Financial-i announces winners and companies to watch in its inaugural Leaders In Innovation AwardsLONDON, November 9, 2006: Financial-i magazine has announced winners across more than 50 categories in its inaugural Leaders in Innovation Awards.
In conjunction with feedback from leading analyst firms and consultants covering the wholesale transaction banking space, financial-i has compiled a list of companies it considers to be innovation leaders in categories encompassing:
To be published in the Q4 edition of Financial-i, the inaugural 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 shareholder value, IT decision makers in wholesale financial institutions and their customers (including multinational corporations and investment manager) are seeking business solutions that are: cost effective, help solve common business problems (STP, integration across departmental silos, automation of manual processes), are less time consuming and costly to implement, enhance overall efficiency and transform bank to customer communications.
In selecting our winners we focused on product innovation over the last 12 to 18 months, cost effectiveness of solutions in terms of implementation and deployment, potential business benefits, ease of implementation and the ability to tackle specific business issues or problems.
Leaders in Innovation is not just about rewarding the banks and vendors with the largest market share or the most profitability. And although some companies may be pioneers in their space, it is about recognising those companies that demonstrate an ongoing commitment to product innovation. In an attempt to highlight some of the smaller-to-medium-sized companies that are entering this space, we have where applicable, identified Companies to Watch. These are in some instances, up and coming companies that may not have the geographical footprint or market penetration of larger providers, but are breaking new ground in terms of the development of innovative solutions.
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 essential backbone of wholesale transaction banking. The list of winners in the inaugural Financial-i Leaders in Innovation Awards are: Securities services: List of winnersThe most innovative securities services provider in Europe: BNP Paribas The most innovative securities services provider in North America: Brown Brothers Harriman The most innovative securities services provider in Asia: HSBC The most innovative securities services provider in the Nordic Region: Nordea The most innovative fund administration and accounting solution: SunGard The most innovative brokerage securities processing system: SunGard The most innovative derivatives processing solution: Calypso The most innovative execution management system: Goldman Sachs REDIPlus The most innovative order management solution: Charles River The most innovative corporate actions solution: CheckFree The most innovative securities lending solution: Equilend The most innovative reference data solution: Asset Control The most innovative electronic proxy voting solution: ADP The most innovative securities outsourcing solution: JPMorgan Worldwide Securities Services Treasury & FX: List of winnersThe most innovative cash management provider Europe: Deutsche Bank The most innovative cash management provider North America: Citigroup The most innovative cash management provider Asia: HSBC The most innovative cash management provider the Nordic Region: SEB The most innovative cash forecasting solution: Aceva The most innovative liquidity management solution: Aleri The most innovative treasury management software provider: XRT The most innovative online FX dealing solution: State Street FX Connect The most innovative trade finance solution: Misys The most innovative e-payments solution: Clear2Pay The most innovative e-invoicing solution: Nordea/Tietoenator Network services: List of winnersThe most innovative global IP network: BT Radianz The most innovative VoIP solution: Orange Business Services Trading Solutions The most innovative ERP solution: Oracle The most innovative core banking systems solution: Temenos The most innovative grid computing solution: DataSynapse The most innovative enterprise application integration solution: IBM The most innovative financial messaging solution: Volante Technologies The most innovative SOA solution: BEA Systems The most innovative BPM solution: Tibco The most innovative business process outsourcing solution: Accenture The most innovative enterprise service bus solution: Progress Software/Sonic Risk management: List of winnersThe most innovative operational risk solution: CheckFree The most innovative enterprise risk management solution: Hyperion The most innovative disaster recovery/business continuity solution: SunGard Availability Services The most innovative email and IM compliance solution: FaceTime The most innovative Internet security solution: VeriSign The most innovative AML solution: Fortent (formerly Searchspace) The most innovative digital identity management solution: IdenTrust The most innovative exceptions and investigations solution: Smartstream Data management: List of winners The most innovative data storage solution: Hitachi Data Systems The most innovative data management solution: GoldenSource The most innovative enterprise data retrieval and analytics solution: Xenomorph The most innovative market data analysis solution: Vhayu Technologies The most innovative market data latency solution: Wombat Financial Software The most innovative real-time market data management solution: Arcontech The most innovative data aggregator: Telekurs Financial About DataSynapse DataSynapse is a world leader in dynamic application service management software for the always on, always responsive data center. The DataSynapse platform is used by leading organizations to deliver, manage, and optimize scalable enterprise-class application services. DataSynapse provides a standardized, automated approach to configuring, activating and scaling enterprise applications in real-time environments for many of the world’s leading companies. For more information, please visit www.datasynapse.com.
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