Small OR vendors doomed says latest Chartis report
LONDON – The days of the niche operational risk management (ORM) component vendors are numbered, with their place set to be taken by integrated solution vendors, according to the Operational Risk Management Systems 2006 report from Chartis.
In the course of the last year, the number of component vendors exiting the market like JP Morgan's Horizon, or been acquired by bigger players, such as Financial Objects takeover of Raft, has increased dramatically. The Chartis report notes that the heightened activity is 'typical of a fragmented and maturing software sector' and that 'several of the niche players have struggled to grow and break
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