2008 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in European

2008 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in European Retail Banking

Product Type: Market Research Report
Published by: TowerGroup
Published: December 2007
Product Code: R301-1401

Description

All of Europe's fragmented retail banking markets will face difficulty in 2008 as competition for deposits heats up. The European Union's Single Euro Payments Area (SEPA) initiative that will gain further traction in 2008 will add another level of competition to the global forces already affecting retail banking. The need to undertake transformational projects to automate processes and reduce costs is becoming more pressing as competition for share of wallet intensifies, but unless a bank is very far sighted, the focus will remain in the area of payments. In 2008, Europe's conservative retail institutions will steady their ships rather than reposition for the battles ahead.

Table of Contents

Report Coverage
Analysis of Key Issues: Exhibit 1 Top 10 Business Drivers, Strategic Responses, and IT Initiatives in European Retail Banking (2008); Exhibit 2 Sample Mapping of Top 10 Business Drivers for European Retail Banking (2008)
Business Driver 1: Changing Economic Conditions
Business Driver 2: Unceasing Regulation and Compliance
Business Driver 3: Managing Profitable Growth
Business Driver 4: Operational Efficiency
Business Driver 5: Fraud Risk and Financial Crime
Business Driver 6: Increased Competition from In-Market and Cross-Border Banks
Business Driver 7: Competition from Nontraditional Financial Services Providers
Business Driver 8: Electronification of Banking
Business Driver 9: Changing Customer Preferences
Business Driver 10: Reacting and Responding to Social Trends
Recent Trends and Predictions for the Future
Summary

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