CityIQ, an advisor to the securities industry, launches a new integration benchmark for asset managers.
“Asset Managers invest significant amounts of resources and budgets to integrate systems, ” says Paul Wiltshire, managing director of CityIQ. “Usually, these costs are generally incorporated within larger projects making it difficult to undertake objective analysis of the benefits of a particular integration approach.
“Until now there have been no generally available benchmarks against which organizations can compare their individual approaches to integration. That changed last year, when CityIQ benchmarked the integration capabilities of a representative group of asset managers”. “Most of the benchmarking services on offer today operate at too high a level to provide genuine insight. For this exercise, the work was done at a very detailed level, using a small set of pre-defined scenarios, relevant to all organisations involved.
“As a result we now have a base set of data that we can use to help organisations in the asset management industry benchmark their integration capabilities.”
D.C.