As the custody industry navigates 2025, account opening remains a critical challenge for custodians worldwide. Lengthy timelines, repetitive document submissions, and uncertainty around accessing specific markets create inefficiencies.

Leveraging advancements in technology, particularly AI, the industry is poised for transformation. Sub-custody operations are evolving through digitisation, promising greater transparency, speed, and streamlined processes. Yet, significant limitations remain, requiring collaborative innovation between custodians and technology providers.

By exploring the intersection of emerging technologies and custody services, this discussion sheds light on how custodians can overcome hurdles, adapt to shifting client expectations, and embrace new technologies.