Abstract
This Financial Insights report discusses the technology spending plans of
Philippine banks that are being shaped by a resurgent economy. The report
primarily refers to the spending plans and priorities of 16 leading banks in
the market.
"Banks will invest in infrastructure-related capabilities such as channel
rollouts, core banking, and datacenters. However, there will be investments
made in projects specifically to gain scale in lending, remittance, and
payments," remarks Michael Araneta, senior research manager of Financial
Insights' Asia/Pacific IT Benchmarking Advisory Service. "As consolidation
proceeds in the market, the more interesting battle will be of banks seeking to
create niche propositions. Already, technology is playing a crucial role in the
effort."
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