Deal Trends in the European Wealth Management Front-To-Back Office Platform Market: 2016 Edition
Abstract
Celent has released a new report titled Deal Trends in the European Wealth Management Front-To-Back Office Platform Market: 2016 Edition. The report was written by Ashley Globerman, an analyst in Celent’s Insurance practice.
Front-to-back office vendors provide a true front-to-back office platform and a single infrastructure for the wealth manager. These vendors frequently have come to be front-to-back providers via acquisition. As such, integrating their various components is a priority. These platforms have an open architecture so that wealth managers can integrate legacy and other third party systems on top of the platform. Like the front office players, these systems are modular, with the ability to implement only the front office, or only the middle and back office, or only specific components.
Celent published an update in Q3 2016 to its 2013 European wealth management front-to-back office platform vendor report in which 13 vendors were profiled. Eleven of these 13, plus two new vendors, are profiled in Celent’s 2016 report, European Wealth Management Technology Vendors: Evaluating Front-to-Back Office Platform Vendors. This study uses the Celent ABCD Vendor View, which shows at a glance the relative position of vendors in the following categories: Advanced Technology, Breadth of Functionality, Customer Base (number of clients), and Depth of Client Services on two separate X/Y scales.
The data-gathering process provided considerable insight into the European front-to-back office platform market, as well as data on deals in the previous years for the regions. This report provides a view of market and deal trends in Europe for wealth management front-to-back office platforms.
Celent believes that the information on the requests for information (RFIs) from vendors provides an adequate basis for the analysis in this report. However, not all vendors of front office platforms completed RFIs for both reports. Some vendors provided data for one report, but not both. And some vendors known to be active in the market did not complete RFIs. Lastly, this report contains various estimates and projections by Celent. Consequently the data must be interpreted with caution.