| Headline: Advantage ASPs in technology game Source: Euromoney Date: August 2001 Author: Jonathan Brown The growing use of the internet in financial services provides a new challenge to banks’ already stretched in-house technology teams. They must build new systems quickly at a time of rapid and fundamental developments in software and financial operations. The risk is that banks may spend heavily to develop proprietary systems that are already out of date by the time they are up and running. Application service providers may offer the answer, if banks can bring themselves to trust them.
This is precisely what the new generation of application service providers (ASPs) claim they offer to the banking industry and to new alternative trading systems as they struggle to build out their internet infrastructure. | |||||||||||||||||||||||||||||||||||||||||