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Home > Business/Finance > Financial Services > Electronic Transactions
Real-Time Processing Architecture for Financial Services
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| Published Date:
January 2004
Published By:
IDC
Page Count:
19
Order Code:
R104-22818
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Table of Contents
IDC Opinion
In This Study
Situation Overview
Market forces & regulatory change drive need for transaction processing improvement
Transactions & transaction costs defined.
Figure: Transactions are comprised of six essential elements
Transaction efficiency is core to all financial institutions
Transaction costs determine the structure of the firm
Banks collaborate to drive down transaction costs
FIs turn to outsourcing for scale & transactional expertise
Future Outlook
Inefficient processes increase risk
Figure: Business processes will continue to increase risk because they are
Industry issues will compound the problem
FIS will reengineer processes across five key functions
Figure: FIs perform 5 essential functions
Figure: RTP: continuous, connected, collaborative
Process re-engineering efforts vary by market segment
Figure: Process re-engineering efforts across Canadian FIs
Process pain & technology opportunity in insurance
Process pain & technology opportunity in banking
Process pain & technology opportunity in financial markets
Implications of RTP to the financial services industry
Essential Guidance
Guidance for vendors
Guidance for financial institutions
Learn More
Related Research
Synopsis
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