European Wealth Management Technology 2002: Industry Report

European Wealth Management Technology 2002

Product Type: Market Research Report
Published by: Datamonitor
Published: December 2002
Product Code: R313-5171

Description

Introduction: 'Wealth Management Technology in Europe' is Datamonitor’s flagship report covering key business and technology developments in the wealth management space. Sizing the market for technology spending across all the major wealth lines of business, the report provides in-depth analysis of current and future trends and opportunities, from affluent services to private banking. Scope: * Based on 150 end-user interviews and 20 in-depth technology vendor interviews, with all interviews conducted at senior management level * Coverage of eight core Western European markets: Benelux, France, Germany, Italy, Nordics, Spain, Switzerland and the UK * Technology spending forecasts to 2005, broken down by country, source, line of business and activity area * In-depth analysis of the private banking, retail brokerage and retail asset management sectors as well as mass affluent wealth services * Competitor profiles of key ISVs in the space; Temenos, Finantix, ERI Bancaire, Odyssey Asset Management Systems and Fincentric. Report Highlights: The last year has undoubtedly been a challenging one for Europe’s wealth management industry, with assets under management and trading volumes coming under severe pressure.The downturn has had a significant negative impact on technology spending in all the traditional wealth management lines of business in 2002, with overall spend declining by 2% from 2001 to $5.1bn.In 2002, ‘mass affluent’ wealth management services are seeing something of a rebirth, rather than the slow death many had predicted. What is emerging now in Europe is a trend towards ‘integrated financial solutions’, revolving around cross-selling banking, saving and investment products wrapped with advice. As a result, mass affluent wealth management, rather than a mere vestige of the dotcom hype, is now emerging from the ashes to redefine the future of retail financial services in Europe.Datamonitor believes that spending by retail banks on wealth management-related initiatives is set to provide some of the biggest vendor opportunities in the wealth technology space going forward. Spend is set to expand at a CAGR of 14.1% from 2002 to 2005; approximately five and a half times faster than technology spend by private banks. This will be driven primarily by advancements in the branch technology space. Reasons to Purchase: * Use Datamonitor's in-depth analysis of end user strategic and technology trends in the wealth space to go to market with confidence * Utilize in-depth analysis of the vendor market to help you assess the competition - and determine how to beat them * Use Datamonitor's forecasts of wealth management technology spending to assess your future market opportunities

Table of Contents

CHAPTER 1 EXECUTIVE SUMMARY

Introduction
2002: mass affluent wealth management rises from the ashes
Line of business issues
Technology issues
Competitive dynamics
The future decoded
Key take-outs

CHAPTER 2 INTRODUCTION

What is this report about?
Who is the target reader?
How to use this report

CHAPTER 3 MARKET CONTEXT

Introduction
Key findings
Strategic issues in European wealth management
2000-2001: wealth management moves from holy grail to poisoned chalice
2002: mass affluent wealth management rises from the ashes
Wealth management line of business issues
Private banking
Retail brokerage
Retail asset management
Technology issues
Front / middle office technology issues
Back office technology issues

CHAPTER 4 COMPETITIVE DYNAMICS

Introduction
Key findings
Market overview
Vendor competitive environment
Vendor profiles
ERI Bancaire
Finantix
Fincentric
Odyssey Asset Management Systems
TEMENOS

CHAPTER 5 THE FUTURE DECODED

Introduction
Key spending trends
Wealth management technology spend by traditional lines of business, 2001-2005
Wealth management technology spending by retail banks and life and pensions
providers, 2002-2005
Private banking
Retail brokerage
Retail asset management
Wealth management core systems spending, 2002-2005

CHAPTER 6 APPENDIX

Definitions
General definitions
Line of business definitions
Source definitions
Activity definitions
Regional definitions
Research methodology
Product and services definitions
Preparation of first draft data
Coverage of secondary and published sources
Primary industry interviews
Forecast methodology
Data finalization, cross-checks and verification
Data inconsistencies
Future readings
SPP writing team
How to contact experts in your industry

Ordering and More Information

Price and Delivery Options

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