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Market Research Report
EMEA Banking 2010 Top 10 Predictions: The Year of Intelligence
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EMEA Banking 2010 Top 10 Predictions: The Year of Intelligence published by IDC Financial Insights in January, 2010. This report consists of Pages: 19 and the price starts from US $ 5250.
Abstract
This 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."
Table of Contents
- Predictions
- In This Report
- Situation Overview
- On the Road to Recovery
- The Dynamics of 2010: Three Themes
- IT Spending Will Remain Flat in 2010
- Banking Business Dislocation
- Future Outlook
- 2010 Predictions
- Prediction #1: Risk Spending Will Dominate Otherwise Flat IT Spending Priorities
- Prediction #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 Survive
- Prediction #4: Independent Risk Control Will Become Integrated Risk Control as Risk Management Moves Closer to the Point of Origination
- Prediction #5: Data Management Strategy Will be Revised to Deliver Control Back to the Business and End User
- Prediction #6: Two More Big European Banks Will Fail, While Many Small Institutions Will be Forced to Merge
- Prediction #7: New Government and Regulatory Requirements Will Open the Market to More Nimble Competitors
- Prediction #8: Will the Banking Industry Finally Tackle the Single Customer View?
- Prediction #9: Better Business Intelligence Will Allow Banks to Battle for SMEs in 2010
- Prediction #10: In 2010, Mobile Banking Will Gain Critical Momentum, Contactless Payments Will Not Achieve Critical Mass, and Mobile Payments Will Continue to Fail
- Essential Guidance
- Essential Guidance for Banks
- Essential Guidance for Vendors
- Learn More
- Related Research
- Synopsis
- Figure: 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
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