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Market Analysis: Signals of Recovery in Singapore Banks' IT Investments

Published by: IDC

Published: Oct. 25, 2009 - 18 Pages


Table of Contents


Table of Contents
Financial Insights Opinion

In This Report
The Singapore Banking Roundtable, 2009
Situation Overview
Not Just Cost Management
Customer Centricity
Improving Employee Performance
Future Outlook
Vendor Management to Keep Costs Down?
Key Initiatives in a Recovery Environment
Risk and Compliance
Customer Experience and Multichannel Efficiency
Operational Efficiency
Essential Guidance
Actions for Financial Institutions
Actions for Vendors
Learn More
Related Research
Synopsis
Figure: 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

Abstract

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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