Ranking the Vendors of Wealth Management Technology 2002: Data Consolidation
| Boston, MA, USA Milan, Italy October 31, 2002 |
In the first of a four-part series on wealth management technology, Celent Communications evaluates the leading vendors in the data consolidation market.
Data aggregation, a technology that was once expected to provide a much needed service to self-directed investors with multiple online accounts, has evolved along with the entire retail financial services industry. Data aggregators now focus not only on end clients, but also on the relevant financial intermediaries -- financial advisors.
Unlike the mass retail market, however, those solutions targeting the wealth management market must go beyond simple screen scraping of data. Instead, they must endeavor to take the next logical step in data aggregation by applying data normalization and enrichment processes to ensure accuracy and timeliness.
Who are the leaders in the data consolidation vendor market? In the new 32-page report, ,Celent Communications analyzes the solutions of 6 vendors and ranks them. The rankings are based on five criteria: usability, core functionality, quality of sources/data, market penetration, and track record. Top Vendors of Data Consolidation
Source: Celent Communications
|of Celent Communications' Retail Banking, Retail Securities and Investments and Life/ Health Insurance research services can download the report electronically by clicking on the icon to the left.|