Top Technology Trends in Wholesale Banking for 2010
Celent sees a triumvirate of global priorities in wholesale banking in 2010: managing risk, global transaction banking, and next-generation online banking solutions. Virtually all the individual trends cited across geographies support one of more of these objectives.
Every year Celent gathers its analysts from across the globe to synthesize the top trends in banking for the major geographies across the globe: spanning North America, Europe, and Asia. In this report, Top Technology Trends in Wholesale Banking for 2010, Celent provides a global summary of the most important trends that we have gleaned from bankers and vendors, clients and nonclients, and regulators and central bankers in each geography.
The practice of banking became fundamentally more difficult as a result of the global financial crisis of 2009. Banks in all geographies experienced the fallout of a challenging economy that has only just begun to improve. Banks are also subjected to increased public and regulatory scrutiny as a result of the recent near collapse of the financial system. In Celent’s view, these dynamics will, unfortunately, not be short-lived. Rather, they will define a new reality for banks throughout the globe.
"Individual regions have their own key trends with RDC in the United States; SEPA, outsourcing and global processing in Europe; and treasury and capital markets in Asia," says Jacob Jegher, senior analyst with Celent's Banking Group and author of the report.
This report examines both global trends and trends in specific geographies.