It is far too easy in the world of securities finance to face two directions at once, unable to move forward. On the one hand you have those saying: “Securities finance is a relationship business, its simply not possible to automate most of what people do.” And on the other hand, there are the people who believe that: “Robotics, Machine Learning or Distributed Ledger Technology will automate everything.” The problem with both of those views is they have a strong element of truth but neither of them are the whole truth.