Dashboard View

360° Market Coverage

Capital Markets Solution Domains

ACE operates across capital markets solution domains. Every domain has its own criteria framework, AI parameter set and client reference scoring methodology — ensuring the benchmarking is precise, not generic.

🤖 AI - Governance and Cost Mgt

🧾 Client Onboarding and KYC

🏦 Collateral Management

🗄️ EDM

🕵️ Fraud and AML

📈 OMS/PMS

💳 Payments

🏆 Performance Attribution and Risk

🏛️ Private Market

🔄 Reconciliation

📋 Reg and Transaction Reporting

🚨 Surveillance

💰 Treasury and Liquidity

🧮 Withholding Tax

🏗️

For Software Vendors

✓Identify product strategy opportunities against real market gaps
✓Create a prospect sales pipeline from institutions actively benchmarking their category
✓Understand your competitive positioning across every domain you compete in
✓Ranking does not need RFI submission.

🏦

For Financial Institutions

✓Benchmark your current vendor stack against peers in your category
✓Define your ideal technology stack, domain by domain
✓Run tech spend analysis to see where budget is over- or under-allocated

🔄

Built On Continuous, Multi-Source Feedback

Not a one-time snapshot — ACE is designed to stay current and reflect more than a single voice inside each institution.

✓Continuous feedback collected directly from financial institutions, supplemented by qualitative discussions with Adkrest analysts
✓More than one response accepted per financial institution, capturing multiple perspectives from within the same firm
✓Also includes ranking and evaluation of Implementation Partners, not just technology vendors

⚖️

Independence & Methodology

ACE is produced by Adkrest — an independent advisory and research firm with no vendor equity, referral fees or placement revenue. Scoring weights, criteria frameworks and insight logic are designed by Adkrest's capital markets practitioners and applied consistently across all vendors in each domain.

"Capital markets technology buyers deserve the same quality of competitive intelligence that the vendors themselves have access to. ACE is built to close that gap — giving institutions, advisors and practitioners a structured, independent and always-on view of the market across every major solution domain."

— Adkrest Research Team · ACE Framework v1.0 · 2026

Subscription Plans (Under Development)

Industry Insights and Research Reports are complimentary with any subscription. A standalone subscription to Research Reports only is also available — contact info@adkrest.com for details.

Contact info@adkrest.com to subscribe →

Ready to Explore?

Start with your solution domain

Select a tool below to begin your ACE evaluation or benchmarking session

🔒 Subscription required

Adkrest Competitive Evaluation (ACE)

Submit a Partnership

Tell us where two software vendors, or a service provider and a software vendor, work together. No login is needed. You can add several partnerships and submit them together; only your email address is needed so we can follow up if a detail is unclear.

Inputs

Rankings & Data

Intelligence

Insights

⚙ Admin Console

User Management & Subscription Control

Create, edit, suspend and manage all users — visible to Adkrest Admin only

👥 All Users & Subscriptions

Name	Email	Org	Tier	Status	Paid	Expiry Date	Days Remaining	Actions

Adkrest Competitive Evaluation (ACE)

Market Intelligence On Demand.

Adkrest Competitive Evaluation (ACE) is Adkrest's proprietary competitive intelligence engine — designed to give capital markets technology buyers and software vendors a single, structured lens across the entire solution landscape. From RFI evaluation to client sentiment to cross-vendor benchmarking, ACE converts scattered market data into decision-ready insight.

13 Solution Domain

4 Intelligence Source

5+ Dashboard View

360° Market Coverage

Capital Markets Solution Domains

🤖 AI - Governance and Cost Mgt

🧾 Client Onboarding and KYC

🏦 Collateral Management

🗄️ EDM

🕵️ Fraud and AML

📈 OMS/PMS

💳 Payments

🏆 Performance Attribution and Risk

🏛️ Private Market

🔄 Reconciliation

📋 Reg and Transaction Reporting

🚨 Surveillance

💰 Treasury and Liquidity

🧮 Withholding Tax

🏗️

For Software Vendors

✓Identify product strategy opportunities against real market gaps
✓Create a prospect sales pipeline from institutions actively benchmarking their category
✓Understand your competitive positioning across every domain you compete in
✓Ranking does not need RFI submission.

🏦

For Financial Institutions

✓Benchmark your current vendor stack against peers in your category
✓Define your ideal technology stack, domain by domain
✓Run tech spend analysis to see where budget is over- or under-allocated

🔄

Built On Continuous, Multi-Source Feedback

Not a one-time snapshot — ACE is designed to stay current and reflect more than a single voice inside each institution.

✓Continuous feedback collected directly from financial institutions, supplemented by qualitative discussions with Adkrest analysts
✓More than one response accepted per financial institution, capturing multiple perspectives from within the same firm
✓Also includes ranking and evaluation of Implementation Partners, not just technology vendors

⚖️

Independence & Methodology

— Adkrest Research Team · ACE Framework v1.0 · 2026

Subscription Plans (Under Development)

Industry Insights and Research Reports are complimentary with any subscription. A standalone subscription to Research Reports only is also available — contact info@adkrest.com for details.

Contact info@adkrest.com to subscribe →

Ready to Explore?

Start with your solution domain

Select a tool below to begin your ACE evaluation or benchmarking session

🔒 Subscription required

ACE — Competitive Benchmarking

Geography · Pricing · Scorecard · AI · Implementation — specific to each solution domain

Filter by:

Domain

Region

Client Category

Asset Class

⚠️ Demonstration workspace — interactions below update in this session only. Pipeline, confirmation, and share-log entries are illustrative and are not saved to a server.

Active Prospects

—

Matching current filters

Final Evaluation

—

Closest to decision

New This Month

—

Entered pipeline recently

Regions Covered

—

North America · EMEA · APAC

🎯 Institutions evaluating a new solution

Institution	Looking For	Domain	Region	Category	Asset Class	Stage	Est. Decision	Entered Pipeline

Pending Confirmation

—

Awaiting your response

Confirmed This Session

—

Now counted in ranking

✅ Feedback awaiting client-identity confirmation

Domain

Vendor

Your Rank

—

vs. previous quarter

Score Change

—

Composite score, 0–5 scale

⚙ Alert configuration

Alert me if my score changes by points or more

Alert me when a competitor's movement affects my rank

📈 Ranking movement — all vendors in this domain

Comparing to previous quarter -- synthetic quarterly history for demonstration.

Vendor	Rank (previous quarter)	Rank (now)	Rank Δ	Score Δ	Impact on you

ACE — Technology Partner Rankings

Rankings based exclusively on client ratings of delivery performance — analysis, development, integration, testing, production and management

Filter by:

Domain

Region

Client Type

Partner Role

Tier

🏆 Partner Rankings — All DomainsAvg client rating per delivery dimension · 1=Poor 5=Excellent

🌐 Partner Coverage Heatmap — All DomainsClick a cell to focus that domain

📋 Vendor RFI — Service Partner Assessment Ratings by vendors across Advisory · Integration · Testing · Support

ACE — IP Case Studies

Submit a technology delivery case study for the ACE Implementation Partner library

Submitter & Implementation Partner

Who is submitting and which firm

Submitter Name *

Submitter Email *

Implementation Partner *

Client & Scope

Client, timeline, business lines and regions

Client Name *

Product *

Relevant From *

End Date

Ongoing

Select up to 4 per group

Business Line *

Region *

Technology Stack

Domain, vendor solutions, cloud and capabilities

Select up to 4 per group

Domain Area *

Asset Class

Cloud Platform

Vendor Solutions

Tech Capabilities

Case Study

Problem, solution, metrics, quote and link

Problem Statement *

Solution Delivered *

Measurable Metrics / Outcomes

Client Quote (optional — displays as a teal quote block)

Case Study URL

ACE — Industry Survey

ACE Capital Markets Flagship Survey

Submit your firm's response · Contributes to the anonymised ACE Industry Data dataset

📝 Industry Survey — Data Gathering Form

S0 — In which country is your office located? *

S3 — Which institution type best describes your firm? *

Large broker-dealer / IBMidsize broker-dealer / IBAsset managerHedge fundAsset owner — PensionAsset owner — Insurance AMMarket infra — ExchangeMarket infra — CustodyMarket infra — Depository

S4 — Firm's current AUM (if applicable)

S6 — Your area of responsibility *

Head of TechnologyCTOCIOCFOHead of OperationsHead of Risk ManagementHead of Data ManagementCOO

S10 — Total 2026 technology spend bracket *

Hardware, software and services; excludes salaries

Q1 — Top 3 firm-wide priorities right now *

Cybersecurity

AI adoption

Operational efficiency

Cloud strategy

Compliance with regulations

Data management

Risk management

Investment management

Business continuity

Q2 — Top 3 criteria for selecting a key technology vendor *

Total cost of ownership

Innovative technology

Ease of implementation

Vendor reputation

Vendor financial stability

Workflow improvements

Q9 — 2026 technology budget split (must total 100%)

Third-party licensing software (%)

Internal software development (%)

Hardware infrastructure (%)

Technology consulting services (%)

Q10 — How do you expect IT spending to evolve in 2027? *

Significant increase (>10%)Increase (5–10%)Maintain (0–5%)

Q11 — 2026 cloud technology spend bracket *

Q12 — % of overall technology spend attributed to cloud *

Q15 — % of firm's data currently stored/processed in the cloud *

None<10%11–25%26–50%51–75%>75%

Q13 — Primary cloud provider for trading & front-office functions

AWSMicrosoft AzureGoogle CloudOther / On-premise

Q17 — 2026 reconciliation technology spend bracket *

Q19 — Top 3 challenges/concerns about reconciliation solutions *

Data sourcing & integration complexity

Lack of automation / AI efficiency

Poor data quality

Slow break resolution

High implementation/maintenance cost

Limited scalability

Q18 — Primary & secondary vendor for Securities & Cash Positions reconciliation

Q27 — 2026 enterprise data management spend bracket *

Q32 — Top 3 priorities for your EDM program (next 6–18 months) *

Regulatory

Multi-asset security master

Standard security master

Investment research

ESG

Collateral management

Q34 — Which EDM solution providers does your firm currently use? (select all)

Bloomberg

S&P

FactSet

GoldenSource

SimCorp

BlackRock Aladdin

Q38 — 2026 AI technology spend bracket *

Q39 — % of overall technology spend attributed to AI *

Q41 — Top 3 challenges regarding AI adoption *

Integration with legacy infrastructure

Model governance & explainability

Talent shortage

Difficulty measuring ROI

Internal data not good enough

Lack of regulatory guidance

Q44 — Top 3 capital market functions benefiting most from AI *

Risk management & fraud detection

Portfolio optimization

Reconciliation & breaks

Regulatory reporting

Documentation management

Trade execution

Q49 — 2026 market risk management spend bracket *

Q54 — Top 3 priorities for your risk management program *

Ex-ante what-if risk scenarios

Private markets credit risk

Credit risk

Trade liquidity risk

Alt asset class analysis

Post-ante risk analysis

Q57 — Which risk solution providers does your firm currently use? (select all)

Bloomberg (PORT/MARS)

MSCI

BlackRock Aladdin

S&P (IHS Markit)

SimCorp (Axioma)

In-house proprietary

Q60 — Top 3 priorities for your performance attribution program *

Multi-asset portfolio attribution

Private market attribution

Ex-ante what-if scenarios

Post-ante performance analysis

Fixed income attribution

GIPS compliance

Q63 — Which performance attribution providers does your firm use? (select all)

Bloomberg

FactSet

MSCI

BlackRock Aladdin

In-house proprietary

SimCorp (Axioma)

Q66 — 2026 DLT technology spend bracket *

Q70 — Top 3 challenges/concerns about DLT-based solutions *

High cost, no scalable benefit

Lack of regulatory guidance

DLTs not interoperable

Legacy systems cannot scale

Market offerings unclear

Lack of management support

Q73 — Current team size involved in DLT/crypto currency *

<33–1010–2525–5050–100>100

✅

Ready to Submit

Your responses will be added to the Adkrest ACE Industry Survey dataset (anonymised) and reflected in the ACE — Industry Data dashboard. A confidential summary is available to all ACE contributors.

I confirm the information provided is accurate to the best of my knowledge.

ACE Capital Markets Flagship Survey — Market View

Base n=300 · Asset managers, hedge funds & institutional broker-dealers · Jun 2026

Filter by:

Domain

Region

Client Segment

Asset Class

ACE — Client Reference Rankings

Rankings based exclusively on client reference scoring — overall satisfaction, NPS, domain capability and renewal intent

Filter by:

Domain

My Preference

Region

Client Type

Asset Class

Since

Renew

Min Refs

📊 Vendor Rankings — Client Reference Scores

Composite = 30% Overall + 25% Domain Avg + 20% Service Avg* + 15% NPS + 10% Renewal · *Service used when CF data present

🔬 Domain & Service Capability Heatmap Domain criteria 6–12 + Service & Control · updates with filters

💬 Client Voice — Strengths & Concerns Summary All vendors · updates with filters

🏢 Client References Click a vendor row above to switch · Click a card to expand

Total Items

—

Jun–Dec 2026 window

Hard Deadlines

—

Filing / compliance dates

Next Up

—

Jurisdictions

—

US · EU · UK · Multi

📅 Timeline — Jun–Dec 2026

🗃 Regulatory Calendar — Capital Markets (Jun–Dec 2026) Source: Capital_Markets_Regulatory_Calendar_Jun-Dec_2026.xlsx

Date / Window	Jurisdiction	Regulator	Regulation / Rule	Event Type

Total Records

—

Load a file to begin

Total Fail Shares

—

Aggregate across all records

Unique Tickers

—

Distinct symbols

Largest Single Fail

—

Peak fail quantity

📁 Available Files

Loading…

📊 Top Fails by Ticker

Top 10 by Fail Quantity

📂

Select a file to visualize

Settlement Date Distribution

📅

Date breakdown appears here

🗃 Fails-to-Deliver Records

No data loaded

Settlement Date	CUSIP	Ticker	Company	Fail Qty	Price ($)	Fail Value	Bar
📂 Select a file or paste data

— of — records

Latest Treasury Fails

—

Most recent date

Latest Agency Fails

—

Most recent date

Avg Daily Treasury

—

Jun 2025 – Jun 2026

Peak Treasury Fails

—

📈 Daily Fails — Treasury & Agency · Source: DTCC/FICC ↗

Treasury Fails ($B)

Agency Fails ($M, right axis)

📅 Monthly Avg Treasury Fails

🎉 Top 10 Highest Treasury Fail Days

#	Date	Treasury Fails	Agency Fails

🗃 Full Data Table — 250 Records (Jun 2025 – Jun 2026) ↗ Source: DTCC

Date	Treasury Fails	Agency Fails	Total

Resolution Plans — Comparative Analysis

Latest public submissions filed with the Federal Reserve & FDIC under Dodd-Frank Act §165(d).

Fed Source

Filter:

Columns:

Bank	Submission	Material Entities	Core Business Lines	Geography	Products & Services	PDF
Loading data...

Source: Federal Reserve Board & FDIC. All plans filed under Dodd-Frank Act §165(d). SPOE = Single Point of Entry strategy.

Entries Shown

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2026 market events

SEC

—

United States

CFTC

—

United States

FCA

—

United Kingdom

ESMA

—

European Union

⚖️ Regulatory & Market Events — 2026 Curated from public regulator releases & law firm coverage — see Source column per entry

Date	Regulator	Entity	Amount	Summary	Source

Illustrative selection of publicly reported 2026 events, supplemented by entries Adkrest adds directly. Not an exhaustive or official regulator feed — verify current details via the linked source before relying on any figure.

Research Reports

Capital markets research, thought leadership, and industry analysis published by Adkrest.