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EMEA Banking 2010 Top 10 Predictions: The Year of IntelligencePublished by: IDC Published: Jan. 26, 2010 - 19 Pages Table of ContentsTable of Contents Predictions In This Report Situation Overview On the Road to RecoveryThe Dynamics of 2010: Three ThemesIT Spending Will Remain Flat in 2010Banking Business DislocationFuture Outlook 2010 PredictionsPrediction #1: Risk Spending Will Dominate Otherwise Flat IT Spending PrioritiesPrediction #2: Banks in 2010 Will No Longer be Able to Afford Tactical Regulatory Investment as Compliance IT Budgets Grow to 25%Prediction #3: Banks Will be Challenged to Take Out 10% IT Costs to SurvivePrediction #4: Independent Risk Control Will Become Integrated Risk Control as Risk Management Moves Closer to the Point of OriginationPrediction #5: Data Management Strategy Will be Revised to Deliver Control Back to the Business and End UserPrediction #6: Two More Big European Banks Will Fail, While Many Small Institutions Will be Forced to MergePrediction #7: New Government and Regulatory Requirements Will Open the Market to More Nimble CompetitorsPrediction #8: Will the Banking Industry Finally Tackle the Single Customer View?Prediction #9: Better Business Intelligence Will Allow Banks to Battle for SMEs in 2010Prediction #10: In 2010, Mobile Banking Will Gain Critical Momentum, Contactless Payments Will Not Achieve Critical Mass, and Mobile Payments Will Continue to FailEssential Guidance Essential Guidance for BanksGet Your House in Order!Essential Guidance for VendorsHome in Your Skills!Learn More Related ResearchSynopsisFigure: Real GDP Growth (Annual Percentage Change) Figure: Bank Profit and Loss, Nine Months to 2009, €B Figure: 2010 Market Dynamics for EMEA Banking Figure: EMEA IT Spending Forecast, 2010 Figure: Selected EU Countries' Total Number of Credit Institutions, December 2002 to December 2009, Three-Year CAGR -10.57% Figure: New Regulations for Banks — A Lot to Think About AbstractThis IDC Financial Insights report presents our top 10 predictions for EMEA financial services. Focus, transparency, and resolve will continue to be the guidelines for 2010, as banks tackle continued economic and financial strain. As the cost of doing business increases, banks that can harness information to deliver real intelligence will lead the pack. The difficulty over the next 12 months will be balancing the cost of doing business and growth opportunities. According to Rachel Hunt, director for EMEA banking research, "Banks that started transformation projects three years ago will be better placed to compete in the future, while small institutions need to understand that few will survive the greatest market dislocation we have ever seen, without considerable review of their operating models. 2010 will be the year of intelligence as a competitive differentiator, as they tackle regulation, increasing audit and transparency requirements, and new competitors." Get Full Details About This Report >> |
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