Capital Markets Business Process Transformation 2026 RadarView™

September, 2026

This RadarView™ provides a holistic view of the leading service providers offering capital markets process transformation services. It begins by summarizing key trends shaping the market’s supply side and continues with a detailed assessment of 18 service providers. Each profile presents an overview of the service provider, its key IP assets, a list of clients and partnerships, and brief client case studies. Each profile concludes with analyst insights on the provider’s practice maturity and future-proofing.

Why read this RadarView?

Client expectations in capital markets are shifting from cost-driven outsourcing to platform-led, outcome-based managed services as settlement cycles compress, trading moves toward always-on and tokenized markets, and control functions such as KYC and reconciliations demand real-time accuracy rather than batch processing. Buyers now expect partners who run governed, auditable AI workflows across the trade life cycle, absorbing the servicing load from private fund growth and generational wealth transfer while staying ahead of regulatory scrutiny. In response, providers are embedding agentic AI into post-trade operations, building platform-anchored delivery models for always-on markets, and shifting toward transaction- and outcome-linked pricing.

The Capital Markets Business Process Transformation 2026 RadarView™ highlights key supply-side trends in this space and Avasant’s viewpoint on them. It aids companies in identifying top service providers to assist them in the capital markets process transformation. It also analyzes each service provider’s capabilities in technology and delivery support, enabling organizations to select the right strategic partners for their capital market processes.

Featured providers

This RadarView includes a detailed analysis of the following capital markets process transformation service providers: Accenture, Acuity Analytics, Avaloq, Broadridge, Capgemini, Coforge, Cognizant, Delta Capita, DXC Technology, eClerx, Genpact, HCLTech, Infosys, Mphasis, Murex, SS&C Technologies, TCS, and Wipro.

Methodology

Our evaluation of service providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, and Avasant’s ongoing market interactions. The assessment is across the two dimensions of practice maturity and future-proofing, leading to our recognition of service providers that have brought the most value to the market over the past 12 months.

Table of contents

About the report (Page 3)

Executive summary (Pages 6–11)

    • Definition and scope of capital markets business process transformation
    • Avasant recognizes 18 top-tier providers offering capital markets business process transformation services.
    • Provider comparison
    • Tech pioneer comparison

Supply-side trends (Pages 12–16)

    • Client mix is consolidating toward larger enterprises, while revenue stays concentrated in mature Western markets.
    • Providers are anchoring on time-based models for complex work, while pivoting sharply toward transaction-based pricing for scalable, high-volume operations.
    • Revenue is rebalancing toward the buy side as asset and wealth management gain share, while the sell side and infrastructure services soften.
    • Service providers plan to grow inorganically, looking to scale quickly as volumes shoot up.

Service provider profiles (Pages 17–50)

    • Detailed profiles for Accenture, Acuity Analytics, Avaloq, Broadridge, Capgemini, Coforge, Cognizant, Delta Capita, DXC Technology, eClerx, Genpact, HCLTech, Infosys, Mphasis, Murex, SS&C Technologies, TCS, and Wipro.

Appendix (Pages 51–56)

    • RadarView assessment
    • Research methodology and coverage
    • Interpretation of classification

Key contacts (Page 55)


Read the Research Byte based on this report. Please refer to Avasant’s Capital Markets Business Process Transformation 2026 Market Insights™ for the state of the market.

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DISCLAIMER:

Avasant’s research and other publications are based on information from the best available sources and Avasant’s independent assessment and analysis at the time of publication. Avasant takes no responsibility and assumes no liability for any error/omission or the accuracy of information contained in its research publications. Avasant does not endorse any provider, product or service described in its RadarView™ publications or any other research publications that it makes available to its users, and does not advise users to select only those providers recognized in these publications. Avasant disclaims all warranties, expressed or implied, including any warranties of merchantability or fitness for a particular purpose. None of the graphics, descriptions, research, excerpts, samples or any other content provided in the report(s) or any of its research publications may be reprinted, reproduced, redistributed or used for any external commercial purpose without prior permission from Avasant, LLC. All rights are reserved by Avasant, LLC.

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