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eAdvice in EuropeProduct Type: Market Research ReportPublished by: Datamonitor Published: October 2001 Product Code: R313-9089 Description Hot on the heels of Open Finance and Account Aggregation, until recently eAdvice has been positioned as the crowning glory of eFinance applications. Indeed, as self-directed investors seek to navigate rough waters during the current downturn in the financial markets, the business case for eAdvice only seems to have been reinforced. However, nascent technology, a squeeze on new Internet investment, unproven ROI and a vendor market populated almost entirely by start-ups all mean that the momentum that has built up behind online advice is in danger of ebbing away. This brief analyses the business case for eAdvice, the development of eAdvice technology and the future outlook for eAdvice investment. The main focus of this brief is on the European market, although many of the points contained within the analysis are equally relevant to the US market.Table of Contents ABOUT DATAMONITOR ACTION POINTS Outline of the brief Four key things you need to know about eAdvice in Europe Vendors and banks must develop multi-channel eAdvice solutions that allow collaboration between advisors and customers eAdvice vendors must build tight partnerships with eBanking vendors, positioning eAdvice as the pinnacle of an integrated eBanking application stack Established eBanking and financial services technology vendors should be on the look out for bargains amongst eAdvice vendors as the downturn bites JUSTIFICATION Introduction The business case for eAdvice - the 'holy grail' of eFS applications eAdvice target markets Barriers to eAdvice THE FUTURE DECODED Will we see online advice in Europe? The fundamental eAdvice value creation story remains strong eAdvice must become part of a fully integrated eFS application stack Established eBanking/eWealth Vendors are critical to the development of eAdvice APPENDIX (c) Datamonitor 2001. All Rights Reserved. |
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