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Worldwide Financial Services 2008 Top 10 Predictions

Product Type: Market Research Report
Published by: IDC
Published: March 2008
Product Code: R104-33120
Description

This Financial Insights study presents our top 10 predictions for financial services. "Our predictions are based on research the analysts have conducted with technology buyers in the industry and focus on the transformation of major business processes and the role IT will play in the transformation." ? Julio Gomez, global head of research, Financial Insights.

Table of Contents
Table of Contents

Predictions

In This Report

Situation Overview

Setting the Stage for 2008

Globalization

Regulatory Milestones

Customer Centricity

Future Outlook

Prediction #1: Financial Institutions Will Move Risk Management/Analytics to Be a Top IT Investment Priority

Prediction #2: Banks Will Abandon Mobile Contactless Pilots for Message-Based Mobile Payments

Prediction #3: Insurers Will Take the Lead in SOA and Be Recognized as Web 2.0 Leaders

Prediction #4: Treasury and Cash Management Fees Will Increase at Tier 1 Banks Globally

Prediction #5: BPO Growth, Already in Strong Double Digits, Will Accelerate

Prediction #6: Basel II Initiatives Will Morph into Enterprise Data Management at Tier 1 Global Banks

Prediction #7: The B2B Payment Hub Race Will Get Under Way

Prediction #8: Insurance Legacy Billing Systems Will Get Tossed

Prediction #9: The Number of U.S. Banks Will Shrink to Less than 8,000 in 2008

Prediction #10: Capital Market Firms Will Go Beyond the Grid

Essential Guidance

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