The capital markets industry continues to grapple with high regulatory pressures, intense competition, and an uncertain economy. Market participants are adopting disruptive business models to contain costs and improve profitability. As the financial services industry undergoes a technology revolution through adoption of digital technologies, capital markets players are investing in next-generation technologies to stay ahead of competition. Buy-side and sell-side participants, as well as financial intermediaries are investing in risk & compliance management solutions, automation, cloud & open-source technologies, mobility, high-end analytics, and third-party platforms as they focus on cost reduction, standardization, and portfolio rationalization.
The evolving demand landscape is compelling IT service providers to adapt their offerings and invest in digital technologies, utility-based models, product & platform alliances, regulatory solutions, and co-innovation with clients.
In this research, we analyze the service provider landscape for large, multi-year application outsourcing relationships in the global capital markets sector. We have assessed 24 capital markets AO service providers for their capabilities in providing these services globally. These providers were mapped on the Everest Group Performance | Experience | Ability | Knowledge (PEAK) Matrix, which is a composite index of a range of distinct metrics related to each provider’s capability and market success. In this report, we focus on:
This report analyzes IT applications outsourcing in the global capital markets subverticals with a focus on large (TCV>US$25 million), annuity-based, multi-year (over three years) relationships. The analysis includes:
Everest Group has a complimentary four-page PEAK Matrix preview document for this service provider landscape report.