Online Research - Wealth Management Systems Market Report

This new online market report focuses on core systems for wealth management. It has come about because we felt the need to better address this interesting part of the market. Previously, a number of the private banking systems were residing in our Retail Banking Systems Market Report, but we felt there was a strong argument for a dedicated publication. This would allow us to cover a number of other wealth management systems as well as provide commentary that was tailored specifically for this sector. Oracle FSS and Temenos with Flexcube and T24 respectively appear in both, albeit with slightly tailored entries for each, because their systems can be taken specifically for private banking (as well as for a broader remit, of course).

The report takes a relatively broad definition of wealth management, so includes traditional private banking systems as well as others for retail and institutional asset and investment management. However, all must cover the core processing aspect (so we do not include specialist systems such as those for portfolio management) and all must be sold on an international basis (so we do not include domestic systems). The selection of systems to appear in this report is entirely our own. We will always consider new systems for inclusion but they have to meet our criteria.

For all of the entries, it should be clear that the words are entirely our own and we have sought to gain not only briefings from the suppliers but also feedback from customers. So the report is not compiled by listening to the suppliers and taking down what they say; each entry is built up by talking to the users (happy or otherwise) and gathering intelligence from other sources, to try to give as rounded a picture as possible. 

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Included to the right are example extracts of the charts, graphs and user listings you will find within the Wealth Management Systems Market Report. You can also read a sample supplier profile free online by registering on our website (which is also free and only takes a minute). See below for more details.

A main area where we do have to rely on the suppliers for details is functionality. We are not in a position to verify all of their claims, although we will always point out flaws or gaps where we find them and we seek to back up the claims by talking to users. It becomes a particular challenge where a supplier announces new functionality because, even if it can demo this, the real test only comes when a first bank tries to implement it.

The second cautionary word that is always needed with our Market Reports is around user lists. We send these to the suppliers each year for updating. Some of them diligently add, delete and change where appropriate, some do not, no matter how much we try to persuade them. We will always make amendments where we come across them, adding new names as banks sign, but it is a lot harder to keep track of the deletions from the user lists, whether because systems have been replaced or due to bank closures, mergers etc. Help and feedback here (and on anything else) is always gratefully received. 

The numbers given for total users are based on known names. These can be supplied by the vendor on an off-the-record basis if necessary but we do not accept numbers from suppliers without the underlying evidence.

The aim is to provide a detailed analysis of the leading wealth management core system suppliers and their offerings, to provide a basis for banks selecting systems and for anyone else with an interest in this sector. It sits alongside and complements the Retail Banking Systems Market Report and the Treasury & Capital Markets Systems Market Report.

A much wider array of processing systems, including niche ones for areas such as securities, lending, and trade finance, as well as the broader offerings, are covered in our Back Office Systems & Suppliers (BOSS) Guide Online.

Featured suppliers and systems:

1. 3i Infotech - RhymeSight/C-Matis
2. Avaloq - Avaloq Banking System
3. Bravura Solutions - Garradin
4. Die Software - OBS
5. DST Global Solutions - HiPortfolio/3
6. ERI - Olympic
7. Finnova AG - Finnova
8. International Private Banking Systems - IPBS Banking
9. Mimics Inc. - Mimics
10. Oracle FSS - Flexcube
11. Sage SA - Prospero
12. Simcorp - Simcorp Dimension 
13. Sungard - Apsys/Ambit Private Banking
14. TCS Financial Solutions - Bancs Universal
15. Temenos - T24

Online research format with unlimited print

In a rapidly developing market, change happens on a daily basis, so it is vital that our customers have the most up-to-date research at their fingertips. Unlike print and PDF materials, which remain static, our online format provides updated content, including refreshed user lists, supplier and system data, responding to every major development when it occurs.

• Online access for 1 year with regular updates - customers are notified by email which chapters/lists/graphs have been updated
• Clear navigation - move between supplier profiles with one click
• Keyword search - across the entire report and within a chapter
• Print and copy - ideal for offline use (source must be attributed)
• Multiple-user access packages available - contact us with your requirements.

Register free >> to read a sample supplier profile for Sage SA: Prospero >> (simply login if you are already registered)
More information and to subscribe online - including regular updates >> or call +44(0)1303 262 636 or email publications@ibsintelligence.com

Martin Whybrow, Editor