Market Research

Celent Puts Wealth Management, Banking Tech Vendors Under The Microscope

Tom Burroughes Group Editor London 6 September 2013


Celent, the consultant and research firm, is putting banking
technology – with a wealth management twist – under the microscope in two
reports for the European industry.

The reports are titled European
Wealth Management Technology Vendors: Evaluating Front Office Platform Vendors
;European Wealth
Management Technology Vendors: Evaluating Front to Back Office Vendors
and European Wealth Management Technology
Vendors: Evaluating Core Banking Vendors

As Celent says, front-office components support
the advisory process, from acquisition to ongoing maintenance and retention, in
a single workflow. Wealth managers are making heavy investments in their front
office capabilities.

The report that is called European Wealth Management Technology Vendors: Evaluating Front Office
Platform Vendors
, examines the leading European vendors of front office
platforms. The following vendors are included: Atos, Finantix, New Access,
OpenFinance, Prometeia, TechRules, and Temenos (WealthManager).

“Given the crowded European technology marketplace, it is
vital to create and emphasise differentiators,” Alexander Camargo, analyst with
Celent’s Securities & Investments Group,” said.

“Vendors who remain flexible enough to adjust between
discretionary and non-discretionary investment services, and those who
emphasize the modularity of their front office tools, will win new clients and
retain existing ones,” Camargo said.

This report features a detailed profile for each wealth
management platform vendor, identifying strengths and weaknesses. Also included
is a vendor comparison section, which evaluates each solution’s features and
functionalities and compares vendors based on various functionalities. Celent
provides an ABCD Vendor View, which shows at a glance the relative position of
vendors in the following categories: Advanced Technology, Breadth of
Functionality, Customer Base (number of clients), and Depth of Client Services
on two separate X/Y scales. The last section includes Celent’s considerations
of where the market is headed.


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