Hot Topics and Opportunities in the Banking Sector

FinancialServicesViews presents an overview of the Banking Sector and highlights areas where the banks are focusing their attention and where suppliers can build opportunities for further growth. FinancialServicesViews considers that there is a greater impetus for change emerging in the area of legacy systems and that the established banks are now beginning to make progress in the renewal of their core IT estate. This is creating opportunities for suppliers to the sector, particularly those with domain expertise, a strategic approach and strong balance sheets. We also expect continued focus on other key areas; complying with the rising tide of regulation, coping with problems in engaging with customers and with the threat of new competitors. These areas will generate additional spending, with tight cost control on other projects. However, several new topics, identified by FinancialServicesViews, are beginning to demand additional attention and will present the supplier community with significant opportunity.

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