Finance and Banking
Finance and Banking
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Impact of the Financial Crisis on Banking (Strategic Focus) (Datamonitor)
- Market: Finance and Banking
- Published Date: 01/01/2009
- Report Title: Impact of the Financial Crisis on Banking (Strategic Focus)
- Table of Contents: View Table of Contents
- Report Type: Market Report
- Country: Global
- Number of Pages: 40
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Introduction
The fallout of the financial crisis has driven a dramatic shift in operating income and profitability outlook for the banking sector across the globe. This will have a significant impact on bank technology spending through to 2013, however, the magnitude and timing of impact will vary by region and sector. This reports provides a quantitative and qualitative assessment of the crisis' implications.
Scope
*Covers technology spending implications across North America, Western Europe, Central & Eastern Europe and Asia Pacific regions
*Explores impact of financial crisis on both retail and corporate banking
*Cover market impact on business strategies & priorities, affect on technology spending and priorities and implications of crisis for vendors
Highlights
Global retail and corporate banking technology spend will decline -2.0% in 2009. This will be lead by the North American and West European markets, which will experience stronger IT spend contraction of -4.1% and -3.9% respectively
Despite slowdown in sales activity, as the customer funding gap impedes new lending, banks in most regions will maintain IT investment on the branch. This will be driven by a focus on productivity improvements, as banks seek broader business cost synergies and savings
Recent M&A driven by the financial crisis will create a short-term IT opportunity for vendors, increasing baseline spend in 2009. However, drive for IT synergies will lead to a negative overall IT spending affect in US retail banking sector by 2011
Reasons to Purchase
*Quantitative assessment of impact of financial crisis on IT spending across region, sector and technology type
*Provides analysis of both business and IT impact of financial crisis on banking objectives, investment priorities and challenges
*Contains primary banking executive opinion from end 2008 on fall-out of financial crisis and plans for 2009
The fallout of the financial crisis has driven a dramatic shift in operating income and profitability outlook for the banking sector across the globe. This will have a significant impact on bank technology spending through to 2013, however, the magnitude and timing of impact will vary by region and sector. This reports provides a quantitative and qualitative assessment of the crisis' implications.
Scope
*Covers technology spending implications across North America, Western Europe, Central & Eastern Europe and Asia Pacific regions
*Explores impact of financial crisis on both retail and corporate banking
*Cover market impact on business strategies & priorities, affect on technology spending and priorities and implications of crisis for vendors
Highlights
Global retail and corporate banking technology spend will decline -2.0% in 2009. This will be lead by the North American and West European markets, which will experience stronger IT spend contraction of -4.1% and -3.9% respectively
Despite slowdown in sales activity, as the customer funding gap impedes new lending, banks in most regions will maintain IT investment on the branch. This will be driven by a focus on productivity improvements, as banks seek broader business cost synergies and savings
Recent M&A driven by the financial crisis will create a short-term IT opportunity for vendors, increasing baseline spend in 2009. However, drive for IT synergies will lead to a negative overall IT spending affect in US retail banking sector by 2011
Reasons to Purchase
*Quantitative assessment of impact of financial crisis on IT spending across region, sector and technology type
*Provides analysis of both business and IT impact of financial crisis on banking objectives, investment priorities and challenges
*Contains primary banking executive opinion from end 2008 on fall-out of financial crisis and plans for 2009
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