IDC PeerScape: Practices for the Successful Implementation of Connected Collaboration in Banking in Asia/Pacific

IDC PeerScape: Practices for the Successful Implementation of Connected Collaboration in Banking in Asia/Pacific

This IDC PeerScape explores Connected Collaboration initiatives that are created by banks to transform traditional models into an open environment. The document describes five practices that are at the heart of an open banking institution, with examples and experiences from two banks that have employed Connected Collaboration initiatives. Readers will gain insights from the banks' experiences of transforming into open banking, with advice on how to design and implement these best practices."Connected Collaboration initiatives are becoming mandatory for banks that want to defend their existence and expand their market with their evolving customers and a very competitive environment. New technologies are changing customers and making the industry more competitive. This study captures the current stage of developing initiatives relating to Connected Collaboration," says Handojo Triyanto, Senior Research Manager with Asia/Pacific IDC Financial Insights.

Please Note: Extended description available upon request.


IDC PeerScape Figure
Executive Summary
Peer Insights
Practice 1: Raise the Magnitude of the Influence-on-Market for It to Give Benefits in the Future
Challenge
Bank Rakyat Indonesia
Bank Danamon
Guidance
Practice 2: Promote Direct Benefits That Ecosystem Members Can Understand Easily
Challenge
Bank Rakyat Indonesia
Bank Danamon
Guidance
Practice 3: Be In Line with the Digital Lifestyle of Customers
Challenge
Bank Rakyat Indonesia
Bank Danamon
Guidance
Practice 4: Leverage New Processes and Technologies such as DevOps and Cloud
Challenge
Bank Rakyat Indonesia
Bank Danamon
Guidance
Practice 5: Create an Integration Strategy Covering API Technology, Type of Collaboration, and Type of Platform
Challenge
Bank Rakyat Indonesia
Bank Danamon
Guidance
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