Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1388Description Wholesale and small business banking business units of financial services institutions frequently ask TowerGroup analysts, "What will be the top business drivers next year, and what do these trends mean?" These questions are particularly relevant for 2008 as banks face challenges from a slowing global economy and continued fallout from the US subprime mortgage crisis. These challenges provide opportunities and threats for banks and technology vendors. This Research Note provides insight into the top 10 business trends driving the wholesale banking industry, the top 10 strategic responses we expect to see from those firms, and the resultant top 10 technology initiatives in 2008.
Table of Contents - Report Coverage
- Analysis of Key Issues
- Exhibit 1 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in Wholesale Banking (2008)
- Exhibit 2 Sample Mapping of Top 10 Business Drivers for Wholesale Banking (2008)
- Business Driver 1: Risk Mitigation
- Business Driver 2: Regulation
- Business Driver 3: Revenue Growth
- Business Driver 4: Market Instability
- Business Driver 5: Declining Profitability
- Business Driver 6: Client Sophistication and Globalization
- Business Driver 7: Increased Competition
- Business Driver 8: Inefficient Processes
- Business Driver 9: Concentration of Market Share
- Business Driver 10: Payments Convergence
- Recent Trends and Predictions for the Future
- Summary
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