Platform

Definition

Platform denotes a business processing capability embedded in an information technology system and its surrounding management.

In a financial services context, a platform provides the infrastructure and rules for a marketplace. It is owned by a proprietor. It has a provider which provides an information and communication technology solution and its surrounding management, bringing together producers and pur chasers. The participants in a platform ecosystem, such as the producers or the purchasers, may shift rapidly over time from one role to another.