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Consolidation is on the cards

2007 could prove to be the year of consolidation,

The industry will wait to see whether Capita and Vertex can fulfil their ambitious plans for true straight-through-processing.

After their 2006 acquisitions, the two firms will start working towards consolidating the systems of the underlying businesses.

This is a mammoth job but, once achieved, should provide IFAs with a simple system with one set of data entry, one set of log-ins and one interface.

Technology buffs everywhere will wait to see who makes a bid for Vertex, after United Utilities made it very clear in 2006 that Vertex was not a priority to its business.

With several other outsourcing companies and venture capitalists reputedly in the frame, it looks like this acquisition might be a slow-burner.

The mortgage players in the tech world are expected to make a bigger impact this year, with Trigold recently buying Dashboard and Mortgage Brain acquiring CDS-owned The Key.

This, in addition to Origo mortgage standards kicking in, should prompt widespread improvements in efficiency in the mortgage market.

Assureweb is starting the new year with a new brand identity in a bid to differentiate itself further from its previous part-owner Sesame and redefine itself with a new, modern look.

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