|
|
Industry pressures & drivers around core systems (Market Focus)Published by: Datamonitor Published: Sep. 28, 2007 - 7 Pages Table of Contents
AbstractIntroductionCore system replacement/ transformation has become a growing strategy for tier 1 & 2 institutions in Europe and ,increasingly, North America as compliance pressures, need to faster time-to-market and organization agility create a need to re-vamp the back office. This creates a number of challenges as to how best tackle the scale and provide future-proof solutions. Scope Covers the European and North American retail banking core systems market Areas covered include market challenges, including economic pressures and the regulatory environment Highlights The wider macroeconomic environment is placing increasing pressure on banks. Rising interest rates, inflation and stock market shocks are all contributing to a more complex market for financial institutions. Banks that have efficient back office operations will triumph in the long term. Banks are trying to protect their margins and differentiate themselves as best they can in a market which is becoming both increasingly competitive as well as commoditized. As these dynamics intensify, particularly within more mature geographies, being responsive to market demands is increasingly important. Depending on a bank's global footprint, it will face a multitude of regulations, many of which will impact their core systems strategies, either directly or indirectly. As a result, multinational banks in particular can no longer address separate regulations on an ad hoc basis as the volume and complexity of the requirements are prohibitive. Reasons to Purchase Gain visibility into the dynamics of the retail banking core systems market; Gain market insight to assist in your strategic planning and go-to-market strategy Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||