Abstract
Overview
Introduction
Compliance pressures, the need for faster product time-to-market and
organizational agility are driving the need for banks to re-vamp the back
office. The challenge is for banks to tackle the scale of these projects and
implement future-proof solutions with the minimum of disruption to everyday
operations.
Scope
- Covers retail banks in Western Europe and North America
- Examines the market, strategic and technology drivers impacting retail
banks core systems technology investments
- Forecasts European and North American retail banking core system IT spend
until 2010
Report Highlights
The wider macroeconomic environment is placing increasing pressure on banks.
Rising interest rates, inflation and stock market shocks are all contributing
to a more complex market for financial institutions. Banks that have
efficient, flexible back office operations will triumph in the long term.
Over recent years banks have become increasingly acquisitive in order to
sustain growth, driving both consolidation in domestic markets as well as
cross-border activity, particularly in high-growth markets. As a result, many
banks have begun to address the core systems implications of their M&A
activities.
Many vendor solutions are now sophisticated and flexible enough to meet the
complex requirements of even top-tier banks straight out of the box. As a
result, who builds, hosts, develops and maintains core systems is becoming
more of a sourcing issue rather than of strategic competitive advantage.
Reasons to Purchase
- Gain visibility into the dynamics of the retail banking core systems market
- Gain market insight to assist in your strategic planning and go-to-market
strategy
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