Financial Insights Delivers North American Capital Markets IT Spending Guide
FRAMINGHAM, MA – JUNE 14, 2006 – Global independent research and advisory firm Financial Insights, an IDC company, today announced the availability of an influential interactive tool that provides 5 year spending forecasts dynamically viewed across any of four dimensions – line of business, type of spend, size, and type of institution. As a result of intensive research on IT technology investments across the North American capital markets, Financial Insights predicts overall spending will approach the $40 billion threshold in 2006, and that internal spending and services will be the largest components of that spend.
Financial institutions and vendors alike may now obtain very specific data related to retail and institutional broker-dealers, investment managers, and trading functions at banks, and their allocation of IT dollars. This comprehensive data set is coupled with a taxonomy framework of the capital markets that will assist financial services providers with categorization and function solution definitions.
Development of this tool has been a multi-year effort for Financial Insights, and is the result of extensive interviews with financial institution executives and ongoing analysis by the Financial Insights senior analyst teams. In addition, the spending numbers and growth rates may be extracted and used internally to assist with strategic planning and market sizing exercises. This extracted data may be segmented across 50 functional/solution categories, and by type of IT spend, tier, and institution type.
Consistent with the Financial Insights capital markets taxonomy framework, the North American Capital Markets IT Spending Guide profiles spending patterns across the following functional areas:
— Brokerage Trading Front Office
— Securities Middle/Back Office
— Retail Investing Front Office
— Investment Management Front Office
— Investment Management Operations
— Business Infrastructure
— Industry Infrastructure
According to Jin-Chul (Gene) Kim, consulting manager in the Capital Markets & Risk Management group, "The overview and detail views available through this tool provide a unique capability to understand spending patterns across the capital markets in North America. Our clients will now be able to access spending forecast data as they need it, with the level of detail and specificity that they require."
Financial Insights provides several interactive spending guides covering a variety of markets and regions including: Latin America Financial Services (Brazil, Mexico, Argentina, Peru, Chile, Columbia and Venezuela), U.S. Banking, and U.S. Insurance, with more to follow this year.
Financial Insights will be demonstrating this interactive tool at the SIA Technology Management Conference in New York City, June 20 – 22. For information on scheduling an analyst briefing or obtaining additional information on this special report, please contact: email@example.com.
About Financial Insights, an IDC Company
Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company.
For more information visit: http://www.financial-insights.com.