13 02 Connecting the business to innovation and bringing startups in-house. Some large investment banks have established on-premises startup accelerator hubs where entrepreneurs work alongside in-house innovation teams and benefit from hands-on mentorship. A chief innovation officer explains that the firm’s innovation and IT teams work hand-in-hand with startups to develop new processes and technology prototypes. A logical extension to this work is bringing these startups into the business units to better connect business lines to the development of technology solutions and services. This would enable firms to benefit from business- and function- specific sandbox capabilities, and reduce hurdles that innovation teams face in convincing the business to engage in transformational activities. 03 Moving beyond cloud computing to ML and analytics tools. A Tier-1 investment bank’s fixed income, currencies, and commodities (FICC) trading IT head indicates that the firm has deployed cloud for its compute- intensive processes, but is now considering extending the environment to support ML for trading data analytics over the next couple of years. The firm is currently in the earliest testing and pilot phases for these capabilities, but the FICC team believes the cloud environment will provide benefits quicker than solely building capabilities and expertise on-premises.