Consultants Celent have published a new research report comparing treasury systems. It predicts that European spending on treasury systems will surpass Euros 500 million by the end of 2004.
In the report, “Treasury Management Systems at European Banks,” Celent examines the treasury management market in Europe and profiles and compares ten vendors of this technology: Reuters, Trema, Misys, SunGard Treasury Systems, Wall Street Systems, Calypso, Infosys, Financial Objects, FNX, and Polaris.
The report suggests that the European market for vendor-provided treasury management solutions is evolving as banks are under pressure to control costs and meet new regulatory requirements, and that more and more banks are considering outsourcing these solutions in order to reduce time to market and increase operational efficiency. “A few dominant solutions have emerged, but the market is promising for new entrants,” says Isabella Fonseca , author of the report. “Costs, open architecture, compliance with local market requirements, product coverage, and integration with existing systems will be important factors for banks choosing vendor-provided solutions.” This 52-page report contains 6 figures and 21 tables.