FINANCIAL-I ANNOUNCES WINNERS AND COMPANIES TO WATCH
IN ITS SECOND ANNUAL LEADERS IN INNOVATION AWARDS
London, November 20th, 2007 - Financial-i magazine has announced winners across more than 50 categories in its second annual Leaders in Innovation Awards.
The awards identify innovation leaders across wholesale transaction banking in
categories encompassing:
- Securities services
- Treasury & FX
- Network services
- Risk management
- Data management
Companies were short listed based on research conducted by our own team of
journalists, including input from analyst firms. For the first time this year short- listed
companies were presented to an advisory panel comprising industry analysts and
thought leaders. Their feedback was then used to help us decide winners and
companies to watch in each category.
Members of the advisory panel included:
- Steve Craggs, president of Saint Consulting, a director of Illuminatus
and vice-chairman of the Integration Consortium
- Cubillas Ding, senior analyst, securities and investments practice,
Celent
- Susan Feinberg, research director, wholesale banking, TowerGroup
- Richard Hogsflesh, managing director, R&M Surveys
- Philip Howard, research director, Bloor
- Neil Katkov, group manager, Asia research, Celent
- Frédéric Ponzo, managing director, NET2S
- Andy Sanderson, senior manager, capital markets, BearingPoint
To be published in the Q4 2007 edition of Financial-i, the second annual Leaders
in Innovation awards provide recognition for banks and software and hardware
vendors shaping the delivery of business solutions in wholesale transaction banking.
With an increasing emphasis on ROI and competing demands on wholesale financial
institutions’, corporate treasurers’ and investment managers’ IT budgets, companies
are seeking business solutions that are cost effective, help solve common business
problems (STP, integration across departmental silos, regulatory compliance,
speedier transaction processing), are less time consuming and costly to implement,
enhance overall efficiency and facilitate bank to bank and bank to customer
communications.
In selecting our winners we focused on these factors, which we put under the
general umbrella of innovation. Essentially what we were looking for is companies
that have demonstrated over the last 12 months their ability to innovate, whether it
is in terms of business strategy or the development of wholesale transaction banking
solutions, and for that innovation to have significantly impacted customers in terms
of their ability to deploy business solutions cost effectively, more readily interact and
integrate them with other applications, and the ability to use these solutions to solve
business specific issues or concerns.
“Leaders in Innovation is not about rewarding the banks and vendors with the
largest market share or the most revenues. Although some companies may be
pioneers in their space, our awards are about recognising those companies that
demonstrate an ongoing commitment to innovation. Twelve months is a long time in
the innovation stakes, so even though companies may have been judged innovation
leaders last year, we have focused on what they and their competitors have done in
the last 12 months to improve and build on these innovations.”
In an effort to highlight competing firms that have also made significant strides, but
not at the same level as the innovation leaders, where applicable we have also
identified Companies to Watch. The winners we have selected are by no means
an exhaustive list of all companies that are innovating in the wholesale financial
services space. However, we have tried to incorporate those areas that we cover
regularly in the magazine and that form the backbone of wholesale transaction
banking.
The list of winners and companies to watch in the second annual
Financial-i Leaders in Innovation Awards are:
1. SECURITIES SERVICES
Securities Services Provider Europe
Winner: Société Générale
Company to watch: HSBC
Securities Services Provider North America
Winner: Brown Brothers Harriman
Securities Services Provider Asia
Winner: Standard Chartered
Company to watch: State Street
Securities Services Provider Nordic Region
Winner: SEB
Order Management System
Winner: Fidessa LatentZero
Company to watch: Linedata
Execution Management System
Winner: Portware
Corporate Actions
Winner: CheckFree
Company to watch: XSP
Reference Data Management
Winner: Asset Control
Company to watch: Broadridge
Derivatives Processing
Winner: Calypso
Company to watch: Murex
Fund Administration & Accounting
Winner: SunGard
Company to watch: Rhyme Systems
Securities Lending
Winner: Equilend
Company to watch: ICAP
Securities Outsourcing
Winner: JPMorgan
Brokerage Securities Processing
Winner: SunGard
Company to watch: Coexis
Electronic Proxy Voting
Winner: Broadridge ICS
2. TREASURY & FX
Cash management provider Europe
Winner: Deutsche Bank
Company to Watch: Citi
Cash management provider North America
Winner: Citi
Company to Watch: JPMorgan
Cash management provider Asia
Winner: HSBC
Company to Watch: Standard Chartered
Cash management provider Nordic Region
Winner: SEB
Company to Watch: Danske Bank
Accounts Payable*
Winner: Bottomline Technologies
Accounts Receivable*
Winner: SunGard AvantGard GETPAID
Company to Watch: JPMorgan Receivables Edge
Real-time cash reporting*
Winner: Gresham Computing
Cash forecasting
Winner: Kyriba
Payment processing*
Winner: First Data
Company to Watch: Equens
Liquidity management
Winner: Aleri
Company to Watch: Citi TreasuryVision
Treasury management software
Winner: SunGard AvantGard
ASP treasury management solution*
Winner: SunGard AvantGard ASP
Company to Watch: Wall Street Systems
Corporate purchasing cards
Winner: MasterCard Worldwide
Online FX
Winner: FXMarketSpace
Trade finance
Winner: S1
Company to Watch: Surecomp
Supply chain management*
Winner: i2
Company to Watch: Oracle
E-payments
Winner: Clear2Pay
Company to Watch: CheckFree
E-invoicing
Winner: TietoEnator
Company to Watch: Xign
3. NETWORK SERVICES
Voice over IP (Internet Protocol)
Winner: Orange Business ServicesTrading Solutions
IP network
Winner: SAVVIS
ERP (Enterprise Resource Planning)
Winner: Oracle
Company to watch: SAP
Core banking
Winner: i-flex solutions
Grid computing
Winner: Hewlett Packard
Company to watch: Tangosol
Virtualisation*
Winner: DataSynapse
Company to watch: VMWare
IT configuration*
Winner: HP / Opsware
EAI (Enterprise Application Integration)
Winner: IBM
Company to watch: Tibco
SOA (Service-oriented Architecture)
Winner: IBM
Company to watch: Tibco
ESB (Enterprise Service Bus)
Winner: Progress
Company to watch: BEA
BPM (Business Process Management)
Winner: Tibco
Company to watch: Pegasystems
BPO (Business Process Outsourcing)
Winner: Infosys
Complex event processing*
Winner: Progress
Company to watch: Aleri
Business intelligence*
Winner: Relegence
Company to watch: Applix
4. RISK MANAGEMENT
Operational risk
Winner: SAS
Company to watch: Algorithmics
Enterprise risk management
Winner: SAS
Company to watch: SunGard
Disaster recovery/Business continuity
Winner: SunGard Availability Services
Email and IM compliance
Winner: FaceTime
Internet security
Winner: VeriSign
AML (Anti-money Laundering)
Winner: Norkom Technologies
Digital identity management
Winner: IdenTrust
Company to watch: SafeNet
Exceptions & investigations
Winner: SmartStream
Company to watch: Pegasystems
MiFID compliance*
Winner: FRSGlobal
Company to watch: Interactive Data
5. DATA MANAGEMENT
Data storage
Winner: Hitachi Data Systems
Company to watch: EMC
Enterprise data management
Winner: GoldenSource
Company to watch: Citadel Associates
Enterprise data retrieval and analytics
Winner: Xenomorph
Market data analytics
Winner: Vhayu Technologies
Company to watch: Sybase
Market data latency
Winner: Wombat Financial Software
Real-time market data management
Winner: KTS/Arcontech
Company to watch: Gissing Software
Market data aggregators
Winner: Reuters
Company to watch: Interactive Data Xcitek
* Indicates new award categories added this year
For further information please contact: Anita Hawser, managing editor, financial-i
Email: anita.hawser@financial-i.com
The winners of these awards have been judged on innovation and as such on our panellists’ subjective judgement. They do not constitute advice and no party should rely on or use any material in this survey to make, or refrain from making, any decision or take, or refrain from taking, any action. Financial-i and its employees, partners and affiliates accept no liability from any action or decisions so taken
For further information, contact:
US/UK Press Contact:
Michelle Lindenberger
+1 212 901 2224
michelle.lindenberger@equilend.com
About EquiLend
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