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The knowledge platform for the financial technology industry

A-Team Insight Briefs

Survey Finds 100% Awareness of STP Between Banks, Corporates

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One hundred percent of the 58 financial technology managers surveyed across 22 international banks said their corporate clients were aware of the STP rate between their back office and the bank, and that over half of them were actively working to improve this rate, in a recent poll taken by software house Fundtech. The interest in outsourcing has grown with 55 percent of respondents saying their institution is more interested this year than last. And 69 percent said their IT budgets would grow in 2005.

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