Driving forces for back office automation in financial institutions

4. What would you consider to be driving forces for reference data automation?

The reduction of errors and the need to implement risk management tools within financial institutions have proven to be the main driving forces for the automation of reference data. Other essential issues for the surveyed companies are the reduction of costs, the handling of large data volumes, and regulatory requirements. Generally speaking, the interviewed companies have their focus on improving the quality in their back office departments.

Do you currently plan to invest in the automation in the following areas?

Results 2006

Reduction of costs as driving force for reference data automation