European Retail Banking Technology Business Update Q4 2009 (Business Update)Ovum PlcDecember 23, 2009 SKU: OV2577844 |
| Countries covered: Europe Introduction This brief looks at the key market developments in European retail banking during Q4 2009, and provides a summary of selected Q3 financial results, highlights of other notable industry developments and prominent retail banking technology deals announced during the most recent quarter. Scope
Haunted by the spectre of poor decision-making, Europe's retail banks find themselves dealing with the effects of increasing impairment charges and bad debt. Balance sheets are partially being repaired by means of asset disposal, but attracting additional deposits from savers remains notoriously difficult due to unattractive interest rates. Europe's banks will need to adopt a twin-track strategy of making careful investments in new technology, while simultaneously extracting greater value from existing systems. Reasons to Purchase
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