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European Central Bank Software Purchases and Digital Transformation Initiatives

Last updated on 2020-08-13 12:09:53

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 3600 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: OpenLink Findur for Treasury Management in 2018, ACI UP Real-Time Payments for Payment Processing in 2016 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 ION Investment Group, ACI Worldwide 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 $855.0 millions 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 20
Frankfurt, 60314 , HE
Germany
49 69-1344-0
https://www.ecb.europa.eu/
Industry Employees Revenue
Banking and Financial Services Subscribe Subscribe

Enterprise Software and Cloud Applications being used by European Central Bank


Vendor Old Product New Product Category Market Users VAR/SI When Live
ACI Worldwide Legacy Applications ACI UP Real-Time Payments Payment Processing ERP Financial Management n/a n/a 2016 2016
Subscribe Subscribe Subscribe Treasury Management TRM Subscribe Subscribe 2018 2019

IT Decision Makers and Key Stakeholders at European Central Bank


First Name Last Name Title Email Phone
Subscribe Subscribe President Subscribe Subscribe
Subscribe Subscribe Chief Services Officer Subscribe Subscribe