Costs are rising, thanks mainly to regulation; competition is generally driving fees downwards; and Legacy systems and process are under pressure.
Last October, Advent Software hosted a Leadership Roundtable at the Dubai International Finance Centre with senior executives from a variety of financial institutions, as well as legal and regulatory experts.
The roundtable identified a number of implications for technology vendors.
For example, outsourcing will most likely continue to grow strongly; financial firms will tend to move towards one, rather than multiple, vendors; and vendors will have to continue to work with others to provide solutions for financial firms in the region.
