Distribution Technology sees further IT consolidation

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The next 12-18 months should see the industry move towards deals that tie up different front-end systems to create single point-of-sale solutions for intermediaries, says Ben Goss, managing director of Distribution Technology.

Existing research suggests, for example, use of asset allocation tools has increased by 100% in the past year, Goss says. “It’s really a sign of how things are changing in the front office.” Subsequently, Goss sees the typical use of eight or nine different front-end software products being joined up to create the single POS offering. This does not necessarily mean consolidation will come through acquisitions. Distribution Technology (DT) product Dynamic Planner, for example, is being integrated with Sirius Financial System’s back office solution to produce a one-stop solution prima...

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