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Aug 01 2011

Financial Chronicle- Mobile tech in smartphones, iPads to drive future capital markets: Sapient


Mobile technologies employed in smart phones, iPad and smart devices will drive capital markets in the future as clients demand high performance technology solutions, said a top official at Sapient, a global services firm.

Sapient Global Markets, a leading provider of services to today’s evolving financial and commodity markets which involves investment banks, investment management firms, commodity and energy firms, intermediaries, even the government and regulatory bodies.

Abhishek Bhattacharya, director - Technology, Sapient Global Markets said, “Enhanced mobile device capabilities and more specifically the advent of tablets, have opened up great possibilities for businesses to interact with their customers and provide enhanced user experience. This is changing the way capital and commodity markets businesses were done.”

Mobile application market is set to grow aggressively over next few years, with application downloads and revenues expected to grow nearly four fold from the current levels.

According to a Forrester report in March 2011, three service lines have emerged for mobile applications including building mobile apps, managing apps and devices, reinventing business processes and back-end systems. These are expected to become over $17-billion opportunity by 2015.

Bhattacharya said a mobile bank could utilise innovative new technologies and design patterns to drive competitive advantage.

“Smart phones are growing at an incredible speed in India, Elsewhere, like in EU, smart phone applications have tripled. Financial institutions all over the world are looking at how they can build solutions related to banking, trading and insurance. While we are not a major player in India right now, we see the market evolving at a pretty good speed,” said Bhattacharya.

Sapient, which also provides solutions for derivative platforms, has more than 2,000 staff members in India that work as a part of the global delivery model.

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