www.aitegroup.com New Research from Aite Group http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=889 The retail banking and payments space will be impacted by technology innovation as well as economic, regulatory, and political conditions. 1/19/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=890 In 2012, the wealth management industry will be occupied with business model changes, profitability pressures, changing investor requirements, and more. 1/19/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=891 For the insurance industry, 2012 promises to be a year full of challenge and promise; much will hinge on macro-political and -economic developments. 1/19/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=892 Well-positioned for growth during 2012, wholesale banking is likely to enjoy an increase in IT investment dollars compared to recent years. 1/19/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=893 For 2012, regulation—specifically in the derivatives space—will continue to significantly affect the institutional securities & investments industry. 1/19/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=885 Aite Group provides financial institutions with a digital marketing maturity model to assess their digital marketing capabilities and to create a roadmap for improvement. 1/11/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=886 As the healthcare industry shifts the cost of healthcare more squarely onto the consumer, it is vital that industry stakeholders understand consumer sentiments. 1/11/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=887 To succeed, auto insurers must adjust to the constantly connected, highly informed, “new consumer.” 1/11/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=888 For life insurers, consumers who have never met with a salesperson represent a significant target. 1/11/2012 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=883 Despite small-business customers’ demand for business online-banking functionalities, most banks serve the small-business segment via retail online platforms. 12/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=884 Advisors are seeing limited or diminished returns from their use of social media, but most have unrealistic expectations or fail to use it correctly. 12/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=882 Evolving treasury management systems will soon provide increased business-decision-making functionality. 12/12/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=880 Mexican capital markets operate under unique regulations that foster transparency, support competition, and welcome international investment. 12/9/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=881 Commodity- and currency-based ETFs are growing in popularity despite challenges unique to these types of ETFs. 12/9/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=878 A number of factors have led to industry-transforming mergers and acquisitions in the P&C insurance marketplace. 11/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=879 Mobile fraud will increase alongside mobile banking adoption, and financial institutions should have tools in place before issues arise. 11/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=877 Buy-side firms are contending with rising demand for performance-related information across the full range of investment strategies and instruments. 11/29/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=875 Despite the Dodd-Frank Act’s best intentions, a number of hurdles remain around the implementation of swap execution facilities. 11/29/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=876 TCA’s value to trading firms continues to expand due to increasing market fragmentation, technological advances, and evolving regulation. 11/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=873 Annuities STP will help distributors and manufacturers sell annuities to retiring baby boomers, but the road to its realization is proving rocky. 11/22/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=874 As a retiring population’s wealth management goals shift from accumulation to decumulation, the wealth management industry is struggling to catch up. 11/22/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=871 In order to succeed, financial institutions must view mobile as a unique channel whose value proposition differs from that of online banking. 11/17/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=872 For community banks, improving small-business customers’ loan-application experience has become a key focus. 11/17/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=870 Over the past five years, CEP has transformed from an emerging technology to an indispensable platform within many capital markets core infrastructures. 11/16/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=868 Only a handful of banks around the globe currently offer mobile-banking capabilities to corporate treasurers, but many have plans to do so. 11/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=869 Prepaid card users do not fit a preconceived mold, and different marketing campaigns will appeal to different types of prepaid card users 11/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=867 Many companies support the payments industry, and their capabilities and functionalities are as varied as the needs of payment initiators. 11/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=866 Market competition will heat up as terminal manufacturers and payment gateways take a provider-agnostic approach to digital-wallet capabilities. 11/10/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=865 Among other habits common to high-performing banks, members of this segment invested in IT during the economic downturn. 11/8/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=863 Despite high RDC adoption by banks, end-user adoption, especially among small-business customers, remains extremely low. 11/3/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=864 Advisors seek greater control over their clients’ assets and favor the Rep-as-Portfolio-Manager approach over other fee-based asset-management styles. 11/3/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=862 Low customer awareness and a lack of clear incentives have resulted in lackluster customer engagement in U.S. prevention and wellness programs. 11/1/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=860 Early effects of technological investment efforts can be seen in increased high frequency participation. 10/27/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=861 Financial institutions’ fraud-prevention capabilities are increasingly becoming a competitive differentiator. 10/27/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=859 IT solutions can help corporate decision-makers and bank product managers seeking to better manage supply chain finance. 10/25/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=857 The existence of multiple clearing venues across the European region has led to frustration and market inefficiencies; despite this, the promise of interoperability exists. 10/20/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=858 Sibos 2011 was marked by a pervasive spirit of getting back to basics. 10/20/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=855 Social media has tremendous potential within the P&C industry—particularly among millennials—but many carriers and agencies are ill prepared for the challenges and opportunities it presents. 10/18/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=856 Before they can properly market their product, issuers of prepaid cards must overcome low prepaid-card awareness among overdrafters. 10/18/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=853 Rule 15c3-5 takes common-sense steps toward avoiding a future flash crash, but fails to apply to all trading markets. 10/13/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=854 Financial advisors on the go need mobile access to client and prospect data, market information, and portfolio and performance details. 10/13/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=852 For healthcare providers, the ACO model presents strengths and weaknesses, opportunities and threats. 10/11/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=851 As OMS and EMS vendors are challenged to increase platform functionality in an environment of downward pricing pressure, understanding the buy-side’s needs is vital. 10/6/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=849 To meet the demands of a retiring population, insurer-affiliated advisors will require improved tools to offer top-flight service. 10/4/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=850 Used correctly, pricing and billing functions can transcend operational functionality to become a marketing and sales tool and a means to improve bank profitability. 10/4/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=847 Banks will find value in going beyond the treasury function to serve corporate clients in areas such as payables and disbursements. 9/29/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=848 Fixed income securitized products present unique challenges that require specific understanding on the part of investors and traders alike. 9/29/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=845 Reactionary regulation to perceived market crises will only serve to hinder market functionality. 9/27/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=846 While the U.S. prepaid market for GPR and payroll cards remains robust, rapid evolution suggests a very different marketplace in five years’ time. 9/27/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=844 Cybercriminals are actively targeting the financial value chain, and financial institutions are feeling the pain—particularly on the commercial side. 9/22/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=841 Banks that rely on homegrown software are often more satisfied with their technology capabilities than are vendor-dependent banks. 9/20/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=842 Hedge funds will grow in years to come while focusing on regulatory compliance and new reporting requirements. 9/20/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=838 The merchant acquiring industry is expected to benefit from increased margins due to the Durbin Amendment, but only for a short time. 9/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=839 Form 1099-K is causing headaches for the merchant acquiring industry, but presents opportunities to increase revenue. 9/15/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=836 Aite Group expects FX algorithms to account for more than 25% of FX trade volume by the end of 2014. 9/13/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=837 Community banks find it difficult to capitalize on small-business customers, but the benefits justify the costs of a well-executed strategy. 9/13/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=833 The NFC-enabled point of sale is ready to explode in the United States; payments firms that are not properly prepared will suffer. 9/8/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=834 Banks are focused on delivering organic growth through cross-selling, but many successful bank financial advisors have not bought into the benefits of working with internal partners to deliver the capabilities of the bank. 9/8/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=832 Maurice Greenberg shares his thoughts on major issues impacting the insurance industry. 9/6/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=831 High-yield checking accounts have a bright future in the lineup of banks’ checking account offerings. 9/1/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=830 Health plans will soon be required to provide rebates to plan participants—rebates that few are prepared to calculate and issue. 8/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=829 Banks and credit unions could face serious consequences without Fannie and Freddie, and should do everything in their power to help resolve the nation’s mortgage crisis. 8/25/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=828 Predictive analytics can significantly improve the claims process and overall business results for P&C insurance carriers. 8/24/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=827 Enhanced technology will play a critical role in U.S. community bank recovery; fortunately, IT budgets are up from 2010. 8/16/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=826 Bank ATM executives must focus on creating a differentiated ATM experience through customer personalization and advanced features. 8/11/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=825 Merchant acquirers must readjust their models to account for VARs’ and ISVs’ increasing influence in merchant acquiring. 8/9/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=824 Given their large books of business, heavy workloads, and anticipated rise in AUM income fees, insurance-affiliated advisors favor the use of technology. 8/4/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=823 Corporate treasurers throughout Africa require IT solutions that support the execution of cash management and trade finance. 8/2/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=820 Benchmark and index data is instrumental to asset management organizations seeking to capture assets and launch new products, but inefficiencies abound. 7/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=818 2010 performance varied across the wealth management industry—while wirehouse firm assets remained below their 2007 mark, other industry segments surpassed pre-crisis levels and gained market share. 7/26/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=819 FX social-investing networks could delegate brokerage services to a secondary status if traditional FX brokers do not climb on the bandwagon. 7/26/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=817 Commission management has become routine among large asset management firms, but has a long way to go with smaller and regional firms and in various markets across the globe. 7/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=816 As demand for additional functionality grows, spending on reconciliation solutions will increase on a global basis, reaching US$520 million annually by 2014. 7/19/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=815 Consumer money transfers are on the rebound, but the days of double-digit growth are over. 7/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=814 After years of uncertainty, the payments industry is confident that EMV will be adopted in the United States. 7/13/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=813 The Federal Reserve has interpreted the Durbin Amendment, and the U.S. payments industry must now scramble to comply. 7/11/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=812 Wealth management firms that lack control of client onboarding processes risk increased client attrition, missed growth opportunities, and regulatory peril. 7/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=811 Claims management systems have evolved and become must-have tools for P&C insurance carriers. 7/5/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=809 Most current prepaid debit cardholders are satisfied with prepaid cards, but satisfaction levels must be maintained for card issuers to remain successful. 6/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=810 Aite Group expects that U.S. patient-to-provider payments will balloon to an estimated US$381 billion by year-end 2014, presenting opportunities for technology vendors to reap the benefits. 6/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=807 Across financial institutions in North America, Europe, and the Asia-Pacific, IT budgets in 2011 are up or holding steady; how this money will be spent varies from region to region. 6/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=808 The ranks of firms offering retail FX are set to grow as more U.S. securities firms and banks tap the white-label services of established FX brokers. 6/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=806 The exchange landscape for interest rate futures is changing dramatically as exchanges launch new products and a new entrant emerges. 6/23/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=805 Merchant funded incentives programs are gaining traction in the market and creating new revenue opportunities for issuers of all card types. 6/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=804 As AML spending increases, some financial institutions have to varying degrees been experimenting with integrating fraud prevention and AML functions. 6/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=803 When it comes to trade finance tools, a gap exists between corporate demand and bank offerings. 6/9/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=801 While financial advisors are mostly satisfied with their current employers, many may consider breaking away as retention packages become less effective. 6/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=799 While stigma and misunderstanding surround the use of alternative financial services in the United States, users of these services don’t fit preconceived molds. 6/2/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=800 While the U.S. residential mortgage market will eventually recover along with the economy overall, its securitization path will be less than smooth. 6/2/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=798 As a result of increasing regulation and new technology, AML software sales have been growing at a healthy pace—one that will continue for the next few years. 5/31/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=797 As the merchant acquiring industry rebounds, industry executives seek to competitively position themselves in the years to come. 5/26/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=795 Credit unions view winning the small-business segment as both critical and feasible. 5/19/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=794 The diverse world of retail FX requires that vendors be able to craft compelling messages tailored to specific geographies and unique demographic traits. 5/17/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=792 While large banks around the world continue to differ in their overall attitudes toward IT outsourcing, buy vs. build, and Software as a Service, their comfort with IT outsourcing is growing. 5/12/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=793 The Canadian equities market has evolved dramatically over the last few years, and coming years will see increasing market fragmentation, electronic trading adoption, and regulation. 5/12/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=790 While increased market regulation is necessary, too much regulation could adversely impact the retail investor, say asset managers. 5/10/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=789 MILA is primed to be the second-largest market in Latin America, with a combined market capitalization of US$654 billion. 5/5/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=787 Visionary carriers see SCM 2.0 as an opportunity to improve overall customer experience and policyholder retention through superior service delivery. 5/3/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=785 FinReg seeks to address systemic financial risk in OTC swap transactions, but a number of issues remain. 4/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=786 Portfolio growth, together with regulatory uncertainty, are the biggest challenges facing credit executives today. 4/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=784 Merchant acquirers should explore partnerships with Web hosting companies in order to streamline processes and increase cross-selling opportunities. 4/27/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=783 Going forward, the mobile banking behaviors of today’s consumers should influence financial institutions’ mobile marketing efforts. 4/26/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=781 4/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=782 4/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=780 4/19/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=779 Pressure to manage increasing data volumes, expanded asset classes and geographies, and an onslaught of regulatory initiatives conflicts with persistent demand to cut cost. 4/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=778 Financial advisors need CRM solutions to manage the growing number of client service and compliance activities. 4/12/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=776 Driven by global market structure changes and growing adoption of electronic trading, broker-owned EMS platforms have become vital distribution channels for the broker/dealer community. 4/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=777 The prepaid industry can avoid many challenges, chief among them regulatory pressure, by implementing precautionary measures. 4/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=775 The successful management of corporate procurement’s role as a profit driver is vital for creating corporate value, particularly given that access to credit has become scarce. 4/5/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=774 Cash management vendors have enhanced their functionality to meet the new demands that large and middle-market companies have placed on their financial institutions. 3/30/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=773 While ACORD has been invaluable within the life insurance ecosystem, frustrated industry participants demand more of the standards-setting body. 3/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=772 Retail FX represents a significant 7.9% of the overall FX market and promises continued growth. 3/23/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=770 Shifting the use of debit cards to prepaid cards among a relatively small set of customers could help banks replace anticipated lost interchange fees. 3/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=771 With regard to alternative fund reform, the burden is likely to be as heavy for the regulators as it is for the regulated. 3/21/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=769 Relatively new to the scene, fixed income ETFs present appeals and challenges. 3/16/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=767 Portfolio metrics and new regulations are driving lenders to invest in retail credit default solutions. 3/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=768 As client demands grow and competition increases, independent execution management systems must evolve or fall by the wayside. 3/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=766 Aite Group expects a nearly 6% increase to the average capital markets firm’s technology budget in 2011. 3/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=760 Canadian asset management firms plan to continue investing in vendor-provided IT projects in 2011, particularly with regard to core infrastructure. 3/2/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=758 As spending increases within the OMS market, OMS vendors with a global presence and diverse client base are in a great position to reap the benefits. 2/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=759 Financial institutions have a long way to go in developing strong online marketing capabilities, but an online marketing maturity model can provide direction. 2/28/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=757 Sixty percent of senior bank managers, technology vendors, and consultancies indicate that the business of payments is “extremely important” for banks. 2/24/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=756 Though many credit unions are enjoying new opportunities as a result of the financial crisis, there are challenges to overcome, where technology can play a vital role. 2/22/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=754 Alignment of fraud management strategies and vendors across the enterprise can help detect fraud, achieve economies of scale, and lower expenses. 2/16/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=753 Canadian asset managers weathered the financial crisis largely unscathed, and are well positioned to focus on growing assets and revenue. 2/14/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=752 For U.S. middle-market companies, paying non-U.S. suppliers in local currency can provide considerable cost savings and reduced risk. 2/9/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=751 With regard to social media, credit unions must not underestimate the investment necessary to provide an impressive return. 2/7/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=750 For retail banks in 2011, finding new sources of revenue will be a key theme. 2/2/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=749 Without immediate and significant changes, banks risk losing the mass-affluent opportunity to online brokerage firms. 1/31/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=747 Regulatory uncertainty will continue into 2011, coloring many of the key issues that will impact the securities & investments space in the year ahead. 1/24/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=746 Regulation and reform will drive change and reshape the life and health insurance industries in 2011. 1/18/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=745 Consumers’ use of cash will decline by a total of 17%, or 4% per year, between 2010 and 2015, dropping to slightly more than US$1 trillion. 1/12/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=744 Internal fraud is a significant problem that averages 4% of all fraud losses within financial services firms, yet many perpetrators are never prosecuted. 1/10/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=743 Market spending on GRC platforms by asset management, pension, asset servicing firms, and broker/dealers is primed for growth as vendors address this market with their solutions. 1/5/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=742 In response to high loan default rates, lenders are seeking the most innovative default management processing solutions. 1/3/2011 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=740 Advisors that use social media professionally have seen higher revenue growth, wider increases in their book of business, and greater expansion of their client bases than other advisors. 12/20/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=741 Increased transparency is a noble goal, but difficult to accomplish without regulatory cooperation and technological investment. 12/20/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=738 U.S. banks will increase their spending on wholesale banking initiatives by approximately 4% to 5% in 2011 in order to meet customer expectations. 12/15/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=739 Front-office interest in corporate actions processing is at an all-time high as a renewed emphasis on risk permeates the industry. 12/15/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=736 Europe’s dark trading venues provide traders with liquidity, but multiple venues serve different purposes. 12/13/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=737 For providers, open payments platforms represent a tremendous opportunity as well as proportionate risk. 12/13/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=734 Though debit card interchange regulation will take a toll on the banking and payments industry, it will also force banks to innovate. 12/6/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=735 Gift cards have displaced cash and checks in many gift-related P2P transactions over the past 10 years, but virtual gifting is primed to be the next method of P2P gifting. 12/6/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=731 Merrill Edge is well-positioned for meaningful growth in a short time frame, with the potential to grow by more than 1 million accounts within the next three years. 12/1/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=728 The institutional financial services world has been shy in adopting social media tools as it weighs the risks and rewards. 11/29/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=725 The operational relationship between life insurers and reinsurers is mired in complexity, but best practices implemented by both parties could allow reinsurers to add greater value to the industry. 11/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=726 Merchant acquirers must take advantage of a need that has existed since merchants became merchants: how to increase traffic and spending at retailers. 11/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=724 The key takeaway from this year’s Sibos conference is a positive one: The industry is finally emerging from its under-siege mentality of 2008 and 2009. 11/18/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=722 Aite Group forecasts that U.S. mobile bill payments will reach US$214 billion in gross dollar volume in 2015, up from US$16 billion in 2010. 11/17/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=723 While most financial institutions consider themselves novices or beginners in their use of social media, many plan on making significant investments in this marketing medium over the next five years. 11/17/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=721 In 2005, execution consultants were an exercise in internal reorganization; today, they are purveyors of structural and cultural change within a brokerage operation. 11/16/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=720 Uncertainty about the definition of supply chain finance remains a roadblock to corporate purchasing decisions, making a taxonomical framework imperative. 11/10/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=719 A disconnect exists between businesses eager for corporate mobile banking services and banks that fear a lack of consumer demand. 11/8/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=717 Once simple transactions involving handing over cash or writing a check, P2P payments are becoming more complex, with various payment methods and channels available to consumers. 11/3/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=716 As the CDH market expands, opportunities for banks to service the healthcare market—and increase revenues—are growing. 11/1/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=714 As the safety of municipal bonds erodes, the market for these securities is evolving; from regulations to trading structure, this market will be forever changed. 10/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=715 Bills paid online will increase by 18% between 2010 and 2013, while the number of bills paid with a mobile device will grow by 377%. 10/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=713 After years of making due with old technology, approximately 700 financial institutions worldwide will replace their core solutions in 2011. 10/25/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=712 Advice-led wealth management activity is expected to grow in every major world market, requiring investments in financial planning solutions. 10/18/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=711 Managed trading platforms are gaining ground among firms that do not consider low latency trading infrastructures to be competitive differentiators for their business, expediting the process of moving into new asset classes and geographies. 10/14/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=710 Interest rate swaps have served as important risk management and financial engineering tools for many years. New regulations will be far-reaching, but their full impact remains up in the air. 10/12/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=709 Dodd-Frank will fundamentally change retail brokerage and proprietary trading, but to what extent remains to be seen. 9/30/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=707 Driven by increased adoption of electronic trading and the need to better understand and manage customer needs, single-dealer platforms are gaining popularity in the OTC markets. 9/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=708 Reverse mortgages possess processing requirements that differ from other consumer loan products and risks that parallel mortgage and home equity lending. 9/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=706 Supply chain finance programs provide visibility and discrepancy resolution to financial supply chain events. 9/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=705 Of large U.S.-based companies, 81% perceive adopting an integrated receivables hub as adding value to their organization. 9/20/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=703 Portfolio systems deployed via ASP/SaaS models, now available from most vendors, offer cost savings over installed systems. 9/15/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=704 The prepaid debit and payroll card industry is destined for unprecedented growth, filling a void at the bottom of the consumer financial services market. 9/15/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=702 Financial institutions must understand how their financial advisors leverage financial planning in order to select the right tools to grow business. 9/13/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=701 Paramedical service providers have introduced mobile platforms to speed turnaround times and provide structured data early in the underwriting cycle. 9/8/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=700 Canadian banks must enhance their cash management offerings to meet the demands of cash management customers and compete with global banks. 8/30/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=699 Now is the time for Congress to evaluate best execution of the federal retirement plan, using existing tools to improve efficiencies and ease employer burdens. 8/25/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=698 While MiFID succeeded in creating new trading venues in Europe, a lack of liquidity has led to the demise of many. 8/18/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=697 Effectively processing corporate receivables presents a challenge to corporations, but banks and technology vendors can profit by providing much-needed solutions. 8/11/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=695 As the insurance industry recovers, so too will spending on portfolio systems; vendors waiting for the rebound have been enhancing their offerings. 8/4/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=691 Uncertainties at wirehouse firms and damaged brand reputations resulting from the financial crisis are responsible for 41% of breakaways from wirehouses. 7/26/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=690 Three overriding concerns weigh on the merchant acquiring industry today: regulation, economics, and technology. 7/21/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=689 The Patient Protection and Affordable Care Act, costly for health plans to implement, will eventually deliver rewards. 7/19/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=688 While Aite Group believes that the provision of standardized remittance data along with payment is generally a good thing, benefits come at a cost. 7/14/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=687 Broker-dealers face challenges in opening accounts for off-platform assets, but technology-enabled processes exist that enhance efficiency as well as compliance. 7/12/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=685 A comprehensive guide to the varied offerings of leading portfolio systems vendors in the European market. 6/30/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=684 Financial planning proves to be an effective tool for advisors seeking to increase their business. 6/28/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=682 Poised for growth, the OTCD market must overcome challenges in order to realize its full potential. 6/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=681 Aite Group expects a combination of market factors to unleash unprecedented technology innovation in the remittance market. 6/17/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=680 The impact of Regulation E will be felt beyond the loss of income that had been generated by overdraft programs. 6/14/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=679 Global regulators now demand that the liquidity risk management process must now be a robust endeavor. 6/9/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=678 As banks consider updating their payments systems, the Payments Maturity Model provides a framework for identifying payments system needs and advancing the upgrade process. 6/7/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=676 While retention contracts at wirehouses seem to have reduced top-performing brokers’ interest in breaking away, close to one in four brokers remain either “unsatisfied” or “very unsatisfied” with their wirehouse employer. 5/26/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=674 Growing customer demands have exposed gaps in existing cash management/treasury technology for many banks. 5/24/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=675 Market data services are an increasing portion of exchanges' revenues, currently comprising 19% of exchanges' revenue mix, on average. 5/24/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=673 A pending transfer of regulatory authority for India’s best-selling life insurance product may cause insurers and distributors to change strategies. 5/21/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=670 The U.S. financial industry has ignored the need to replace its core systems for too long, and is feeling the repercussions of quick-fix strategies. 5/17/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=671 The long-term, steady growth of the OTC derivatives market is driving demand for portfolio management and accounting solutions with advanced risk analysis, over-the-counter derivatives handling, and valuation modeling. 5/17/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=668 Banks are missing the boat when it comes to segmenting their business customers for marketing and sales opportunities. 5/12/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=667 While losses related to RDC fraud are small relative to other fraud losses at financial institutions, they will grow. Now is the time to implement solutions. 5/10/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=666 Vendors perceive merchants to be as likely to purchase E2EE solutions to offload PCI DDS requirements as they are to secure card data. 5/5/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=665 Professional high frequency trading firms currently account for 25% of futures volume - a figure that will reach 40% in 2015. 5/3/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=661 If Goldman's alleged transgressions are not properly assessed, poorly crafted legislation will adversely affect financial innovation by distorting the fundamental roles of market participants. 4/28/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=662 In 2008, the patient-to-provider payments market amounted to approximately US$252 billion, a number that Aite Group anticipates will reach US$356 billion by year-end 2012. 4/28/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=659 The LOMA Life Insurance Conference 2010 presented an image of an industry seeking the best path forward after a couple of difficult years. 4/26/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=660 High frequency trading accounted for approximately 25% of overall trade volume at the end of 2009, and will rise to more than 40% by year-end 2012. 4/26/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=658 A superior IT management culture is not unique to large banks, nor is it found in all large banks. 4/21/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=657 Wirehouses, whose net asset inflows and outflows have fluctuated wildly over the past couple of years, are finally beginning to stabilize. 4/19/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=655 Portfolio optimization is an increasingly important part of the securities and investments industry's DNA, in which finding the best solution often requires choosing from more than two possible outcomes. 4/14/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=656 To meet the demands of Europe's new high frequency traders, brokers have had to adapt their offerings. 4/14/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=654 Core policy administration replacement and modernization are critical areas of engagement for IT services vendors servicing the insurance vertical. 4/12/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=653 Despite the critical role vendors play for ISOs, ISOs are generally unhappy with their vendors, and many plan to change vendors within the next year. 4/7/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=652 In the automated underwriting market for life insurance, reinsurers lead the way in developing decision logic, but big IT vendors may be fast followers if interest in straight-through processing continues to grow. 3/30/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=669 Among U.S. small-business customers that are disappointed with their primary banking institution, 79% are customers of large and regional banks. 3/25/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=651 Aite Group believes the market for data management projects is poised for growth based upon a need for high quality data to support various business drivers. 3/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=650 3/19/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=649 Credit unions that demonstrate key IT management attributes are better positioned to invest in the technological and marketing capabilities they need to produce superior business results. 3/10/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=648 3/8/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=647 The fully disclosed retail brokerage firm must have a plan to manage its technology vendors and service providers in a way that complements its business. 3/3/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=646 While the branded prepaid card market is experiencing substantial growth, it remains a market fraught with challenges. 3/2/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=645 Four in ten PFM users are saving more money as a result of using PFM. 2/24/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=644 NRSRO hegemony may wane in the face of investor displeasure and proposed regulation. 2/22/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=643 While technology investments will remain smaller for introducing broker/dealers than for their competitors, they will grow in the near-term. 2/18/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=641 Prime services providers are entering a growth phase in which the main goal is to increase sales and become the provider of choice. 2/16/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=642 Walk-in and mail remain the dominant channels for unbanked and underbanked consumers paying bills. 2/16/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=640 After two years of economic turmoil, the banking industry will get back to the basics of its business, engaging in long-term planning and rebuilding. 2/11/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=639 Aite Group anticipates that the CDH market will rise from close to 29 million accounts at year-end 2008 to 45 million accounts by year-end 2012. 2/8/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=664 2/5/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=633 As firms continue to add new trading areas and struggle to meet regulatory requirements, high performance databases are becoming increasingly vital. 2/3/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=634 Fifty-eight percent of CUs expect their online channel budget to increase by at least 5% over 2009 levels, with 15% anticipating an increase in excess of 15%. 2/3/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=631 Of small businesses that are disappointed in their primary financial institutions, a significant portion plans to switch banks within the next two years. 2/1/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=632 A majority of survey respondents give the introduction of a fiduciary standard for retail brokers a less than 50% chance of being implemented. 2/1/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=629 The life settlements industry will transact approximately US $13 billion annually from 2010 to 2013. 1/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=630 The United States government must manage to provide the most efficient regulatory environment possible without destroying the financial services industry. 1/27/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=628 Bill payments processed via biller direct and walk-in channels and consolidator Web sites reached 5.5 billion in 2009, up from 4 billion in 2006. 1/25/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=627 Banks are turning to global wholesale payments vendors to support straight-through processing via real-time information and greater payments data. 1/21/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=626 Aite Group sees the year ahead as one in which on-hold advances can finally move forward, while regulatory changes begin to reshape the financial services industry. 1/19/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=625 The card industry should focus on encryption technologies, cutting off the source of card data for criminal networks. 1/13/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=624 CIOs plan to shift top business priorities away from cost reduction and toward business agility and operational efficiency in 2010, hoping to take advantage of new opportunities. 1/11/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=623 The TSE has bet its future on a game-changing technology platform that will forever alter both the Japanese equities trading landscape and buy-side market access. 1/7/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=622 Two new hires enhance Aite Group’s capital markets coverage and initiate in-depth coverage of the European markets. 1/6/2010 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=621 Online banking executives are optimistic about their budgets for 2010, with half of those surveyed anticipating significant budget increases. 12/21/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=620 Debit card rewards programs will fuel financial institution spending on rewards programs, but program profitability will elude many firms. 12/16/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=619 Naked sponsored access is causing concern and prompting regulation, but regulation alone cannot remove all systemic risk. 12/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=618 Card networks will find enormous, transaction-based revenue opportunities in healthcare payment card programs. 12/10/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=617 Despite advisor misconceptions, discount brokerages pose the greatest risk to advisors’ books of business. 12/7/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=616 While prepaid debit cards have gained greater adoption among the unbanked and underbanked, opportunities for increased adoption still exist. 12/2/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=614 Small-business credit cards are uniquely primed for growth due to the similarities they share with both retail consumers and larger businesses. 11/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=615 ISOs and merchant acquirers have as many differences as they do similarities, but the differences dictate unique strategies, tactics and vision of the market. 11/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=613 Education – for the advisor and consumer - is an important factor in the adoption of variable annuities. 11/23/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=612 Aite Group measures North American bank technology executives’ admiration of 79 vendors in eight technology categories to gauge future purchase consideration. IBM is the most admired vendor in 4 out of 8 categories examined. 11/18/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=610 While merchant acquirers have hope for 2010, they face increasing challenges in the form of attrition, margin compression and PCI mandates. 11/16/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=611 The organizations that most effectively weathered the financial crisis were those with the ability to access mission-critical information that was timely, accurate and usable. 11/16/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=609 Regulatory demand for increased transparency is driving firms to revisit and enhance pricing and valuation processes, often using vendor technology. 11/11/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=608 Compliance officers, already struggling to keep abreast of and meet the regulation requirements impacting their daily tasks, will continue to face challenges ahead. 11/9/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=607 The battle lines have been drawn and the first volleys fired in the quickly escalating battle for trade volume in Europe. 11/4/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=606 The benefits of a paperless branch include mitigating fraud, meeting compliance, achieving cost reductions and eliminating lost data, among others. 11/2/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=604 While the value of payments processing is clear to financial institutions around the world, associated issues and opportunities vary by geography. 10/28/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=605 Despite a proliferation of consumer-directed healthcare technology vendors, few are able to provide end-to-end solutions that meet their clients' needs. 10/28/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=603 Aite Group estimates that nearly 10 million U.S. cardholders experienced issues using their credit cards abroad in 2008 alone, a majority of which changed their card usage behavior as a result. 10/26/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=602 Engendering a minimum level of consumer trust is insufficient for banks to drive referrals or customers’ intention to grow their relationships with their bank. 10/21/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=601 Stakeholders in the healthcare industry must take an active role to address issues and drive change. 10/19/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=600 Processors serving the branded prepaid card market must invest in new technology to remain competitive. 10/15/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=599 While online bill payment via bank Web sites is gaining wider adoption, growth is slowing markedly. It’s time for vendors to get serious about innovation. 10/12/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=598 Despite challenges, the business and economic conditions underlying the CDS market will remain compelling for both dealers and non-dealers. 10/7/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=597 Most businesses consider the sophistication of an institution’s online offerings a key reason for selecting a particular institution as their primary bank. 10/5/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=595 While banks’ ATM executives see the importance of updating their ATM networks, thin budgets remain a hurdle. 9/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=596 As dark pools have evolved, they have become part of a dynamic marketplace with diverse business models and technology innovations. 9/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=594 By targeting Generation Y, banks have an opportunity to start fresh and avoid the relationship sins they have committed in the past. 9/28/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=593 Domain expertise is increasingly critical to IT services vendors. Aite Group urges vendors to take advantage of the recession to boost their talent bench. 9/23/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=592 As U.S. healthcare payments grow at an alarming rate, industry stakeholders must act to provide improved, payment-focused solutions. 9/21/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=591 As liquidity continues to fragment and multi-asset and multi-geographic trading strategies increase, smart order router providers need to prepare to support the expansion. 9/16/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=589 Bank CIOs have managed their budgets thriftily for the past two years, and expect to do more of the same in 2010. 9/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=590 Business priorities for 2010 emphasize sales outreach, attention to supporting and enhancing the investment process, and risk mitigation through systems and/or process improvement. 9/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=588 Small-business mobile banking promises to be an important revenue driver, with one-third of U.S. small businesses willing to pay for the service. 9/9/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=586 As Brazil’s financial markets continue to evolve, foreign investors look to develop electronic trading capabilities there. 9/3/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=587 Offering corporate receivables solutions provides U.S. banks with better-than-average revenues and stronger corporate relationships 9/3/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=584 Banks and health plans must carefully vet vendors of consumer-directed healthcare services to ensure the vendors meet their unique needs. 8/31/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=585 8/31/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=583 Credit unions have largely ignored a number of new products and services that are imperative to their future growth. 8/26/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=582 The business process outsourcing business is bouncing back, but an understanding of previous failures is resulting in radically different operational structures. 8/10/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=581 Banks must recognize that customer service is a key opportunity for growing and retaining treasury services clients. 8/3/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=580 Aite Group estimates that poorly executed bank remote deposit strategies are costing the U.S. financial services industry more than US$700 million per year in lost revenue. 7/29/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=579 Wirehouses lost more than 2% of their market share in 2008 alone, equivalent to US$225 billion in client assets. Meanwhile, the independents continue to win market share. 7/27/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=578 7/22/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=577 Though document management ranks low on firms' IT priority lists, going paperless would help save money and meet proposed regulation. 7/20/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=576 By addressing certain aspects of the merchant acquiring business, ISOs and agents can improve their bottom line. 7/15/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=575 Though p-cards represent a very small portion of B2B payments, changes in fee structure and card policies could double issuers’ p-card revenues. 7/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=574 The urgent issues associated with the pricing and valuation process of portfolios of assets are foremost in the minds of senior executives. 7/8/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=573 With strategically planned global supply chain automation, banks can achieve greater customer intimacy and effective management of globalized trade. 7/6/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=572 While EMV architecture could mitigate card fraud, it does not address all security concerns and is not likely to be implemented in the near-term. 7/1/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=571 After a prodigious start, MTFs are poised for a showdown with traditional trading venues in Europe. 6/29/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=570 Banks striving to build new marketing competency will fuel the next generation of CRM investments. 6/24/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=569 Despite numerous hurdles, Aite Group expects to see the adoption of ATSs in the Asia-Pacific region reach close to 20% by the end of 2012. 6/22/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=568 While information security professionals see perimeter defenses as adequate, security threats from data breaches and insiders remain a concern. 6/17/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=567 If mishandled, certain potential regulatory changes could fundamentally change the equity options industry. 6/15/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=566 Only when various card industry players work together will they be able to identify and address the industry’s most pressing challenges. 6/10/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=565 Treasury management system vendors are experiencing growth despite the economic downturn. 6/8/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=564 Large IT services vendors are on a collision trajectory with U.S. core banking processors. 6/3/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=563 Measuring customer engagement from a cross-channel perspective can help improve marketing effectiveness and efficiency. 6/1/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=562 In order to improve the overall ATM customer experience, banks must first make sure their underlying ATM technology is up-to-date. 5/28/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=560 Given the infrastructure and capabilities currently in place, a new government agency dedicated to retirement savings, with its US$1 billion annual price tag, is a suboptimal solution. 5/26/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=561 Banks have an opportunity to increase their market share in check cashing by more than 60% among customers of check cashing stores. 5/26/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=559 Breakaway brokers take, on average, 62% of their client assets with them when departing a retail brokerage firm. 5/21/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=558 By understanding the various initiatives around the globe, and what failed and what succeeded, financial institutions and other players can better tailor their own solutions. 5/19/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=557 The securities lending industry is generating more than US$1 trillion in revenues per year, but those revenues come with a cost: risk. 5/13/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=556 With 36% of community banks seriously considering deployment of remote deposit in 2009, the opportunity for remote deposit technology vendors is strong. 5/11/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=555 Because of the recession and heavy competition from branded prepaid cards, Aite Group believes that total volume loaded on private label prepaid cards will remain around US$39 billion for the next three years. 5/6/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=554 Active participation from the high frequency trading community is vital to continued growth of global markets. 5/4/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=553 Consumer trust in banks is low – and if banks don’t do something to fix it, they won’t be able to grow and strengthen customer relationships. 4/29/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=552 In today's volatile market environment broker/dealers must develop a thorough understanding of potential clearing providers as a part of their business contingency plan. 4/27/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=550 Aite Group estimates Wal-Mart has secured 11% market share among users of check cashing stores. 4/22/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=551 If U.S. equities continue their pace, Aite Group expects message volumes to average 1.2 billion messages per day by 2011. 4/22/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=549 Aite Group forecasts that cross-border remittances will hit US$368 billion this year, a 7.3% decrease over 2008. Remittances should grow again in 2010, reaching US$374 billion — a 1.5% increase. 4/20/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=548 As fraud becomes increasingly multichannel, financial institutions are using solutions from multiple fraud management technology vendors. 4/15/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=547 While the TMX Group still dominates the Canadian equities market, ATSs increasingly provide traders with lower-cost alternatives for trade execution and liquidity access. 4/13/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=546 Though financial planning is the key proposition of wealth management firms as they help consumers through the current financial crisis, nearly half of all advisors do not currently use this service to its full potential. 4/8/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=544 New financial products and settlement and liquidity platforms address three of the most pressing problems impacting the markets. 4/6/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=545 Vendor-provided cash management solutions offer banks the potential to grow deposits and generate fee-based revenues. 4/6/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=543 A major change in corporate actions standards is slated to come into effect in 2011, with the introduction of the SWIFT message standard, ISO 20022. 4/1/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=541 General-purpose prepaid cards are benefiting from the recession, but it is urgent for the industry to win the war on cardholder attrition. 3/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=542 While there may not be a one-size-fits-all solution, a single regulator would be a welcome improvement to the existing regulatory structure. 3/30/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=540 Though investment technology drives bank performance, only one in four U.S. community banks has management committed to IT implementation. 3/25/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=539 As the threat of fraud continues to impact financial institutions, technology spending is likely to increase. 3/23/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=538 Web-delivered treasury systems provide tremendous value and efficiencies for mid-tier treasury groups, yet the majority of companies do not benefit from the vendor-hosted opportunity. 3/19/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=537 Hedge funds took a major hit in 2008 and will continue to decline this year, but the industry is sound and will gradually recover. 3/16/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=536 Banks in the top quadrant of return on advertising generated nearly twice as many deposits per ad dollar as banks in the second quadrant. 3/11/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=535 Community banks well positioned to reclaim ground lost to larger banks, better positioning themselves for future success. 3/10/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=534 While IT spending in the OMS market will remain relatively flat in 2009, vendors with strong foundations in key areas will find themselves in a strong competitive position. 3/9/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=533 While merchants claim pricing is of the utmost importance, overall satisfaction with the ISO or merchant acquirer is really the key to merchant retention. 3/5/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=532 Aite Group estimates that world-wide spending on client reporting platforms will increase steadily, culminating in a 14% CAGR from 2008 to 2012. 3/2/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=531 The high frequency trading community is now responsible for more than 60% of average daily volume in U.S. equities. 2/25/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=530 Investment management firms that are not yet GIPS-compliant must be prepared for the now optional standards to become mandatory. 2/23/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=529 The Kyoto Protocol must be extended if a coordinated global carbon emissions reduction program is to materialize in three short years. 2/19/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=528 While open-account transactions are not leading to the demise of traditional trade finance, they are creating new opportunities and challenges for global trade banks. 2/17/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=527 Aite Group reveals that at least 14% of bank customers would be better off using prepaid debit cards than checking accounts. 2/11/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=526 Banks must do far more to serve evolving customers and capitalize on new treasury services opportunities. 2/9/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=525 Many of the stereotypes about the unbanked and underbanked most commonly held by bank executives, regulators and consumer advocates are flat-out wrong. 2/4/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=524 As corporate treasury departments continue to grow and become more complex, so too will their reliance on treasury services providers. 2/2/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=523 Aite Group estimates the market for buy-side analytics to increase by approximately 80% to US$3.2 billion in the next five years. 1/28/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=522 Aite Group offers a new guide to the portfolio system vendors that provide comprehensive front- to back-office systems with fully functional trading modules. 1/26/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=521 Aite Group urges merchant acquirers to segment their sales force by vertical to curb attrition. 1/22/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=519 The ability to access business applications on the go can help improve an advisor’s relationship with clients. Sixty-two percent of advisors would welcome the ability to access these applications via a mobile device. 1/20/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=520 Despite the crisis in the financial services industry, banks still have opportunities to generate additional revenue and improve processes. 1/20/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=517 The current financial crisis has created competitive advantages for credit unions, but opportunities must be seized effectively and rapidly. 1/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=518 1/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=513 MiFID has opened the flood gates for new trading and execution venues in Europe, and the battle lines are being drawn between exchanges, MTFs and clearing houses. 1/14/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=516 Cost reduction is the number one business objective for technology spending in the year ahead, followed closely by risk management. 1/12/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=514 The year 2009 will usher in a heavy focus on change and transparency, with risk management becoming a major area of investment for financial services firms. 1/8/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=515 Total U.S. mobile banking vendor revenues will grow to US$26 million in 2009, from $4.1 million in 2007. 1/8/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=512 As the FX market becomes increasingly electronic, the need for improved post-trade processes continues to grow. 1/6/2009 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=511 Though bank adoption of payments hubs has been slow, Aite Group expects the number of banks with payments hubs will rise by 62% CAGR through 2014. 12/22/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=509 Despite cost savings, streamlined processes and fraud reduction capabilities, only 42% of U.S. banks currently use branch or teller capture solutions. 12/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=510 Aite Group expects capital markets firms to spend US$35 million on mashup technology in 2009. 12/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=507 Aite Group expects that smaller institutions will invest in additional technology to support their ID Theft Red Flags compliance efforts over the next 24 months. 12/15/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=508 Liquidity trumps execution quality; Available data suggests traders prefer trading venues with depth-of-market over others that provide superior execution. 12/15/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=506 With potential changes on the horizon, Aite Group looks at what has been shaping the futures industry, and predicts what could be in store in the year ahead. 12/10/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=504 Aite Group looks at the current financial crisis and predicts likely legislative and regulatory responses. 12/8/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=505 Card issuers seeking to one-up the competition by expanding the scope of rewards will fail, while those that provide new services to both cardholders and merchants will succeed. 12/8/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=503 Aite Group reveals key business dimensions of top global trade banks, and identifies success criteria for banks in the highly concentrated trade finance markets. 12/3/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=502 Small businesses want mobile banking services. Approximately one-third of those interviewed expressed a likelihood that they will use mobile banking. 12/1/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=500 Despite growing pressure on their business model, U.S. credit card issuers continue to bet heavily on giving rewards in order to acquire, activate and retain cardholders. 11/26/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=501 11/26/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=499 With changes on the horizon for CDS Clearing, it is imperative to understand the potential impact on the systemic risks of the newly proposed counterparty clearing solutions. 11/24/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=498 11/21/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=497 To best develop and nurture client relationships, banks should place greater emphasis on building market mix and contact cadence models than on figuring out who is buying what. 11/19/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=496 As regulatory control increases, research systems can lay the groundwork for internal control and transparency for investment firms. 11/12/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=495 With a strong centralized clearing in place and continued diversification of client profiles, the future of the U.S. exchange-traded equity options market looks promising for years to come. 11/10/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=493 In order to create an effective wealth management operation, wealth management and brokerage functions have to be supported through a tightly integrated technology platform. 11/5/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=494 Of surveyed middle-market companies, 69% consider a bank’s ability to integrate trade finance and cash management functionalities an important factor when selecting a bank. 11/5/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=492 Banks trying to appeal to small businesses cannot ignore the online channel. Of U.S. small businesses, 65% will actively bank online by the end of 2008. 11/3/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=491 10/30/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=489 Unstructured data will advance electronic trading beyond the need for speed, helping firms find new market opportunities and improving risk management. 10/29/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=490 More than 70% of total teller customers in 2007 were existing customers that were refreshing their teller solution, but vendors should not become too comfortable with the status quo. 10/29/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=488 10/28/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=487 Mobile operators’ increased involvement in the adoption of mobile banking could lead to greater opportunities for mobile data plan marketing. 10/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=485 Futures trading platforms must evolve to remain relevant in an era of increasing electronification. 10/23/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=486 10/23/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=484 In many cases, it is the unknowns facing the industry — rather than overly prescriptive regulations or overzealous regulators — that concern money transmitters the most. 10/20/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=482 With a better understanding of who they are beating and to whom they are losing to, banks can better tailor their marketing messages both online and offline. 10/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=483 Bank-offered treasury workstations provide banks an opportunity to redefine themselves as strategic partners in treasury management client relationships. 10/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=480 One in four employee brokers are considering going independent, which amounts to 16,300 brokers at the five largest retail brokerage firms alone. 10/14/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=481 Large banks must continue to surge forward with new initiatives to better understand, serve and cross-sell to small businesses. 10/14/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=479 Despite the increasing importance of open-account transactions, nearly 80% of U.S. and Canadian middle-market companies continue to use traditional trade finance. 10/8/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=478 Of vendors engaged with Microsoft’s Capital Markets Partner Program, 55% rate Microsoft’s overall satisfaction with the relationship as mediocre or poor. 10/6/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=476 The effectiveness of the sales and marketing channels used by ISOs and acquirers varies considerably per type of merchant. Aite Group urges processors to move beyond a one-size fits all sales channel strategy. 10/1/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=477 10/1/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=474 The adoption of electronic fixed income trading continues to rise, and electronic trading platforms are playing an increasingly vital role in today’s uncertain market. 9/29/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=475 Electronic card-based payments are expected to double from 2007 to 2012, and will benefit both banks and billers. 9/29/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=473 A significant disconnect exists between large U.S. banks’ perception of how they understand the small-business space and their ability to actually reach that space. 9/24/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=471 Now more than ever, performance measurement and attribution is a critical aspect of every investment management firm’s investment process. 9/22/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=472 Expedited bill pay will recoup no more than 3% to 5% of banks’ costs of offering free online bill payment by 2012. Aite Group urges banks to make online marketing a higher priority. 9/22/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=468 Largely ignored for 50 years, sovereign wealth funds are capturing the attention of Wall Street and the world. 9/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=470 9/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=469 Account aggregation is again getting attention due to its ability to increase the efficiency of financial advisors and facilitate smart financial decisions. 9/15/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=467 Although branch technology replacement is well underway at North American banks, ample opportunities remain for banks and vendors alike. 9/10/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=466 Banks have an uphill battle to get their open-account transaction services adopted by middle-market companies. 9/8/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=465 The emergence of foreign exchange as a legitimate asset class has resulted in rapid adoption of electronic trading in the FX market. 9/2/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=464 As financial services firms find flaws with existing EDM data models, a new concept of distributed data management is taking hold, leveraging electronic trading technologies. 8/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=463 While opportunities exist in the United States for global core banking vendors, the success of global vendors is not necessarily contingent on a vendor’s ability to penetrate this market. 8/25/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=462 Advances in technology, market automation, and increased global trading are driving enhancements in the power and scope of today’s EMSs. 8/20/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=461 By properly re-aligning risk and operational strategies, banks can minimize the effects of the subprime crisis and recover more quickly. 8/18/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=460 Aite Group assesses that only 65% of institutions’ AML budgets are aligned with regulatory demands. 8/11/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=459 Financial services firms are missing sales opportunities by failing to identify and capture pre-retirees’ and retirees’ discontent with their retirement portfolios. 8/6/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=457 8/4/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=458 The biller direct technology market continues to grow rapidly in the United States. On average, vendors grew their number of customers 16% CAGR between 2005 and 2007. 8/4/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=456 Asset managers and hedge funds are realizing the benefits of inventory management with automated collateral systems. 7/30/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=455 Aite Group research indicates that 24% of survey respondents lack confidence in their ability to process IATs by NACHA’s deadline. 7/28/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=454 Liquidity management solutions geared toward bank treasury groups are creating significant value for clients and increasing in demand. 7/24/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=453 In order to make the most of the branch channel, banks must excel in areas considered to be among the most important to customers. 7/22/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=452 Almost 60% of respondents said they will definitely implement new or additional anti-money laundering technology in the next 24 months. 7/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=451 Tight integration among advisor-supporting applications can dramatically increase front-office efficiency. 7/14/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=450 The overall market demand for alpha generation platforms will skyrocket over the next few years, reaching close to US$120 million by the end of 2011. 7/9/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=449 Aite Group finds that 78% of U.S. and Canadian middle-market companies in the manufacturing, wholesale and retail industries have ERP systems and have used ERP systems for multiple years. 7/7/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=448 Nearly six in 10 consumers are open to receiving offers from at least one of four common marketing channels. 6/30/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=447 6/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=446 Mobile marketing appeals to a specific, but sizable, consumer niche, representing a number equal to the entire population of Canada. 6/25/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=445 Outside of the Top 25 banks, bank commitment to online marketing is insufficient to ensure efficient and effective future marketing. 6/23/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=444 Financial institutions should prioritize migrating customers systematically from banking online to paying bills online to receiving e-bills. 6/18/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=443 Collective investment trusts have grown at a dramatic pace over the past two to three years, and may soon surpass retail mutual funds as the primary investment vehicles for pension schemes. 6/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=441 Community banks risk losing small-business customers to larger banks unless they increase their online banking offerings. 6/11/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=442 Because the loyalty market suffers from diversification and fragmentation, merchants need to have several providers to address their loyalty needs. 6/11/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=440 Exchange-traded commodities will grow from US$36 billion in assets today to US$247.8 billion by 2012. 6/9/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=438 Financial services firms that show the greatest lift from their integrated marketing efforts shares four common characteristics that contribute to their success. 6/2/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=439 6/2/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=435 While only 17% of consumers are considered “Active Joiners,” opportunities exist to market rewards cards across all segments of consumer. 5/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=436 Three common mistakes banks make limit their potential for success with the small-business customer segment. 5/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=434 Nearly a quarter of capital markets firms anticipate leveraging CEP somewhere in their enterprise in 2008. 5/21/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=433 In the wake of the current mortgage crisis, securitization will survive, but the arbitrage ABS CDO business will not. 5/19/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=432 5/18/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=431 Aite Group reveals that credit card payment behavior can assist financial institutions struggling to segment small-business customers. 5/14/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=430 Expedited bill payment, online marketing and mobile banking will top large U.S. financial institutions’ electronic banking product development roadmap in the next 24 months. 5/12/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=429 Only about one-half of surveyed small businesses are “extremely satisfied” with the level of customer service, online banking capabilities and ease of use of the online banking applications provided by their financial institutions. 5/7/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=428 Of mass-retail clients that use financial planning, 70% are currently not paying for it, compared to 53% of high-net-worth clients. 5/5/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=427 Lack of robust enterprise-wide case management is the greatest internal cause for concern, with 62% of interviewees indicating it as an important issue. 4/30/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=426 Of online banking users, 13% are expected to use mobile banking by 2009, compared with 4% in 2007. 4/28/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=424 Aite Group predicts that spending on clearance and settlement technology will continue to increase, reaching US$25 billion by 2009, up from US$18 billion in 2007. 4/23/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=425 Emerging compliance demands - as well as emerging fraud risks, cost imperatives, channel expansion and a push for customer maximization - drive investment in account opening technology. 4/23/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=423 Mobile banking, e-mail communications and enhanced fraud detection are the top three application purchase or homegrown developments large U.S. financial institutions will engage into during the next 24 months. 4/21/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=422 If the SEC’s summary prospectus initiative takes effect, the industry will save more than US$65 million in printing and postage, and more than 42,000 trees annually. 4/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=421 Because of European payments initiatives, non-European banks are incurring additional costs, totaling US$60 million for the industry. 4/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=420 Aite Group research indicates Pershing leads correspondent clearing firms in all ratings, with new offerings for existing and emerging market segments rolling out in 2008. 4/9/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=418 Approximately 45% of small banks have currently deployed remote deposit. By year-end 2009, Aite Group forecasts that at least 65% of small banks will have deployed it. 4/7/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=419 4/6/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=417 OTC derivatives processing remains manual, making trades slow to confirm. Credit derivatives are among the most rapidly confirmed, benefiting the most from industry automation. 4/3/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=416 Of cardholders, 38% describe themselves as active participants in reward programs, 27% are passive participants and 35% are inactive or non-participants. 3/31/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=414 Phishing causes banks significant distress, with 78% of those surveyed stating that they are concerned with phishing attacks. 3/26/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=413 3/25/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=412 Aite Group estimates that the correspondent clearing desktop market — including spending on optional tools — will reach US$262 million in 2008, with a virtually flat growth rate going forward. 3/24/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=411 Aite Group estimates that 12% of all global assets under management were driven by quant analysis at the end of 2007, representing US$6.65 trillion. This figure is expected to reach 14% by the end of 2010, representing US$10.86 trillion. 3/19/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=409 Regulatory and operational risk are financial drivers for buyers of derivatives management software. 3/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=410 3/17/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=408 Consumers who have a financial plan are two and a half times more confident than those who do not that their retirement savings will be sufficient for covering the expenses they will encounter during retirement. 3/12/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=407 About one-third of online consumers who have either a debit or credit card are interested in decoupled debit cards. 3/10/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=406 Aite Group estimates that total revenues for the wholesale payments industry will grow from US$18 billion in 2008 to US$25 billion in 2012. 3/5/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=404 Of U.S. small businesses surveyed, 16% currently use remote deposit. Aite Group forecasts this percentage to reach 25% by year-end 2009. 3/3/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=405 Hedge fund purchases of third-party technology are up, and veteran technology vendors are benefiting. 3/3/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=403 The population of unbanked in the U.S. exceeds that of both South Africa and Kenya, and could potentially be addressed through business models that have proven successful in those markets. 2/27/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=402 Although most acquirers view margin compression as the number one challenge facing the industry, the average net spread has been growing steadily over the past few years. 2/25/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=401 One-third of U.S. banks surveyed currently offer corporate customers a Web portal integrating cash management and trade finance, while an additional 40% plan to do so over the next 24 months. 2/21/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=400 In 2007, Visa Inc. and MasterCard Worldwide spent a combined US$1.7 billion on rebates and incentives, up from US$1.3 billion in 2005. 2/19/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=399 Of tier-one and tier-two banks in the Asia-Pacific region, 83% consider growing cash management to be of great importance to their bank’s success. 2/13/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=398 On the heels of explosive direct hedge fund growth, HFOF assets in 2007 totaled more than US$1.4 trillion and are expected to grow to US$2.3 trillion by 2011, a 16% average annual growth rate. 2/11/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=397 Of credit unions surveyed, 68% are currently focusing more attention on building up their business banking product/service offerings. 2/6/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=396 Aite Group expects the capital markets industry to spend US$41.8 billion on IT initiatives in 2008, despite significant market issues. 2/4/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=395 In the absence of increased incentives by card networks, Aite Group estimates that merchant penetration of contactless payment will only increase from 0.5% today to 2.5% by 2014. 1/30/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=394 Leading the solutions U.S. credit unions are likely to deploy or replace over the next 24 months are commercial lending solutions (35%), customer analytics (33%), online cash management solutions (27%), core banking systems (27%) and CRM (27%). 1/28/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=393 Expanding choices and mitigating risk for both institutional and retail investors drive transparency, efficiency and responsibility. 1/24/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=392 Lower profit margins are the number one challenge faced by approximately 36% of credit unions, followed by identifying ways to attract new members (34%). 1/22/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=391 Corporate actions processing involves significant risk and the potential for exposure to high financial losses if a client is not notified of an action, or their response is not handled properly. 1/16/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=390 Branded prepaid card issuers are generally happy with the performance of their prepaid card business. They view regulatory issues, however, as the number one challenge they face. 1/14/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=389 Spending on corporate actions has steadily increased in the last three years, rising from US$121 million in 2004 to US$285 million in 2007. 1/9/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=388 Of Canadian banks surveyed, 67% state that their middle-market customers are likely to use global banking products and international capabilities. 1/7/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=387 As the pressure to keep up with speed and market fragmentation continues, Aite Group expects IT spending on global market data infrastructures to reach US$7.8 billion by the end of 2010. 1/2/2008 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=386 Mobile operators anticipate that 25% of subscribers will regularly use mobile banking by the end of 2009, compared to approximately 7% at the end of 2007, with strong growth for other mobile transaction services as well. 12/19/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=385 In 2008, U.S. banks and brokerages are expected to spend an estimated US$605 million on anti-money laundering automation efforts. 12/17/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=384 Some of the largest vendors of core banking systems are realigning their strategies with a focus on integration, but in order to achieve the greatest success, they must not lose sight of other areas. 12/13/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=383 Aite Group suggests that p-card issuers’ strategy is likely to be detrimental to their own interests. Rewriting p-card acceptance rules may be key to opening up bigger revenue opportunities for issuers. 12/11/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=382 Data is the lifeblood of every wealth management firm, but selecting the appropriate data consolidation strategy is no easy task. 12/5/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=381 Mobile operators think end-user transaction fees will be a leading source of their revenue in the mobile transactions space. However, financial institutions and card networks are not likely to share the wealth. 12/3/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=380 After a decade-long recession, Japanese markets have recovered, driven by a stronger capital markets foundation, improved regulation and robust retail participation. 11/28/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=379 Among acquirers and ISOs surveyed, 73% stated that margin compression is the most important challenge facing their institution today. 11/26/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=378 State regulators stand poised to act on topics with strong consumer protection implications, such as mortgages and lending. 11/20/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=377 Ten percent of customers are actively looking for a change across financial institutions. While service is the top issue among retirees, asset aggregation is the primary goal of pre-retirees. 11/19/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=376 A panel of mobile banking experts feels that while the technology to provide mobile banking now exists, end-user adoption will dictate its ultimate success. 11/16/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=375 Currently, less than 3% of all European trading volume is going to Multilateral Trading Facilities (MTFs). However, Aite Group expects to see a rapid pick-up of MTF adoption in the European market, which could account for more than 20% of European trade v 11/14/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=374 Acquirers and ISOs recognize the impact that acquiring and retaining customers has on their revenue stream. In fact, 55% of the acquirers and ISOs surveyed rank merchant acquisition as the leading priority for 2007, while 64% rank merchant retention as a 11/12/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=373 Aite Group expects American Express to become a significant competitor for Visa and MasterCard in the coming years, even as Visa becomes a publicly traded company. 11/7/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=372 Small-business online banking adoption has increased 400% since 2002. Bank of America was an early entrant in the marketplace and has had great success, and is once again at the forefront with the launch of their Small Business Online Community. 11/5/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=371 Over a five-year period, companies outsourcing accounts payables processing to vendors can expect up to a 50% reduction in expenses from the original base. 10/31/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=370 The expansion of consumer protection has become a prominent concern of state legislatures. More than 200 bills focused on identity theft, and more than 150 focused on mortgages are currently pending at the state level. 10/29/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=369 Aite Group predicts that security will be a major issue for mobile banking, but that banks must forge ahead. However, as kinks are worked out, banks that opted to provide mobile banking early on will be well ahead of the curve. 10/24/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=368 Aite Group estimates that U.S. bank spending on Basel II related risk management IT efforts will exceed US$1 billion in 2009, representing an over 30%-increase from 2007. 10/22/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=367 Twenty-nine percent of billers rank credit and debit card acceptance as their leading cost concern. Following very closely behind are bill presentment costs, with 28% of billers indicating concern, and duplicate paper and electronic bill presentment costs 10/17/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=366 In 2004, the average AUM held by U.K. fund platforms was £4.5 billion. This had more than doubled by 2006, reaching £10.2 billion. Aite Group estimates that AUM will double again by the end of 2008. 10/15/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=365 By 2012 only 25% of all checks written will be cleared as paper, as opposed to nearly 100% in 2000. 10/8/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=364 Small to midsize billers expect online banking, their Web site, and email to be the fastest growing bill payment channels in the next 24 months. Email tops out mobile phone in billers' growth expectations. 10/3/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=363 Approximately 40% of tier-one and tier-two Western European banks plan to address corporate customer challenges by offering cash-flow forecasting tools by the end of 2009. 10/1/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=362 While adoption of SMART Doc technology has been low to date, MISMO acceptance of the XML-enabled PDF, coupled with current market demands, will create a surge in SMART Doc production. 9/26/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=361 Providing holistic advice and investment management based on a 360° client view is only a vision for many advisors, and often requires a large amount of manual data collection and consolidation, taking away valuable time the advisor could be spending with 9/24/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=360 Most bank payment strategists agree that integrating payment transaction data and analysis into a bank’s business processes would improve a bank’s ability to achieve goals such as customer satisfaction and retention, product development, and operational e 9/19/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=359 In recent years, block trading has enjoyed continued growth, due in part to new platforms in the market that are challenging the status quo. While electronic block trading platforms made up just over 1% of the trading volume in the U.S. equities markets i 9/17/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=358 Exchanges currently make up approximately 75% of the U.S. market share for equities trade volume, versus ATS’s 25%. However, by the end of 2011, Aite Group expects to see exchange market share drop to approximately 62%. 9/12/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=357 Aite Group expects firms globally to spend more than US$2.5 billion in 2008 addressing the connectivity challenge for Enterprise Data Management expansion. 9/10/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=356 Aite Group anticipates that the active base of mobile banking users in the United States could reach over 1.6 million by year-end 2007, rapidly rising to 35 million users by the end of 2010. 9/4/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=355 8/27/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=354 The global portfolio systems market is expected to experience an annualized growth rate of 2.8%, and could reach US$2.67 billion by year-end 2010. 8/20/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=352 Of large U.S. banks, only 6% have achieved a small-business online banking adoption rate greater than 40%. With the help of aggressive technology deployment plans, and a better understanding of customer needs, 44% of these banks hope to achieve that goal 8/15/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=353 82% of compliance directors surveyed said that compliance demands will be higher in the next three years, while only 18% thought demands would stay the same, and none said that demands would shrink. 8/13/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=351 The vast majority of CEP implementations have focused on algorithmic and strategy trading. However, more and more solutions are migrating to other areas of the capital markets, such as data monitoring, routing, surveillance, compliance, proprietary data 8/8/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=350 Of large U.S. banks, 69% consider winning the business of the small-business customer segment “extremely” important to the overall success of their banks, while 82% expect this segment to use an average of more than four bank products by year-end 2009. 8/6/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=349 RIAs have experienced asset growth of 10% annually since the last market downturn of 2001. Going forward, RIAs expect to grow their firms by 21.1% annually, from US$106 million in client assets at the end of 2006 to US$155 million at the end of 2008. 7/30/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=346 At 40%, equities make up the largest percentage of assets under management in Europe; however, the figure is relatively low compared to the U.S. market due to the popularity of guaranteed products in that marketplace. 7/25/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=348 Aite Group expects the value of branded and private label prepaid card transactions to amount to US$178 billion by 2010, up from US$113 billion in 2007. 7/23/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=347 Mega-merger mania is on in the hedge fund administration business. Adding to the frenzy is a handful of new start-ups that dare to take on the big players. 7/18/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=345 By the end of 2006, average daily trade volume in the retail FX market reached over US$60 billion, a 500% increase from 2001. 7/16/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=344 Only 5% of Mass Affluent investors who use online brokerage receive their primary investment advice from financial advisors, which is about half of what mass-retail and high-net-worth consumers indicate. 7/11/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=342 Global offerings, business-driven technology deployments, and collaboration are essential to surviving in today's fiercely competitive cash management space. A bank's online cash management capabilities are now a key factor in determining why one bank is 7/9/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=343 Nearly 70% of Spain's assets are held in fixed income or guaranteed investment products, however the "Summer Law" could bring on rapid changes 7/2/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=341 Over the next two years, U.S. banks and credit unions will step-up their investments to optimize online sales and marketing while maintaining a focus on online security investment. 6/27/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=340 Amplified budgets have led to increased IT spending in the capital markets. Spending jumped from a 3% increase from ‘04 to ‘05 to a 35% increase from ‘05 to ‘06. 6/18/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=339 Over 90% of the top 100 U.S. deposit institutions consider customer convenience to be a top driver behind the adoption of mobile banking capabilities. 6/11/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=338 U.S. middle-market companies, expected to increase spending on financial services by 70% by 2013, are a lucrative business segment for banks. 6/6/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=337 Capital One's launch of a MasterCard decoupled debit card is a major breakthrough in card issuing. Aite Group views the product as squarely taking on deposit institutions, and predicts it will have a long-lasting impact on both the card and banking indust 6/4/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=336 Aite Group estimates rapid growth in vendor supplied EP solutions from about US$100 million by the end of 2007 to just under US$500 million by 2010. 5/30/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=335 Aite Group estimates that structural, regulatory, and technological changes are driving increased volumes in exchange-traded equity derivatives. 5/21/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=334 Despite the fact that most U.S. banks have increased their investment in cash management initiatives, 78% of middle market companies continue to bank with large financial institutions. 5/14/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=333 Aite Group estimates that U.S. deposit financial institutions spent up to US$10 billion to reacquire every consumer deposit dollar that was lost to attrition in 2006. The study reveals that financial institutions should significantly improve their deposit 5/9/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=332 The FX market is by far the largest and most liquid market in the world. At the end of 2006, 56% of FX trading occurred electronically. By the end of 2010, Aite Group estimates that close to 75% of FX trading will be done electronically. 5/7/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=331 European real estate investment showed average returns exceeding 200% over the past five years, compared to just under 20% average returns on all global mutual fund investments for the same period. 5/2/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=329 A new report from Aite Group provides a regulatory update on two lending practices currently under fire: payday lending and subprime mortgage lending. 4/25/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=330 By end of 2010, Aite Group estimates that close to 75% of all FX trading will be done electronically, up from 56% at the end of 2006. 4/23/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=328 4/20/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=327 In 2007, 579 U.S FIs are expected to deploy new cash management technologies, up 30% from 2006. Fierce competition, changing bank strategies, globalization, and a more stringent regulatory environment are some of the factors that are leading financial ins 4/16/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=326 Of the top 100 U.S. banks, 38% have seen an increase in online banking fraud losses in the past 12 months. Phishing and Malware attacks are bankers' top online security concerns. 4/11/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=325 As purchasing cards continue to gain popularity in the realm of supply chain procurement, their revenues are expected to grow from US$1.7 billion in 2006 to US$3.6 billion in 2010. 4/9/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=324 A new report from Aite Group reveals that Alliant Credit Union, on average, was able to drive 13% of new account applicants to its online system in the first six months after deployment, and examines the business case for automated account opening solutio 4/4/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=323 Out of 21 firms used by survey respondents, five leaders represent 70% of the total responses. Of those, Charles Schwab was ranked the best overall online broker by Aite Group. 4/2/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=322 Aite Group predicts that global money transfer industry revenues will grow about 6% CAGR between 2006 and 2010. By 2010, the industry will generate about US$18.3 billion in revenues, up from US$12.9 billion in 2004. 3/26/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=321 Aite Group research reveals that nearly one in five of retail broker's customers are considering switching brokers in the next six months, with cost being a leading factor in the decision. 3/9/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=320 Aite Group reveals that consumers and small businesses continue to cash about US$300 billion checks per year. The check cashing business generates approximately US$2.6 billion, annually. 3/7/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=319 Aite Group estimates that the potential market opportunity for EP solutions is just under US$ 1 billion from 2007-2010. 2/28/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=318 Advisors are spending far too much effort making technology work for them, which significantly eats into the time they have available for advising clients. Low levels of advisor productivity have become a prime concern for many wealth management firms. Th 2/26/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=317 The retail banking space is becoming more competitive, and its products are becoming more commoditized. As a result, community banks must focus on building their presence in the business banking space, where greater opportunities for fee-based revenues an 2/19/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=316 Much of the focus in 2007 will be on managing globalization and achieving operational efficiency. 2/6/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=315 Overall spending on EMS and OMS added up to about US$1 billion by the end of 2006. Spending on EMS platforms, while still growing, accounted for about 18%. Total IT spending on EMSs and OMSs is expected to reach approximately US$1.2 billion by the end of 1/31/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=314 Aite Group found that retail Internet banking solutions, cash management/business banking solutions, and branch/teller applications are what core vendors most often cross-sell to their small-bank clients. 1/29/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=313 Banks will shift gears in 2007 and focus greater attention on generating new revenue streams as opposed to cost-cutting 1/25/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=312 Aite Group provides an in-depth review of the deployment of Pay By Touch technology at a grocery store named Green Hills. Nine months after the introduction of Pay By Touch’s SmartShop loyalty and payment solution, 25% of Green Hills’ sales are made via b 1/23/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=311 Aite Group reveals that U.S. financial institutions will spend US$18.4 billion on rewards, up from US$10.3 billion in 2006. Program management expenditures will rise from US$0.6 billion in 2006 to US$1.15 billion by 2010. 1/18/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=310 Aite Group concludes that the U.S. payments industry could save US$7 billion per year if the ACH and the wire transfer systems were converged into a single electronic wholesale payments system. 1/8/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=309 A new report from Aite Group examines the disparity between actual check & application costs and brokers' perceived costs, and outlines the case for automation from a cost-savings perspective. 1/3/2007 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=308 A new report from Aite Group examines the business case for enterprise-wide supervisory technology solutions and profiles three leading technology vendors. 12/18/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=306 Aite Group estimates that 25% of small businesses will adopt Electronic Invoice Presentment and Payment (EIPP) over the next few years. By year-end 2010, this service could generate more than US$705 million in additional fee-based revenues for banks... 12/11/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=307 12/11/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=305 Aite Group’s research reveals that spending on profitability analytics is growing as U.S. banks face increased margin compression. U.S. bank spending will climb to over US$380 million by 2010, up US$120 million from 2006. 12/7/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=304 Although legal entity data services is still a relatively small market, vendors are seeing rapid growth within it. Pending regulatory deadlines through 2008 are driving a 200% average annual growth rate in spending in this market... 12/4/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=303 Aite Group has determined that over two-thirds of small businesses are interested in implementing online bill payment and invoice presentment. Because many of the desired attributes of these services favor financial institutions' websites and capabilities 11/30/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=302 To date, the competition for the U.S. equities market has been largely dominated by bulge bracket firms. The agency brokerage side has experienced unpredictable and varied growth in the last couple of years. Most independent agency brokers witnessed a sig 11/27/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=300 Since 2005, the presence of bulge bracket firms in the algorithmic trading service market has increased as firms continue to build up their overall product offerings and improve client services. According to Aite Group estimates, bulge bracket firms curre 11/27/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=297 A new report from Aite Group states that rising interest in online account opening technology will translate into increased spending on these solutions in the coming years. In the three-year period from 2007 to 2009, the projected IT spending on these solutions will reach US$101 million. 11/20/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=301 U.S. financial institutions risk being relegated to a commodity status of clearing and settling payments. Financial institutions can benefit from the foundation that payments provide if they build strong client relationships and develop new services. 11/13/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=299 With the definition of the unified managed household (UMH) concept, the SMA industry has set very ambitious goals for itself. While the concept is striking, in that it would bring family office-quality investment management to the high-net-worth-client segment, the implementation of the full UMH concept in the short-term is highly unrealistic 11/9/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=296 Algorithmic trading has hit the mainstream in the U.S. equities market. For operational efficiency as well as a continued drive for capturing alpha, algorithmic trading is increasingly becoming the execution tool of choice for both the sell-side and the b 11/6/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=298 11/2/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=295 The business area of "capturing additional assets" is most affected by financial planning solutions. This is very encouraging news for firms that are investing in those solutions and for vendors who are providing those solutions. Of respondents, 40% of advisors indicated that this area is seeing the most improvement. 10/31/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=294 Aite Group reveals that at least a third of large U.S. financial institutions won't have an advanced fraud detection and transaction monitoring solution in place by the end of the year. At least a third won't have a stronger user authentication solution fully rolled out by the end of 2006, either. 10/26/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=293 A new report from Aite Group states that the potential savings from online account opening is compelling. Even if only 5% of an institution's eligible new accounts were opened through an online account opening process, the $50 cost improvement per case could generate between $84,000 and $281,000. At higher conversion rates, the savings become astronomical. 10/23/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=292 Aite Group reveals that the share of payments made online at banks' or billers' Web sites will rise from 14% in 2006 to 28% by 2010. To grow faster than the market, online bill payment processors will need to continue chasing new bill payment processing opportunities -- well beyond the bank channel. 10/16/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=289 Branch Customer Relationship Management (CRM) strategies need to be overhauled or branches will continue to underperform. Overall branch network performance assessments are disappointing, both from a financial and a consumer perspective. 10/9/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=291 The once-ignored U.S. small-business customer segment is growing in sophistication and is expected to spend US$477 billion on financial products by 2010. Banks must alter their strategies in order to reap the benefits and reduce the number of lost opportunities. 10/2/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=288 As of Q2 2006, the NYSE Group and NASDAQ collectively account for 78% of the entire U.S. equities market. By Aite Group’s estimation, more than 20 other execution venues are battling for the remaining 22% of the U.S. equities market share. 9/25/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=290 Alternative execution venues have been experiencing substantial increase in their trading volume over the last few years. Aite Group expects to see industry's continued adoption of alternative execution venues, driven by the need for anonymity, speed, and size. 9/25/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=287 After a few years into their existence, multi-style portfolios and unified managed accounts have finally started to gain traction. Aite Group expects these products to cross the US$500 billion mark in assets by 2011, which will represent a combined 35% of 9/11/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=285 Aite Group forecasts that by 2010, 13% of checking accounts will be opened online in the United States, up from 3% in 2006. Aite Group recommends the leading online banking channel vendors should progress beyond software applications and offer value-added services, such as online marketing outsourcing, to remain competitive. 9/6/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=286 With origination volumes down 36% from 2003 and lenders anxious to maintain profitability levels, Aite Group forecasts that over the next three years, one out of every seven U.S. lenders will enhance their mortgage origination systems to remain competitive. Improved technology will enable lenders to operate more efficiently, better manage a broader product offering, and ultimately, differentiate their products and services within an increasingly commoditized market. 8/31/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=282 Aite Group predicts that in 2007 improving customer data will be a top ten priority for most sell-side firms. Enterprise Data Management (EDM) vendors will move into this space to take market share from CRM installations over the next three years. On average, only 68% of customer data is accurate across most firms prior to an improvement exercise, but that number can increase to a near 90% accuracy following data cleansing projects. 8/28/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=284 Aite Group forecasts that large and specialty banks will be the winners in the health savings account (HSA) market as they will see significant growth in the numbers of HSAs they provide. By 2010, large banks will likely support 40% of HSAs (up from 20% in 2006), and specialty banks will support 35% of HSAs (up from 30% in 2006). 8/21/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=283 Despite a dramatic increase in competition, Aite Group expects the NYSE Group and NASDAQ will hold onto their dominance in the U.S. equities market with a combined market share of close to 70% by 2010. However, increased market share will be won by aggressive regional exchanges as well as innovative ATSs. 8/14/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=281 8/2/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=279 U.S. banks and credit unions will spend more than US$4.2 billion over the next three years on new core banking systems; fear and cost is causing the majority of the market to maintain the status quo, however. 7/31/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=280 Aite Group predicts adoption of pre-trade compliance strategies will increase over the next year as a result of regulatory requirements that are forcing firms to capture, evaluate, and analyze more trade data. Regulatory mandates are creating more opportunities for pre-trade compliance technology; this technology is quickly transitioning from a nice-to-have to a near necessity. 7/31/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=278 7/25/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=277 By 2008, Aite Group predicts IT expenditures on credit derivatives trading and post-trade technologies will increase over 50% from 2005 levels. Recent trends in automation, particularly in the credit derivatives markets, are driving buy and sell-side firms to spend IT dollars on trading technologies and processing. This report profiles the vendors and technologies that are providing the best solutions to meet the growing technology demands of the credit derivatives market. 7/24/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=276 By 2011, Aite Group forecasts a range of 25% to 60% (up from 2% to 10% in 2006) of global banks integrating consequential client-facing capabilities in trade finance and cash management. Client-focused bundling of trade finance and cash management services will ultimately lead to greater customer loyalty and profitability. 7/17/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=275 U.S. lenders will spend more than US$186 million on commercial mortgage technologies by 2008. Approximately 70 percent of the top 100 lenders will invest in new or enhanced technologies during that period. 7/5/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=274 By 2010, spending by U.S. banks on software solutions for online authentication, fraud detection and anti-phishing will increase to US$88 million, up from US$22 million in 2006. 6/30/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=273 Ninety percent of the money spent by banks on vendor-built fraud detection solutions is focused on detecting and mitigating external fraud, signaling an important overlook to the growing threat of internal security breaches. 6/23/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=272 The confluence of market and regulatory pressures coupled with the drive for greater operational efficiency and the desire to cut transaction costs, from the current US$250-US$900 per trade, are coming to bear on the credit derivatives market. 6/16/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=271 6/15/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=270 Aite Group forecasts that the actions being taken by the Society for Worldwide Interbank Financial Telecommunications (SWIFT) to make corporate access to their robust, secure network easier and more attractive will result in 3,000 corporate participants by 2010, and will lead to new opportunities for banks to provide services to those corporates. 6/12/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=269 Despite relatively flat spending on operational improvements and lack of industry focus on STP, financial institutions are improving operational efficiency with four key initiatives that are bringing them closer to an STP environment. In this report, we highlight the four initiatives - eliminating paper, business process management, platform improvements, and post-trade process outsourcing - and industry drivers that are facilitating a new STP reality. 6/7/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=268 Aite Group discovers "Ivy League Moms," a lucrative new consumer segment, with estimated size of almost 10 million US households and investable assets of $6.5 trillion. The report advises financial firms on acquisition and retention strategies for this untapped segment. 5/17/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=267 Aite Group expects an increased emphasis on money laundering compliance. AML vendor offerings are improving as emerging needs are identified. 5/12/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=266 Aite Group expects the U.S. Securities & Investments industry to spend US$27.3 billion in 2006, representing a 3.4% growth from the previous year. 4/26/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=265 The number of U.S. commercial banks offering multi-factor authentication to secure browser-based cash management solutions will increase from 7% to 55% by year-end 2006, creating a paradigm shift within the industry. 4/21/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=264 An Aite Group’s survey of 21 of the top 50 U.S. retail banks indicates that 57% of U.S. major banks are planning to roll out online multifactor authentication by the end of 2006, with 34% expecting to complete the roll out in 2007. 4/17/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=263 Aite Group estimates that at the end of 2005, approximately US$20 million was spent both in the United States and the United Kingdom in commission management systems. Driven by urgent compliance needs, Aite Group expects a robust growth over the next thre 4/3/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=262 From the time the EDM Council was created through today, many discussions and forums have taken place, and many articles have been written about the topic. Most have lead to the same basic next step: More talk and little action. At least, that is the way it would appear on the surface. Under the covers, data management is starting to create some noise. 3/26/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=261 3/22/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=259 Trade finance banks are at a critical juncture, and Aite Group forecasts they will invest more than $600 million by 2009 on new technologies as they build for the future and position themselves in the marketplace. 3/16/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=260 The number of U.S. banks offering remote deposit will increase over 1000% by 2009 as this technology emerges from infancy. 3/16/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=258 Aite Group reveals that by 2010, over 1.3 billion walk-in bill payments will be performed in the United States, including cell phone top-up, up from about 1.0 billion in 2005. Walk-in bill payment processors will generate US$1.9 billion in revenues by 2010, up from US$1.1 billion in 2006. 3/13/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=257 Aite Group expects that the Bankruptcy Abuse Prevention and Consumer Protection Act, an overhaul of U.S. bankruptcy law, will not fundamentally change how bankruptcy functions, nor will it dra¬matically improve financial results for credit lenders. 3/6/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=256 Sales leakage is one the most pervasive customer management problems facing retail financial institutions in the United States today. In a recent survey of 195 financial institutions, Aite Group found that a staggering 26% could not be contacted effectively online and 77% of those contacted failed to respond to inquiries from prospects. 2/27/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=255 In 2006, IT organizations are now budgeting for annual compliance spending and setting clear goals on where those compliance dollars will be most effectively leveraged for specific initiatives. 2/24/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=254 European cash management banks are shifting away from traditional practices as they face new challenges and an increasingly global customer base. 2/23/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=253 After several failed attempts, transactional financial services kiosks are making a comeback to serve fringe banking users. Fringe banking users are unbanked and underbanked consumers, as well as banked consumers who may use alternative financial services providers for convenience reasons. Aite Group expects the number of transactional financial services kiosks to grow from about 21,400 in 2004 to 57,400 by 2009. 2/8/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=252 In the next three years, Aite Group anticipates service-oriented architectures will encompass over 75% of all new development in financial services. 2/1/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=251 Popularity of algorithmic trading and DMA services continues to increase in the U.S. equities market at the expense of high-touch, full service brokerage services. 1/18/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=250 In a rapidly transforming fraud management industry, innovative technology vendors are forcing new competitive trends upon their peers. Aite Group highlights the 13 most significant competitive trends that are reshaping the industry to the benefit of fina 1/10/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=248 Aite Group advises banks to differentiate themselves with hot product offerings and innovative acquisition and management strategies. 1/9/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=249 Despite the rough waters ahead, banks are expected to pursue or engage in a number of significant marketing and technology initiatives in 2006. 1/9/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=247 While adoption of biometric technologies by the financial services industry has been slow to date, new circumstances are causing many institutions to give this technology a second look. 1/3/2006 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=246 12/22/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=245 As more vendors work with standard protocols, integration efforts between like-architected systems are exponentially more cost effective and easier to execute 12/20/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=244 Regulations, compliance and drive towards operational efficiency dominate the key industry trends for 2006. 12/14/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=243 As popularity continues to grow in derivatives instruments, the projected IT spending in derivatives management operations is expected to surpass US$7 billion by the end of 2009. 12/12/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=242 The latest guidelines on acceptable approaches to user authentication will place an additional burden on banks. But Aite Group believes that institutions have ample time to diligently identify risks and analyze possible solutions to reduce those risks. In addition, these are activities banks should be doing whether they are mandated by regulators or not. 12/2/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=241 Aite Group reveals that in 2004, Hong Kong had the highest number of non-transit, electronic low-value payments per inhabitant in the world, with 21.8 transactions per inhabitant, compared to 7.5 transactions per inhabitant in the United States. Yet, no country can pretend they have cracked the code for how to turn low-value cash transactions into electronic payments. 11/16/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=240 As pressures to reduce transaction costs in order to be competitive increase, correspondent clearing firms have renewed interest in acquiring the residual revenue generated from providing the workstation tools advisors need to generate revenue in the current retail climate. 11/12/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=239 As the U.S. cash management industry transitions for a challenging and more competitive environment, smaller players are strengthening and vying for the market share now held by the top five providers. 10/31/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=238 According to a new report by Aite Group, LLC, in partnership with Vodia Group, LLC, over the next three years, alternative venues for executing securities lending and derivatives transactions will create a host of new challenges to the top Prime Brokers. 10/17/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=237 A biller survey suggests the credit and debit card share of biller direct payments will grow from 14% in 2004 to 17% in 2005. Meanwhile, the share of biller direct payments processed by the Automated Clearinghouse (ACH) will decline from 85% in 2004 to 82% in 2005. 10/14/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=236 As brokers look beyond recent forced initiatives in compliance and regulatory areas and focus on revenue opportunities again, they will be well-pleased with the landscape of available opportunities for their retail sales force. 10/8/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=234 Aite Group believes that new tools available for online account opening will accelerate adoption, as more institutions attempt to manage costs by increasing self service options. But the long-term benefit to institutions may be the ability to broaden their offerings across lines of business. 9/23/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=233 Prepaid debit and stored value card transactions will amount to about US$257 billion transactions by 2009, up from US$63 billion in 2004 in the U.S. By 2009, prepaid processors will generate US$1.8 billion in revenues, up from nearly US$0.5 billion in 200 9/13/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=232 8/31/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=231 The use of Visa and MasterCard prepaid debit cards for outbound U.S. money transfers has taken off. Money transfer cards will capture 4.4% of the U.S. outbound remittance market in 2007, up from 0.7% in 2005 8/24/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=230 While powerhouse discount firms are alive and kicking, their business models are not. The truth is that discount brokerage is dead. These firms are emerging from the ashes with a new model, picking up the rivals who failed to adapt along the way. 8/22/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=229 Information management continues to be the single biggest issue for small and mid-market firms. Underpinning all of their issues and opportunities is the ability (or lack thereof) to aggregate firm data into a meaningful and accessible structure. 8/10/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=228 8/8/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=221 7/29/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=220 As a result of the passage of Regulation NMS, the role of electronic connectivity has taken center stage, requiring all major market participants to carefully evaluate reliable and speedy connectivity options as a competitive necessity. 7/27/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=222 7/20/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=218 According to a new report published by Aite Group, IT spending on enterprise data management projects will continue to increase over the next few years, reaching well over US$2 billion by the end of 2009. 7/13/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=219 Though the share of bank transfers in e-commerce transactions jumped from 3% in 2000, to 7% in 2004 in the U.S., the case for online banking initiated e-commerce payments remains weak in the U.S. 7/12/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=216 By 2008, Aite Group expects electronic trading to account for over 60% of total U.S fixed-income trading volume, as leading platforms continue to expand into less liquid products, improve price transparency, and provide high levels of STP capability. 6/20/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=217 Aite Group predicts that Account Receivable Conversion (ARC) will plateau at 4.0 billion items by 2007-2008, up from 1.2 billion in 2004. In the meantime, there will be minimal competition between ARC and check image exchanges. 6/20/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=213 Financial institutions across the globe will spend over US$254 million on third-party vendors of fraud detection software by 2008, up from US$174 million in 2005. With over 40% to be spent in the U.S., enterprise software platforms and business process outsourcing will gain momentum. 5/25/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=215 Institutions comply with FACTA, but procedures largely untested. 5/9/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=212 Aite Group predicts that account-to-account (A2A) transfers will account for US$60 billion by 2008, up from US$19 billion in 2005. Aite Group urges financial institutions to expand the range of payment services offered through their online banking applica 4/26/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=223 4/24/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=211 IT spending on algorithmic trading will exceed US$300 million by the end of 2008, as the demand for algorithmic trading continues to grow. 4/19/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=210 According to a new report published by Aite Group, the U.S. securities industry will end up spending over US$500 million on IT during the next four years as key market participants scramble to comply with Regulation NMS. 4/14/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=214 Accounting for close to 30% of algorithmic trading market share, agency brokers present the most formidable threat to bulge bracket firms in the algorithmic trading services market, according to a new report published by Aite Group. 4/13/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=224 4/11/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=225 4/4/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=207 Aite Group estimates that bulge bracket firms currently account for more than 60% of market share in providing algorithmic trading services to the buy-side community 4/4/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=208 Aite Group suggests regulators should refrain from capping card interchanges in the U.S., and rather encourage merchants to develop their own debit network. 4/4/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=209 With identity theft 7 times higher in the U.S. than in other developed countries, Aite Group urges financial institutions to shift the ID verification paradigm-rely less on credit bureaus and information brokers, and rely more on third parties that provide scores and do not trade consumer data. 4/4/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=206 Aite Group expects algorithmic trading volume to account for over 40% of total U.S. equities trading volume by 2008 as algorithmic trading moves from a market driven by quantitative hedge funds and proprietary trading desks to one driven by mainstream buy-side firms. 3/28/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=227 Boston, MA, February 14, 2005 – We are pleased to announce the launch of Aite Group, LLC, an independent research and advisory firm focused on business, technology and regulatory issues and their impact on the financial services industry 2/14/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=205 A new generation of technology providers is stepping into the US$1 billion EBPP industry. New entrants are betting on the combination of Internet technologies, cards, and the growing integration between payment, bill presentment, and e-care to challenge the legacy consolidator model offered by banks. 2/9/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=202 Aite Group expects the U.S. securities & investments industry to spend US$26.4 billion in 2005, representing a modest 2.7% increase from 2004. 1/26/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=204 Aite Group reveals that major cash-to-cash money transmitters continue to gain market share in the rapidly expanding workers’ remittance market. Global workers’ remittances will reach US$289 billion by 2007, up from US$231 billion in 2004. 1/25/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=226 1/20/2005 http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=203 Aite Group reveals that the walk-in bill payment industry generates about US$1 billion in annual revenues, an amount equivalent to the entire EBPP industry. 1/17/2005