NEEDHAM, MA, March 29, 2004 – In just four years, broker/dealer portals have evolved from immature distribution channels to indispensable tools for the delivery of core competencies and new business opportunities. TowerGroup estimates that broker/dealers have already spent $2.5 billion (since 2000) on portal infrastructure and will continue to invest in distributing innovative services through multiple channels.
As buy-side clients seek to rationalize and concentrate the current multitude of desktop applications, the pressure is intensifying to provide services that integrate better into the workflow and make more intelligent use of the information available. Filters, customization, and simple rules alone will not harness the glut of information available. It will require the incorporation of new levels of point-in-time context, analytics, and behavior-based intelligence.
In new research titled, “Raising the Bar: Single-Dealer Portals Morph From Distribution Channels to Innovation Springboards,” Miranda Mizen, a senior analyst in the Securities & Capital Markets practice at TowerGroup, explores the role single-dealer portals play in the delivery of e-processes and how broker/dealers are using them as springboards for innovation.
About TowerGroup: TowerGroup is the leading research and consulting firm focused on the global financial services industry. A respected source for trusted information and advice, TowerGroup brings many of the world�s largest financial services, technology and professional services firms a deeper understanding of the business and technology issues impacting their organizations. Headquartered near Boston in Needham, Massachusetts, and with offices in New York, London, and Kuala Lumpur, TowerGroup serves a global client base. Visit TowerGroup online at www.towergroup.com.