Reportlinker Adds 2010 Trends to Watch: Financial Markets Technology

NEW YORK, Jan. 12 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

2010 Trends to Watch: Financial Markets Technology

http://www.reportlinker.com/p0171889/2010-Trends-to-Watch-Financial-Markets-Technology.html

Introduction

In collaboration with analysts from The Financial Services business unit, in this brief Ovum's Financial Services Technology team outlines the key changes in the financial markets industry, explains which trends will have the biggest impact, and analyses the implications and opportunities of these developments for both institutions and providers of technologies and services.

Scope

*This brief outlines business issues and technology enablers that are expected to affect the financial markets industry during 2010.

*The report covers developments in North America and Europe.

Highlights

Despite the continuing drag of loan write-downs, the profitability of the financial markets industry will move back into black for most institutions in 2010. This is setting a more positive approach to investment, although most strategies will focus on tactical growth opportunities, and cost management remains the ongoing order of the day.

Technology budgets will be realigned to support these requirements; however, the bulk of CIO objectives in this sector will be around supporting cost optimisation to drive operational leverage

Reasons to Purchase

*Understand the key operational trends to watch during 2010.

*Gain insight into the technologies that institutions must either invest in or extract more value from in the post-financial crisis world.

Overview 2

CATALYST 2

SUMMARY 2

OVUM VIEW 3

analysis 4

BUSINESS TRENDS AND TECHNOLOGY ENABLERS 5

REGULATORS WILL REQUIRE BANKS TO CONCENTRATE ON TRANSPARENCY AND RISK 5

Transparency, frequency and action will be the focus of developments in risk reporting 6

Liquidity and counter-party risk have become central regulatory objectives 7

Risk management will extend from reporting to governance, incentives and operations 8

TRANSACTION BANKING WILL ENJOY A RENAISSANCE, AND WILL NEED TO OFFER PRODUCT AND DELIVERY INNOVATION 9

Corporate treasury demand for liquidity management will spur innovation in cash pooling and receivables services 9

Banks will direct investment to online portals, with a focus on usability, automation and bank account management 10

WEALTH MANAGEMENT WILL REMAIN STRATEGIC, ALTHOUGH THE OFFSHORE SECTOR WILL STRUGGLE 11

The wealth management landscape will change, with mid-tier players set to benefit from the turmoil 11

The offshore wealth management market will struggle in 2010 as secrecy benefits recede 12

ACTIONS 14

TECHNOLOGY RECOMMENDATIONS FOR INSTITUTIONS IN THE FINANCIAL MARKETS SECTOR 14

Control and flexibility of business processes will require the move to a central BPM approach 14

Cost management tactics need to tackle application as well as infrastructure consolidation 14

IT investment needs to cover front office to support relationship managers, as well as online 15

RECOMMENDATIONS FOR PROVIDERS OF TECHNOLOGIES AND SERVICES 15

Vendors need to highlight architecture and technology strength in addition to functionality 15

An upturn in IT spending is not expected until 2011; vendors need to spread out costs 16

Asia Pacific will have more influence on decision-making, with Hong Kong and Singapore key hubs 16

APPENDIX 17

DEFINITIONS 17

METHODOLOGY 17

FURTHER READING 17

LEAD AUTHOR 17

CONTRIBUTING AUTHORS 17

OVUM CONSULTING 18

DISCLAIMER 18

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IT Services Industry: 2010 Trends to Watch: Financial Markets Technology

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