Building a Technology Platform for the "Ultimate Offering" - Retail Banking Technology (Review Report)

Published by: Datamonitor

Published: Aug. 16, 2007 - 63 Pages

Table of Contents

Overview

Catalyst

Summary

Methodology

Executive Summary

Introduction

Emerging Wealth Management Hot Spots - Retail Banking Technology (Market Focus)

Strategies for exploring wealthy markets - Retail Banking Technology (Strategy Focus)

Serving Wealthy Clients - Retail Banking Technology (Technology Focus)

Wealth Management Technology spending (Databook)

Table of Contents

Table of figures

Table of tables

Emerging Wealth Management Hot Spots - Retail Banking Technology (Market Focus)

Summary

Rising numbers of wealthy individuals create hot spots for wealth managers

FSIs are taking the lead position in targeting the mass affluent

Local expertise and relationship based model are causing selective market consolidation

Emerging markets are changing the perception of wealthy markets

Emerging markets will become prime location for wealth managers in the long term

Strategies for exploring wealthy markets - Retail Banking Technology (Strategy Focus)

Summary

Mass affluent wealth management moving up the agenda

Critical business challenges for targeting mass affluent growing market

Industry expansion favors those with existing relationships

Wealth managers must develop new platforms and infrastructure to create an ""ideal"" service model

The ultimate offering model serves as business foundation for creation of optimal wealth management platform

Serving Wealthy Clients - Retail Banking Technology (Technology Focus)

Summary

The Ultimate Offering requires three critical components of underlying technologies

Front and middle office technology becomes a competitive differentiator

Well developed multi-channel features lay a foundation for effective distribution

Data management priorities are shifting to infrastructure and governance

Banks are consolidating their back-office systems across various lines of businesses

Wealth Management Technology spending (Databook))

Introduction

Global Wealth Management Technology spending 2006-2012, by regions ($m), ($

North America Wealth Management Technology spending, 2006-2012, by countries ($m)

North America: Wealth Management Technology spending, 2006-2012, by line of business ($m)

North America: Wealth Management Technology spending, 2006-2012, by activity ($m)

North America: Wealth Management Technology spending, 2006-2012, by source ($m)

Western Europe: Wealth Management Technology spending, 2006-2012, by countries ($m)

Western Europe: Wealth Management Technology spending, 2006-2012, by line of business ($m).

Western Europe: Wealth Management Technology spending, 2006-2012, by activity ($m)

Western Europe: Wealth Management Technology spending, 2006-2012, by source ($m)

CEE: Wealth Management Technology spending, 2006-2012, by countries ($m)

CEE: Wealth Management Technology spending, 2006-2012, by line of business ($m)

CEE: Wealth Management Technology spending, 2006-2012, by activity ($m)

CEE: Wealth Management Technology spending, 2006-2012, by source ($m)

Emerging Economies in APAC: Wealth Management Technology spending, 2006-2012, by countries ($m)

Emerging Economies in APAC: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Emerging Economies in APAC: Wealth Management Technology spending, 2006-2012, by activity ($m)

Emerging Economies in APAC: Wealth Management Technology spending, 2006-2012, by source ($m)

Developed and Newly Industrialized countries in APAC: Wealth Management Technology spending, 2006-2012, by countries ($m)

Developed and Newly Industrialized countries in APAC: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Developed and Newly Industrialized countries in APAC: Wealth Management Technology spending, 2006-2012, by activity ($m)

Developed and Newly Industrialized countries in APAC: Wealth Management Technology spending, 2006-2012, by source ($m)

APPENDIX

Definitions

General definitions

Mass affluent

High net worth (HNW)

Liquid assets

Line of business definitions

Private banking

Retail brokerage

Retail asset management

Financial advisor

Retail/Universal banking

Life and pensions (L&P)

Source definitions

Internal

Hardware

Packaged software

Systems integration

Professional services

Outsourcing

Activity definitions

Management information systems (MIS)

Customer information systems (CIS)

Intermediary integration

Internet and presence technologies

Branch infrastructure and other distribution

Core systems

Portfolio management

Financial planning

Market-facing systems

Other IT

Methodology

Further reading

Ask the analyst

Datamonitor consulting

Disclaimer

List of Tables

Table 1: Global Wealth Management Technology spending, 2006-2012, by regions ($m)

Table 2: North America: Wealth Management Technology spending, 2006-2012, by countries ($m)

Table 3: North America: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Table 4: North America: Wealth Management Technology spending, 2006-2012, by activity ($m)

Table 5: North America: Wealth Management Technology spending, 2006-2012, by source ($m)

Table 6: Western Europe: Wealth Management Technology spending, 2006-2012, by countries ($m)

Table 7: Western Europe: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Table 8: Western Europe: Wealth Management Technology spending, 2006-2012, by activity ($m)

Table 9: Western Europe: Wealth Management Technology spending, 2006-2012, by source ($m)

Table 10: CEE: Wealth Management Technology spending, 2006-2012, by countries ($m)

Table 11: CEE: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Table 12: CEE: Wealth Management Technology spending, 2006-2012, by activity ($m)

Table 13: CEE: Wealth Management Technology spending, 2006-2012, by source ($m)

Table 14: Emerging APAC: Wealth Management Technology spending, 2006-2012, by countries ($m)

Table 15: Emerging APAC: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Table 16: Emerging APAC: Wealth Management Technology spending, 2006-2012, by activity ($m)

Table 17: Emerging APAC: Wealth Management Technology spending, 2006-2012, by source ($m)

Table 18: Developed and NI: Wealth Management Technology spending, 2006-2012, by countries ($m)

Table 19: Developed and NI: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Table 20: Developed and NI: Wealth Management Technology spending, 2006-2012, by activity ($m)

Table 21: Developed and NI: Wealth Management Technology spending, 2006-2012, by source ($m)

List of Figures

Figure 1: Mass Affluent and High Net Worth market sizes

Figure 2: Wealth Management Market Dynamics

Figure 3: Top 10 global private banks by worldwide assets under management 2001-2005

Figure 4: Growth rates for high net worth segment within emerging countries and leading economies

Figure 5: Mass affluent customers require a blend of products, transactions and advice - without paying a premium

Figure 6: What kind of institution is best positioned to provide the next generation of wealth management solutions?

Figure 7: Alternative angles from which wealth managers will explore growth

Figure 8: Wealth management technology architecture overview

Figure 9: The next-generation ""ultimate offering"" desktop

Figure 10: Priorities within data management initiatives amongst wealth managers

Figure 11: Global Wealth Management Technology spending, 2006-2012, by regions ($m)

Figure 12: North America Wealth Management Technology spending, 2006-2012, by countries ($m)

Figure 13: North America: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Figure 14: North America: Wealth Management Technology spending, 2006-2012, by activity ($m)

Figure 15: North America: Wealth Management Technology spending, 2006-2012, by source ($m)

Figure 16: Western Europe: Wealth Management Technology spending, 2006-2012, by countries ($m)

Figure 17: Western Europe: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Figure 18: Western Europe: Wealth Management Technology spending, 2006-2012, by activity ($m)

Figure 19: Western Europe: Wealth Management Technology spending, 2006-2012, by source ($m)

Figure 20: CEE: Wealth Management Technology spending, 2006-2012, by countries ($m)

Figure 21: CEE: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Figure 22: CEE: Wealth Management Technology spending, 2006-2012, by activity ($m)

Figure 23: CEE: Wealth Management Technology spending, 2006-2012, by source ($m)

Figure 24: Emerging APAC: Wealth Management Technology spending, 2006-2012, by countries ($m)

Figure 25: Emerging APAC: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Figure 26: Emerging APAC: Wealth Management Technology spending, 2006-2012, by activity ($m)

Figure 27: Emerging APAC: Wealth Management Technology spending, 2006-2012, by source ($m)

Figure 28: Developed and NI APAC: Wealth Management Technology spending, 2006-2012, by countries ($m)

Figure 29: Developed and NI: Wealth Management Technology spending, 2006-2012, by line of business ($m)

Figure 30: Developed and NI: Wealth Management Technology spending, 2006-2012, by activity ($m)

Figure 31: Developed and NI: Wealth Management Technology spending, 2006-2012, by source ($m)

Abstract

• Covers the European, North American and APAC wealth management IT markets
• Discusses implications and industry dynamics of wealth management technology on financial services institutions

• Gain visibility into the dynamics of the wealth management IT market
• Gain market insight to assist in your strategic planning and go-to-market strategy

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