Emerging markets ramp up

Asset and liability management systems sales continue to be strong in the US and Europe, thanks to Basel II preparations. But it is in the emerging markets that vendors say strong sales growth will come in 2002.

Banks headquartered in the emerging economies of Asia, Africa, and Eastern Europe are investing heavily in asset and liability management (ALM) systems, according to systems vendors and bank executives. The banks in these three regions are being prodded by both regulators and competitive forces to increase the sophistication of their ALM systems. As a result, technology vendors expect the share of their revenues from emerging markets to increase substantially over the next five years