Compliance pressures, the need for faster product time-to-market and organizational agility are driving the need for banks to re-vamp the back office. The challenge is for banks to tackle the scale of these projects and implement future-proof solutions with the minimum of disruption to everyday operations.

Scope

Covers retail banks in Western Europe and North America Examines the market, strategic and technology drivers impacting retail banks core systems technology investments Forecasts European and North American retail banking core system IT spend until 2010

Highlights

The wider macroeconomic environment is placing increasing pressure on banks. Rising interest rates, inflation and stock market shocks are all contributing to a more complex market for financial institutions. Banks that have efficient, flexible back office operations will triumph in the long term. Over recent years banks have become increasingly acquisitive in order to sustain growth, driving both consolidation in domestic markets as well as cross-border activity, particularly in high-growth markets. As a result, many banks have begun to address the core systems implications of their M&A activities. Many vendor solutions are now sophisticated and flexible enough to meet the complex requirements of even top-tier banks straight out of the box. As a result, who builds, hosts, develops and maintains core systems is becoming more of a sourcing issue rather than of strategic competitive advantage.

Reasons to Purchase

Gain visibility into the dynamics of the retail banking core systems market Gain market insight to assist in your strategic planning and go-to-market strategy.