|
|
Securities processing BPO in EuropeProduct Type: Market Research ReportPublished by: Datamonitor Published: December 2004 Product Code: R313-7952 Description IntroductionThis Brief explores key business and technology drivers in European retail brokerage and private banking, and draws out the implications for the securities processing BPO market. It also discusses the current BPO provider landscape, offers opinion on the future shape of the market and forecasts top-level securities processing BPO spend to 2007. Scope Covers the major western European markets, with specific focus on the UK, Germany, France and Italy. In-depth discussion of BPO provider landscape, including FSI in-sourcers, BPO pure plays and providers from a technology background. Forecasts European securities processing BPO spend to 2007. Highlights The competitive environment in retail brokerage and private banking forces players to focus on the front-office and flex their cost bases in the back-office. As reduction of unit cost becomes key and the polarization between 'asset gatherers' and 'transaction aggregators' in the industry accelerates, self-clearing models in small- and medium-sized brokers and private banks will disappear. Across Europe, Datamonitor identifies three distinct business models in the current provider landscape: FSIs consolidating their position in securities processing BPO; BPO specialists pushing into the space; and Technology vendors who have to hedge their bets as their addressable market of self-clearers shrinks. Reasons to Purchase Gain insight into key business drivers impacting the up-take of securities processing BPO Understand the complex competitive landscape in European securities processing BPO Access opinion about the future shape of the securities processing BPO provider industry Table of Contents TABLE OF CONTENTSABOUT DATAMONITOR 2 KEY TAKE-OUTS 4 Three key things you need to know about securities processing BPO in Europe 4 JUSTIFICATION 6 Key business and operational drivers in retail brokerage and private banking 6 The competitive environment in retail brokerage forces players to focus on the front-office: customer relationships, segmentation and intelligent pricing 6 Securities operations have to flex their cost-bases to survive in a cyclical retail market 8 Implications for securities processing BPO market 8 As reduction of unit cost becomes key, the securities industry re-organizes itself into transaction aggregators and asset gatherers 8 In the long-term, self-clearing in small- and medium-sized brokers and banks will disappear, with BPO providers succeeding in their efforts to reduce barriers to outsourcing 10 Varying business models in the European securities processing outsourcer market 12 UK - dominated by a US-style correspondent clearer market 12 Germany - an established group of transaction banks, bringing in technology and BPO vendors through partnerships 13 France - a mature securities processing BPO market dominated by FSIs 14 Italy - still relatively untouched by securities processing BPO 14 Conclusion - who will be the leaders in European securities processing BPO? 14 |
|
||||||||
MindBranch has been the leading provider of industry and investment research from more than 550 independent research firms since 1992. With over 90,000 market research reports, MindBranch is your trusted source of competitive business intelligence. |