Business Strategy: Top 10 Strategic IT Initiatives for Asia/Pacific Banks in 2010 - Investing for the Comeback

Published by: IDC

Published: Jan. 24, 2010 - 28 Pages

Table of Contents

Abstract

This IDC Financial Insights report presents the Asia/Pacific team's views on the top 10 strategic IT initiatives for the Asia/Pacific banks in 2010. The report discusses why these initiatives are crucial to banks and other financial institutions looking to succeed in the upcoming year. The report also discusses how these priorities bear on the plans of technology providers that serve the banking industry.

Michael Araneta, senior research and consulting manager, Financial Insights Asia/Pacific, states, "Banks and technology vendors have to take full stock of the postcrisis competitive landscape, which will see new competitors entering the banking system, Asian-based super-regional banks gaining prominence, and industry consolidation gathering pace."

Li-May Chew, CFA, senior research manager, Financial Insights Asia/Pacific, comments, "Strategic IT priorities will shift toward solutions that enable banks to quickly fill in gaps in their risks management capabilities as well as take on risk management best practices learned from the recent crisis."

Shawn Yip, market research analyst, Financial Insights Asia/Pacific, remarks, "Improved economic prospects should allow banks to reenergize banking-of-the-future programs. Banks should bring together teams that comprise brain power and execution capabilities to bring to light innovative projects."

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