TLDR: Most capital markets professionals in the US, UK, and Europe want to consolidate their communications channels into a single platform. This would simplify correspondence, minimize security risks, and ensure regulatory compliance. Currently, professionals rely on multiple tools such as telephone calls, email, text, WhatsApp, and more. Technology providers have created products to resolve the issues caused by the many communications channels. Federation allows for the aggregation of existing channels while providing secure, compliant communication through a single platform. Adoption rates for a federated platform vary across industries and geographies.
Finance craves consolidated comms channels
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