Boston, October 28, 2015 – The North American wholesale banking market is at once under siege, booming, and fraught with new credit risks. With few unbanked corporations, more than 90 banks with assets of more than US$10 billion, and a thriving commercial lending market, wholesale banking represents a systemically important piece of infrastructure attractive to vendors capable of improving business outcomes. So how do U.S. banks view technology, and how are they most likely to dedicate their IT resources and budget in pursuit of it?
It is in the context of banks’ vast payments capabilities, their intensely competitive environment, and the riskiness of the credit climate that this research presents an analysis of the wholesale banking industry in North America. It is based on a 2014 online and telephone survey of senior IT executives at large banks around the world.
This 24-page Impact Note contains 15 figures and two tables. Clients of Aite Group’s Wholesale Banking & Payments service can download this report.