Finance and Banking
Finance and Banking
home | finance and banking | market report
Business Trends: North American Retail Banking Technology Spending Strategies 2010 (Customer Focus) (Datamonitor)
- Market: Finance and Banking
- Published Date: 23 Dec 2009
- Report Title: Business Trends: North American Retail Banking Technology Spending Strategies 2010 (Customer Focus)
- Table of Contents: View Table of Contents
- Report Type: Market Report
- Country: US
- Number of Pages: 44
Introduction
This study examines top business challenges, IT budget outlook and spending priorities among retail banks in North America. It is based on the results ofour Business Trends primary research survey, conducted between October 2009 and December 2009.
Scope
*Interviews were conducted with 59 retail banks in North America (8 in Canada and 51 in the US).
*Respondents held senior institutional positions, with technology decision-making authority.
Highlights
Unsurprisingly, North American banks continued to feel the effects of the financial crisis in 2009: 29% reported the cancellation of non-essential IT projects. However, there is renewed optimism in the industry as conditions slowly improve, and 36% expect the crisis to have no effect on the IT budgets in 2010.
With the regulatory environment far tougher, achieving and/or maintaining compliance is the most important general business objective in 2010. To this end, 61% of banks are increasing their IT investment in compliance and risk management.
Reasons to Purchase
*We provide a comprehensive understanding of business trends and technology spending strategies within the North American Retail Banking Sector.
*Gain insight into the IT investment priorities in North American retail banking for 2010.
This study examines top business challenges, IT budget outlook and spending priorities among retail banks in North America. It is based on the results ofour Business Trends primary research survey, conducted between October 2009 and December 2009.
Scope
*Interviews were conducted with 59 retail banks in North America (8 in Canada and 51 in the US).
*Respondents held senior institutional positions, with technology decision-making authority.
Highlights
Unsurprisingly, North American banks continued to feel the effects of the financial crisis in 2009: 29% reported the cancellation of non-essential IT projects. However, there is renewed optimism in the industry as conditions slowly improve, and 36% expect the crisis to have no effect on the IT budgets in 2010.
With the regulatory environment far tougher, achieving and/or maintaining compliance is the most important general business objective in 2010. To this end, 61% of banks are increasing their IT investment in compliance and risk management.
Reasons to Purchase
*We provide a comprehensive understanding of business trends and technology spending strategies within the North American Retail Banking Sector.
*Gain insight into the IT investment priorities in North American retail banking for 2010.
Browse over 450,000 market research reports, company profile reports and company financials. Search by industry sector, or simply search market research reports or company profiles by keyword. Companiesandmarkets.com contains one of the world's largest collections of market research reports and company profiles from leading global market research report publishers and analysts. Global brands rely on companiesandmarkets.com for their strategic market research needs.
Purchase Information
There are various ways to purchase products from our site. Select the report title(s) you are interested in, and add it to your basket. At the Checkout page, you will be requested to submit your details. You will then have the option to pay via various methods: Debit Card, Credit Card, or by Invoice.
Companiesandmarkets.com accepts Visa, MasterCard, Diners, American Express, JCB and all the major credit cards. Companiesandmarkets.com uses RBSWorldpay.
Once you have purchased your report(s), you will receive a confirmation email. You will then either be able to download your report(s) immediately from your Customer Area in PDF format, or the report(s) will be emailed to you directly, depending on the agreement we have with the publisher. Orders that are deliverable via email which are taken outside of working hours will be delivered next business day.
Please note, if you purchase by invoice, you will receive your report(s) once payment has been received. If you have any questions about how to order, please Contact Us.
