2007 Trends to Watch: Retail Banking Technology

Publication Date	February 2007
Publisher	Datamonitor
Product Type	Brief
Pages	11
ISBN Number	not applicable
Product Code	DAT04604

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£947.50
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Summary

Introduction

Analysis of themes driving core research for Datamonitor's retail banking technology research stream in 2007

Scope

Focuses on the North American and European retail banking markets
Explores how business trends and institution strategies across this industry are driving IT priorities, decision making and technology investment

Highlights

Top business issues center around the need for sustainable income generation, sales and service effectiveness centered around customer satisfaction & value proposition and operational agility and flexibility

Despite the inhibitors, Datamonitor expects core systems investment to be a significant growth area for 2007, particularly in Europe, where a momentum effect is occurring from recent top-tier announcements of major projects, but also increasingly in the North American market.

Considering the business drivers and technology themes discussed in this brief, Datamonitor expects a number of key investment priorities for 2007, with some significant regional variations.

Reasons to Purchase

This brief is essential reading for you to identify and track the key forces shaping the prospects for your business.
Datamonitor's lead analyst will outline the trends in your market, explain how this has shaped our research agenda for 2007

Content

Catalyst
Summary
- 2007 TRENDS TO WATCH: RETAIL BANKING TECHNOLOGY
- Top 3 business issues facing your industry
- The need for sustainable income generation is driving renewed focus on sales & service effectiveness
- Sales and service effectiveness needs to be founded on high customer satisfaction & value proposition
- Focus on revenue growth requires supporting operational agility and flexibility to succeed
- Wealth management technology
- Security in retail banking
- Core systems strategy in retail banking
- Future investment priorities in retail banking technology
Datamonitor's Take
- Investment priorities and trends for 2007
Appendix
- Definitions/ abbreviations
- Methodology
- Further reading
- Ask the analyst
List of Figures
- Figure 1: Revenue growth through customer satisfaction is key to banking strategy
- Figure 2: A high proportion of banks still have a significant lag in responding to change events
- Figure 3: More banks are moving to developing standardized architectures
- Figure 4: Top projects in 2007 will remain focused on compliance and branch, but shift towards core systems