23 October 2017
Register now

Western European firms set to increase IT spending on wealth management

11 February 2004  |  2611 views  |  0 Western European firms set to increase IT spending on wealth management

Financial firms in Western Europe will increase IT investment in wealth management in 2004 as they launch new initiatives after the capital market slump, according to research by market intelligence firm IDC.

According to the study, the wealth management business offers new opportunities for vendors due to a more positive market trend, with firms in Spain, Germany, and the UK providing the biggest opportunities.

IDC says investment in CRM, risk management and portfolio management systems will be a priority for financial firms over the coming year. Firms will also invest in software to comply with new regulations related to risk management, anti-money laundering and UCITS funds.

Mirko Corbetta, research analyst with IDC's European vertical markets research group, says: "We are still in the initial phase of this process and only first movers are really committed to exploiting the new opportunities arising from a clearer business environment."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ADP Brokerage and Reuters target wealth management market

ADP Brokerage and Reuters target wealth management market

26 January 2004  |  4749 views  |  0 comments
Wealth Management Software taps smaller users

Wealth Management Software taps smaller users

06 November 2003  |  2864 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comRegister nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
19594 views comments | 29 tweets | 42 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
15237 views comments | 23 tweets | 32 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
10999 views comments | 12 tweets | 23 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
9067 views comments | 14 tweets | 28 linkedin

Featured job

circa £250K total package
London

Find your next job