Japan Financial Markets Business IT Usage of 3rd Platform 2017

Japan Financial Markets Business IT Usage of 3rd Platform 2017

  • September 2017 •
  • 15 pages •
  • Report ID: 5116996 •
  • Format: PDF
This IDC study is a translation of the Japanese document IDC # JPJ41781617 and is summarized to reduce the gap in time since the original version was published.All of the following sections are, however, fully translated:IDC OpinionMethodologyDefinitionExecutive SummaryFuture OutlookEssential GuidanceSynopsisThis IDC study analyzes the 3rd Platform spending trends in Japanese financial institutions (banks, insurance, securities, and other financial services) by providing the results for 2016 and forecasts from 2017 to 2021. It also analyzes the demand trends and the related case studies for the 3rd Platform and innovation accelerators in Japanese financial institutions. The study also provides the overview for fintech solutions that are earnestly being deployed in Japanese financial institutions. In addition to fintech-related initiatives and the related IT spending forecast, this study also analyzes the fintech ecosystem that includes the impact of fintech solutions on companies in other industries and provides the related IT spending trends. Majority of the Japanese financial institutions are actively seeking the utilization of IT to create new businesses and strengthen products and services and therefore are expanding the usage of the 3rd Platform and innovation accelerators. The provision of fintech solutions and their earnest utilization in many financial institutions are likely to boost the spending toward 3rd Platform and innovation accelerators in the future. The impact of these solutions will not only be felt by financial institutions but also by systems and businesses of many companies in the fintech ecosystem developed to include start-up companies and companies in other industries. "IT suppliers should actively support the construction of a fintech ecosystem targeting financial institutions so as to create an impact," said Hitoshi Ichimura, research manager, IT Spending Group, IDC Japan. This IDC study is a translation of the Japanese document IDC #JPJ41781617 and is summarized to reduce the gap in time since the original version was published.All of the following sections are, however, fully translated:IDC OpinionMethodologyDefinitionExecutive SummaryFuture OutlookEssential GuidanceSynopsis
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