Apps Run The World

European Central Bank Software Purchases and Digital Transformation Initiatives

Last updated on 2021-08-30 12:55:57

Discover the latest software purchases and digital transformation initiatives being undertaken by European Central Bank and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 3923 European Central Bank employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.

During our research, we have identified that European Central Bank has purchased the following applications: Google Optimize 360 for Marketing Analytics in 2020, ION Wallstreet Suite for Treasury Management in 2020, OpenLink Findur for Treasury Management in 2018 and the related IT decision-makers and key stakeholders.

Our database provides customer insight and contextual information on which enterprise applications and software systems European Central Bank is running and its propensity to invest more and deepen its relationship with Google , ION Investment Group , In-House Applications or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.

We have been analyzing European Central Bank revenues, which have grown to $1.93 billions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for European Central Bank intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.

About the Customer

The European Central Bank is the central bank for the euro and administers the monetary policy of the euro area, which consists of 19 EU member states and is one of the largest currency areas in the world.

Scope and Challenges

As one of the world’s largest supranational public financial institutions, the risk, and treasury management system was a mission-critical initiative for the European Central Bank.

Outcome and Implications

OpenLink's solution supports all market operations linked to ECB’s management of euro-denominated investment portfolio, decentralized management of the ECB’s foreign reserves, and various monetary policy-driven asset purchase programs.

The digital project went live in 2018.

Quotes

“OpenLink is deeply committed to helping the ECB and other central banks evolve in step with regulatory changes, the need for advanced reporting and data analytics, and other market shifts.”

“We are proud to collaborate with the ECB as it further enhances its risk and treasury operations for the Eurosystem,” said Bernard Delahaye, Chief Revenue Officer of OpenLink in EMEA.


Sonnemannstrasse 22
Frankfurt am Main, 60314 , x
Germany
49 69 13440
https://www.ecb.europa.eu/
Industry Employees Revenue
Banking and Financial Services 3923 $1.93B

Enterprise Software and Cloud Applications being used by European Central Bank


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Vendor Old Product New Product Category Market Users VAR/SI When Live
Vendor Old Product New Product Category Market Users VAR/SI When Live

IT Decision Makers and Key Stakeholders at European Central Bank


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