Spending on reconciliation technologies up 10% by 2009
BOSTON – The availability of advanced third-party reconciliation systems applicable across a wider range of complex data sets will prompt investment managers to increase their spending on these technologies from $212 million this year to $280 million by 2009.
A recent TowerGroup report, Reconciliation Technology: Advancing Beyond Cash and Securities Reconciliation, notes that buy-side firms have begun extending their use of reconciliation software from conventional back-office functions of
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