Aite Group expects capital markets firms to spend US$35 million on mashup technology in 2009.
Boston, MA, December 17, 2008 – A new report from Aite Group, LLC examines the potential for mashups in capital markets. The report covers key trends in capital markets technology initiatives for 2009 and how mashups can support those initiatives. It also profiles four vendors: Connotate, IBM, Serena Software and Salesforce.com.
Advances in Internet technology have enormous potential for helping financial services firms manage their business. One of those technical advances is the mashup, which leverages Web services, Really Simple Syndication (RSS) feeds, blogs, and a myriad of other data sources to essentially link disconnected, yet related data. Although many firms will face budget constraints in 2009, using mashup technology can support many top objectives in risk management, as well as myriad business processes deemed too small for a full-blown technology project. As such, Aite Group expects capital markets firms to spend US$35 million on mashup technology in 2009.
"Mashups hardly qualify as the most relevant technology in capital markets today, but do help firms solve some of the most relevant challenges," says Adam Honoré, senior analyst with Aite Group and author of this report. "As technology budgets decline, mashups may seem like a strange technology subject to explore in the current capital markets environment. If firms consider some of the significant challenges headed the industry's way and frame mashups in the context of how they add value to their business, the time spent exploring may be worth the effort."
This 25-page Impact Report contains 13 figures and three tables. Clients of Aite Group's Wealth Management and Institutional Securities & Investments services can download the report.