|
|
Wholesale Payment Processing in Banking (Review Report)Published by: Datamonitor Published: Jan. 12, 2007 - 51 Pages Table of ContentsDATAMONITOR VIEW 1 CATALYST 1 SUMMARY 1 METHODOLOGY 2 EXECUTIVE SUMMARY 3 Introduction 3 Current wholesale payments landscape in banking (Market Focus) 3 The changing face of the wholesale payments industry (Strategy Focus) 3 The future of wholesale payments technology in financial markets (Technology Focus) 4 Wholesale payments processing spend by activity for Europe and North America (Databook) 4 Wholesale payments processing spend by European and North American country (Databook) 5 Wholesale payments processing spend by source for Europe and North America (Databook) 5 Wholesale payments processing activity by internal and external spend for Europe and North America (Databook) 5 Summary 9 Payments processing is moving at different speeds in Europe and North America 9 The external environment - clearing and settlement systems in Europe and North America 9 Real-time gross settlement (RTGS) 10 Deferred net settlement systems (DNS) 11 Automated Clearing Houses (ACH) 11 The wholesale payments market is still comprised of highly fragmented systems 11 Domestic payments require the debiting/crediting of accounts in the same currency 12 Cross-border payments are increasingly becoming 'domestic' transactions inside the EU 12 Falling margins and regulations are increasing pressure on banks to improve efficiency 15 Product innovation is critical if banks are to remain competitive 17 Recent and ongoing changes in the external payments infrastructure are creating more opportunity for banks 17 THE CHANGING FACE OF THE WHOLESALE PAYMENTS INDUSTRY (STRATEGY FOCUS) 19 Summary 19 Introduction to the payment processing value chain 19 Cost-cutting remains a key driver for payments re-engineering efforts 21 Wholesale payments risk management remains a key priority for banks 21 Enterprise payments strategies have had limited uptake thus far 22 Customer-centricity is critical for a successful enterprise payments strategy 22 Increasing number of banks will acquire 'payment tzars' in near future 23 Enterprise payments strategists can help banks attain horizontal views across products 23 Uptake of shared service centres is driving the centralization of payments processing 24 The centralization of payments policy and processing will have major implications for stakeholders 25 Banks need a long-term enterprise integration strategy in payments processing 25 Vendors should explore wholesale payments systems risk management solutions 27 THE FUTURE OF WHOLESALE PAYMENTS TECHNOLOGY IN FINANCIAL MARKETS (TECHNOLOGY FOCUS) 29 Summary 29 Banks need to replace legacy systems by adopting component-based approach 29 'Big-bang' projects are expensive and deliver slow ROI 30 A component-based approach to re-engineering will deliver faster ROI at lower project risk 31 The message broker offers an alternative to expensive thick-client solutions 31 Vendors should focus on providing solutions that support gradual replacement projects 32 Vendors need to effectively demonstrate short-term ROI 33 Vendors need to strike the balance between end-to-end and best-of-breed solutions 33 WHOLESALE PAYMENTS PROCESSING SPEND BY ACTIVITY FOR EUROPE AND NORTH AMERICA (DATABOOK) 35 Introduction 35 European wholesale payments processing spend by activity 35 North American wholesale payments processing spend by activity 37 WHOLESALE PAYMENTS PROCESSING SPEND BY EUROPEAN AND NORTH AMERICAN COUNTRY (DATABOOK) 39 Introduction 39 Wholesale payments processing spend by European country 39 Wholesale payments processing spend by North American country 40 WHOLESALE PAYMENTS PROCESSING SPEND BY SOURCE FOR EUROPE AND NORTH AMERICA (DATABOOK) 42 Introduction 42 European wholesale payments processing spend by source 42 Wholesale payments processing spend by source for North America 43 WHOLESALE PAYMENTS PROCESSING ACTIVITY BY INTERNAL AND EXTERNAL SPEND FOR EUROPE AND NORTH AMERICA (DATABOOK) 45 Introduction 45 European wholesale payments processing activity by internal and external spend 45 North American wholesale payments processing activity by internal and external spend 46 APPENDIX 48 Definitions 48 EURO1 48 STEP1 / STEP2 48 SWIFT 48 TARGET / TARGET2 48 TWIST 49 Payment initiation 49 Payment operations 49 Payment engines 49 Gateways / Interfaces 49 Internal 49 External 50 Packaged software 50 Professional services 50 Outsourcing 50 Hardware 50 Systems integration 50 Further reading 51 Ask the analyst 51 List of Tables Table 1: European wholesale payments processing spend by activity 36 Table 2: North America wholesale payments processing spend by activity 37 Table 3: Wholesale payments processing spend by European country 40 Table 4: Wholesale payments processing spend by North American country 41 Table 5: European wholesale payments processing spend by source 43 Table 6: North American wholesale payments processing spend by source 44 Table 7: European wholesale payments processing activity by internal and external spend 46 Table 8: North American wholesale payments processing activity by internal and external spend 47 List of Figures Figure 1: Segmenting wholesale payments processing 12 Figure 2: Fragmentation of processing platforms in banks 14 Figure 3: The payments processing value chain 20 Figure 4: Payments strategy should be at enterprise level 26 Figure 5: Centralization around an integrated hub is a key strategy 27 Figure 6: Replacing legacy systems is seen as key priority for 2006 30 Figure 7: European wholesale payments processing spend by activity 35 Figure 8: European wholesale payments processing spend by activity 36 Figure 9: North America wholesale payments processing spend by activity 37 Figure 10: North American wholesale payments processing spend by activity 38 Figure 11: Wholesale payments processing spend by European country 39 Figure 12: Wholesale payments processing spend by North American country 40 Figure 13: European wholesale payments processing spend by source 42 Figure 14: North American wholesale payments processing spend by source 43 Figure 15: European wholesale payments processing activity by internal and external spend 45 Figure 16: North American wholesale payments processing activity by internal and external spend 46 AbstractIntroductionScope Highlights Reasons to Purchase Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||