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Key Technology Drivers and Implications of the Wholesale Payments Technology Markets Assist Vendors in Developing an Effective Value Proposition.


DUBLIN Dublin, city, Republic of Ireland
Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River.
, Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles.  -- Research and Markets (http://www.researchandmarkets.com/reports/c49690) has announced the addition of "The Future of Wholesale Payments Technology (Technology Focus)" to their offering.

Legacy payment systems are still highly prevalent across the banking industry and the need to get rid of these platforms is proving to be the impetus Impetus is a stimulus or impulse, a moving force that sparks momentum.

Impetus may also refer to:
  • Theory of impetus, an obsolete scientific theory on projectile motion, superseded by the modern theory of inertia
 and driver behind change and the need for more innovative solutions in this wholesale banking and payments marketplace. Vendors have also commented that a key source of competition for themselves come from in-house In-house

In the context of general equities, keeping an activity within the firm. For example, rather than go to the marketplace and sell a security for a client to anyone, an attempt is made to find a buyer to complete the transaction with the firm.
 legacy platforms.

Scope of this title:

* Banks need to replace legacy systems by adopting component-based approach.

* Big-bang projects are expensive and deliver slow ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). .

* A component-based approach to re-engineering will deliver faster ROI at lower project risk.

* The message broker offers an alternative to expensive thick-client solutions.

Highlights of this title:

Numerous payment messaging standards and legacy in-house frameworks has led to wholesale customers with multi-banking arrangements maintaining several structures to support financial information flows. The banking industry is collectively looking to standardize stanĀ·dardĀ·ize
v.
1. To cause to conform to a standard.

2. To evaluate by comparing with a standard.
 and re-engineer their payment systems.

Reasons to order your copy:

* Solution providers can improve their understanding of the challenges faced by wholesale payments functions.

* Gain insight into key technology drivers and implications to assist vendors in developing an effective value proposition.

For more information, visit http://www.researchandmarkets.com/reports/c49690

Source: Datamonitor
COPYRIGHT 2007 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2007, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Feb 1, 2007
Words:222
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