Banks forecast strong growth in outsourced transaction processing
16 May 2003 | 3754 views | 0
Global banks forecast strong growth in the outsourcing of transaction processing in securities and FX over the next two years.
The latest research from SunGard eProcess Intelligence, conducted among the top 500 banks in April, indicates that 46% of transactions processed are already outsourced. Over the next two years, growth in outsourcing, or white labelling, is expected to remain strong, rising to almost 68% of transactions processed by early 2005
Securities transaction processing, traditionally regarded as a less mature white labelling market than FX, appears to have quietly caught up, with little gap between the two, suggests the vendor. However, anecdotal feedback shows that levels of possible automation in securities transaction processing still lag behind FX, owing mainly to less mature market standards.