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IDC FutureScape: Worldwide Corporate Banking 2022 Predictions

Published: | IDC | 17 Pages | Delivery time: 1-2 business days

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IDC FutureScape: Worldwide Corporate Banking 2022 Predictions
Published: October 28, 2021
IDC
Content info: 17 Pages
Delivery time: 1-2 business days
  • ALL
  • Description
  • Table of Contents
Description

This IDC Financial Insights FutureScape presents the top 10 predictions for the corporate banking industry."Corporate banking has been one of the hardest-hit business lines in financial services, given the massive disruption to international trade and supply chains, uncertainty about the impact of the COVID-19 pandemic, politically motivated tensions and protectionism, and the transformation toward sustainable finance disrupting capital markets and traditional lending business", said Tom Zink, research director at IDC Financial Insights. "Moreover, the industry is caught in a modernization sprint as new regulations and customer needs mandate modernization, while an emerging treasury ecosystem fundamentally changes the way businesses are run."

Table of Contents
Product Code: US47804121

IDC FutureScape Figure

Executive Summary

IDC FutureScape Predictions

  • Summary of External Drivers
  • Predictions: Impact on Technology Buyers
    • Prediction 1: The massive change brought by current and upcoming SWIFT releases will force legacy replacement of trade finance systems, 75% of which will be cloud based by 2025
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 2: By 2024, the use of shared industry cloud data will improve decisioning time on commercial loans by 50%
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 3: By 2025, 50% of corporate banks will offer treasury as a service to corporate customers
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 4: By 2026, 35% of payments will be optimized using AI-derived routing models
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 5: By 2026, 40% of accounting software providers targeting SMEs will seek a bank license to provide financing options and payment support directly to customers
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 6: With CBDC rollouts gaining momentum, by 2025 more than 20% of tier I corporate banks will offer their clients integrated solutions to unlock liquidity from both traditional and digital assets.
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 7: As regulator and social pressures increase, 40% of banks will implement AI-based AML models to better detect patterns of human trafficking and other illicit activity with high social impacts by 2024
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 8: By 2023, 70% of global corporate banks will offer accounting and cash management tools targeted toward small businesses
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 9: By 2026, 80% of global corporate banks will reduce or be forced to reduce the carbon footprint of their lending activities by 40%, led by European and Asian players
      • Associated Drivers
      • IT Impact
      • Guidance
    • Prediction 10: 40% of corporate banks will platformize connectivity by 2023 to deal with the growing channel fragmentation. As an added benefit this will be the basis for actionable, proactive alerts and data services.
      • Associated Drivers
      • IT Impact
      • Guidance

Advice for Technology Buyers

External Drivers: Detail

  • Pervasive Disruption Continues - Volatility, Opportunity, and Resilience
  • The Future Enterprise - Thriving in a Jungle of Agile Innovation
  • Embracing Digital First - New Strategies for Complexity and Ubiquity
  • The Velocity of Connectedness - The Future Is Data in Motion
  • Intelligence on Demand - Navigating the Torrent of Data
  • Digital Ecosystem - Thriving in a Multiplatform World
  • Environmental and Social Responsibility - A New Stakeholder-Driven Imperative

Learn More

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