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Market Analysis: Signals of Recovery in Singapore Banks' IT InvestmentsPublished by: IDC Published: Oct. 25, 2009 - 18 Pages Table of ContentsTable of Contents Financial Insights Opinion In This Report The Singapore Banking Roundtable, 2009Situation Overview Not Just Cost ManagementCustomer CentricityImproving Employee PerformanceFuture Outlook Vendor Management to Keep Costs Down?Key Initiatives in a Recovery EnvironmentRisk and ComplianceCustomer Experience and Multichannel EfficiencyOperational EfficiencyEssential Guidance Actions for Financial InstitutionsActions for VendorsLearn More Related ResearchSynopsisFigure: Economic Crisis Recovery Expectation for Singapore Banks Figure: Economic Crisis–Specific Focus Areas for Singapore Banks Figure: Change in Spending on Technology for Singapore Banks in the Next 12 Months Figure: Importance Level of Strategic Imperatives for Singapore Banks in the Next 12 Months Figure: Areas of Highest Technology Spend Among Singapore Banks in the Next 12 Months AbstractThis 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." Get Full Details About This Report >> |
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