This content is from: Portfolio

The 2016 Tech 50: Michael Cooper

BT Radianz’s CTO moves from No. 33 to No. 36 on this year’s ranking.

< The 2016 Tech 5036Michael CooperChief Technology OfficerBT RadianzLast year: 33

In 2005, BT Group paid Reuters Group $175 million to acquire Radianz, which today operates a leading cloud-computing network for the financial services industry. Radianz was providing such utility services back then as well, but it took a few years for “cloud” to catch on as a metaphor and, ultimately, the widely adopted on-demand, pay-as-you-go model that it has become. Although some still debate whether it is safe to store certain corporate “crown jewels” in a shared infrastructure, “by now everyone has at least mentally come over the line,” says Michael Cooper, who became an early Radianz employee in 2001 and since 2010 has been CTO of BT Radianz, which operates within London-based BT’s global banking and financial markets group. The cloud is a clear alternative to “costs of distribution that are never-ending,” Cooper says. Software and other “as-a-service” facilities in the cloud “make more sense.” The 53-year-old points out that Radianz was ahead of its time in another way: as a collaborative community and ecosystem. Connecting thousands of financial market customer endpoints worldwide, the Radianz cloud added 169 customers in the past year and more than 150 new applications from more than 30 providers. “The number of new providers reflects changes in market structure and how they are being operationalized,” Cooper explains. BT’s global reach — and activity in its cloud — yields insight into how financial technologies are evolving. The CTO observes that “in the past 18 months, Singapore has emerged” as a force in fintech innovation, potentially rivaling the U.K. and the U.S. He sees other Asia-Pacific financial capitals — Hong Kong, Shanghai, Sydney, Tokyo — also developing ecosystems capable of “exploiting local advantages.” While exploring some “early use cases” of blockchain, Cooper says, he has become particularly intrigued by virtual identification-security methods known as tokenization. “Identity is an area of considerable interest,” he says. “This technology can facilitate new ways of doing business.”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


 The 2016 Tech 50 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen