December 2012

December: IT and Telecom News

December 2012 Recent Industry News


Over 300 R2 Certified

SAI Global certified three facilities of AER Worldwide this week, pushing the total number of R2 certified facilities to 301. Organizations have achieved R2 certification at an unprecedented growth rate of 50% over the last 6 months. The 200th facility was added just in May 2012. This explosive growth rate in 2012 has established the R2 Standard as the most widely demanded certification for electronics recyclers, refurbishers, and resellers in IT asset disposition.

For more information on the R2 Standard, please visit R2 Solutions website (


Compliance and risk regulations to drive technology spending in 2013

Buy side to invest in IT to reduce dependence on brokers whilst sell side will focus on product accounting for more complex, multi-asset strategies

A combination of a depressed world economy and tougher regulation will make the financial markets rally to IT in order to underpin more risk-averse business strategies, according to a new report from Ovum*.

Regulatory compliance in particular will place further IT investment requirements on market participants, with risk analytics (covering market, credit, operational, and a new dimension, liquidity risk) becoming key. In particular, companies will harness emerging ‘in-memory’ technology capabilities to handle the kinds of volumes of data at the speeds required for intraday risk management and reporting.

The buy side will focus on client servicing as investor returns wane in 2013, making reports on how portfolios are performing more transparent, frequent, and readily accessible, with a big push into enabling access from mobile devices, for instance.

In an effort to drive cost out of its business, the sell side is predicted to increase the automation and optimise post-trade operations, with cloud services becoming a serious option for a number of functions.

“With 2013 comes a lot of challenges for the financial markets, with both the buy and sell sides of the industry turning to greater use of technology as the solution,” commented Rik Turner, Senior Analyst, Financial Services Technology, Ovum. “The buy side is looking to lower its dependence on brokers with heavy investment into front-end services as it looks to retain a much less faithful client base, whilst the sell side looks to underscore its complex multi-asset strategies with greater product accounting”.

Ovum and Banking Technology will be hosting the inaugural Ovum Banking Technology Forum event on 5th December 2012. Held at the Grand Connaught Rooms, London, the event provides a platform for discussion around regulatory reform and how technology can transform how the financial industry works.

For further information please contact Claire Booty on +44 (0) 20 7017 7916, or email


Jointly awarded IIAR Global Analyst of the Year 2012, Ovum provides clients with independent and objective analysis that enables them to make better business and technology decisions. Its research draws upon over 400,000 interviews each year with business and technology, telecoms and sourcing decision-makers, giving Ovum and its clients unparalleled insight, not only into business requirements but also the technology that organizations must support. Ovum is an Informa business.

*2013 Trends to Watch: Financial Markets Technology