Market Analysis: Signals of Recovery in Singapore Banks' IT InvestmentsIDCOctober 25, 2009 18 Pages - SKU: IDC2496114 |
| Countries covered: Singapore This IDC Financial Insights report presents IDC Financial Insights' view of the key strategic imperatives and technology priorities of Singapore-based banks in the postcrisis environment. This report features the key agenda items discussed at the recent IDC Financial Insights Singapore Banking Roundtable. Michael Araneta, senior consulting and research manager at IDC Financial Insights Asia/Pacific remarks, "IT teams should look at the return of a more positive climate as an opportunity to prove that the 'doing more with less' lessons from the crisis are not put to waste. Meanwhile, vendors have to prepare their value propositions for a postcrisis banking industry in Singapore." Araneta continues, "Moves by the domestic banks to go regional and the hubbing initiatives prevalent in the market point to how Singapore's banking industry will become yet more international. This means that the Singapore-based IT executive will become more influential not only in regional architecture issues but also in keeping significant hold of investment dollars." |
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