2009 Wholesale Banking Top 10 Business Drivers, Strategic Responses, and IT

2009 Wholesale Banking Top 10 Business Drivers, Strategic Responses, and IT Initiatives

Published Date: October 2008

Published By: TowerGroup

Page Count: 18

Order Code: R301-1545

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The continued turmoil in global financial markets will make market instability the most important business driver for wholesale banking in 2009.

For most wholesale banks, 2009 will be characterized by a return to basics as the banks increase their focus on the domestic needs of their small business clients and their corporate and institutional clients.

Banks with global transaction services business units can better meet clients' demands for integrated solutions than can banks organized along more traditional lines, leading to further concentration of the global transaction services business.

The cataclysm of the latter half of 2008 will lead to a new emphasis on risk mitigation for wholesale banking.

From the perspective of wholesale payments, progress toward enterprise payment solutions that provide a single payments database for research, reconciliation, and exceptions management will continue in 2009.

The time is ripe for wholesale banking executives to make the case for further business and technology investment to capitalize on a business segment that is helping their institutions overcome the weaknesses in other segments.

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