Banks will spend on capabilities that help them manage data and perform analytics.
Boston, September 11, 2014 – Banks across the globe face significant challenges: They see continued competition from nonbank players, and they still feel the effects of the global financial crisis of 2008 in the form of weakened liquidity, troubled assets, financially conservative borrowers, regulatory demands for higher capital levels, and a tepid global recovery. But where are large banks strategizing and spending to compete? Big data, data management, and traditional analytics lie in a sweet spot where banks tend to plan upward levels of spending and say they are disappointed with their current capabilities.
Based on a Q1 2014 Aite Group survey of 141 senior IT executives at large banks, this comprehensive report offers to banks and their software providers a better understanding of trends taking place for 52 technologies at large banks across the world, including their priorities and the degree to which they are satisfied with the various technologies across the enterprise.
This 98-page Impact Report contains 68 figures and one table. Clients of Aite Group's Wholesale Banking & Payments or Retail Banking & Payments service can download this report.