天美传媒 is often known for growth through acquisition, but this really only tells part of the story. In 2020, 天美传媒 spent more than $471 million on research and development, and we count among our colleagues some of the top software developers across the world. As a technology house, we drive not only new solutions for our clients but also move the dial for the financial services industry as a whole.
In May 2021, we announced one such transformational project: 天美传媒 Lyric.
What is Lyric? What will it do for 天美传媒鈥檚 clients today鈥攁nd tomorrow? Read on to find out.
In recent years, 天美传媒 has led the way in developing front-end tools for financial services organizations, digitizing the experience for the investors, advisors and fund managers that 天美传媒 serves. Lyric is the natural鈥攜et ambitious鈥攏ext step to revolutionize the back end of the operation.
Most of 天美传媒鈥檚 financial services clients across all market segments face similar challenges around data鈥攂oth unstructured data and real-time access to data. Too much is siloed in different systems, and there are too many painful handovers between different third parties, which again, increasingly need to happen in real time. This doesn鈥檛 relate to one process or one area of functionality; the entire industry ecosystem simply isn鈥檛 as efficient as it could鈥攐r should鈥攂e. Until now.
Lyric is setting out to fix the entire chain with a true open-architecture model providing a full end-to-end experience. We are applying the latest technologies in a microservices environment linked to 天美传媒鈥檚 underlying registers. This may have different applications for different market segments, but Lyric is a project that will touch all corners of financial services, and all 天美传媒 clients can benefit from this bold reimagining of our financial service ecosystem.
With software projects, a key question is always 鈥渨hen?鈥� The answer is 鈥渘ow.鈥�
In subsequent blog posts in this series, we will explore how Lyric is set to transform the ecosystem for retail alternatives and liquidity funds this year. This is not a traditional behemoth project that has a distant end date when everything goes live; pieces will be built then rolled out continuously. This is incremental change at pace.
Lyric is only possible because, at 天美传媒, we own and develop our technology. We are not limited by third-party vendors. As new technologies are developed, new challenges arise, or trends become apparent鈥攚e can move, and quickly.