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eBanking Technology in the US 2001Product Type: Market Research ReportPublished by: Datamonitor Published: May 2001 Product Code: R313-0131 Description eBanking Technology in the US 2001 identifies the business opportunities that Internet delivery channels will create for banking organizations and technology vendors. The report first provides an understanding of the wants and needs of potential consumers of eBanking products and services. The analysis then examines the business and technology strategies that banking organizations must execute to fulfil these wants and needs.Table of Contents EXECUTIVE SUMMARY Banks must justify the 21.6% CAGR in industry IT spending growth over the next five years with direct links to corporate ROI Business strategy: Delivering an enhanced value proposition is a prerequisite of success in the eBanking marketplace Datamonitor estimates that transaction processing with manual intervention can cost nearly 10 times as much as completely electronic processing cycles Enhanced functionality will support impressive account growth through 2005 Necessary technology: Consumer adoption is inextricably linked to the successful deployment of eBanking applications Quantifying IT spending: eBanking spend will grow at a rapid 21.6% CAGR through 2005 eCRM will be the largest area of application spending through 2005 Industry development: Leading Technology vendors are jockeying for position as "best of breed" providers within a comprehensive online banking solution At the end of the day, eBanking is not about "e" but how "e" impacts the banking business CATALYST Introduction The primary catalyst for eBanking technology lies in the demands of current and potential consumers of eBanking products Report audience and benefits MARKETPLACE Introduction Consumer adoption Profile of the online banker The value proposition for consumers Business implications of application deployment eCRM EBPP Account aggregation eMortgages mBanking Security Technology challenges and applications IT challenges Technology applications Conclusion OPPORTUNITIES Introduction Total retail banking spend Source spend Analysis eBanking spend Application deployment IT spending eCRM IT source spending splits EBPP IT source spending splits Security IT source spending splits Account aggregation IT source spending splits Mortage IT source spending splits mBanking IT source spending splits Infrastructure IT source spending splits Conclusion COMPETITIVE DYNAMICS Introduction Industry dynamics Vendor positioning Accenture Company overview Strategic assessment Alltel Company overview Strategic assessment CheckFree Company overview Strategic assessment Corillian Company overview Strategic assessment IBM Company overview Strategic assessment Pegasystems Company overview Strategic assessment Siebel Systems Company overview Strategic assessment SUN Microsystems Company overview Strategic assessment 724 Solutions Company overview Strategic assessment Conclusion IMPLICATIONS AND OPINION Introduction Industry economic sensitivity The US economic slowdown will shorten time horizons on eBanking technology investments High economic sensitivity: mBanking Medium economic sensitivity: EBPP, Account Agregation Low economic sensitivity: eSecurity, eCRM, Internal systems modernization Macroeconomic positives: FOMC rate cuts and Federal tax cuts Datamonitor's Insights Consumer demands drive eBanking business logic Business drivers dictate technology spending Conclusion DEFINITIONS Category and product definitions Sector definitions Retail banking category and product definitions Source definitions Solution types REPORT METHODOLOGY Research methodology Product and services definitions Preparation of first draft data Coverage of secondary and published sources Primary industry interviews IMPACT Forecast methodology Data finalization, cross-checks and verification Data inconsistencies (c) Datamonitor 2000. All Rights Reserved. |
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