Authors: Jeanne Capachin, Scott Musial

Market Overview
July, 2010  -  Doc # FIN223596
Number of Pages: 16
Number of Figures: 5

This IDC Financial Insights report analyzes the results of the Web survey conducted by IDC Financial Insights and Treasury Strategies in late 2009, examining financial institution providers and the corporate buying behavior of North American corporate treasurers. Financial institutions are making strategic investments to refresh their transaction banking offerings in 2010, with investments in client onboarding, corporate portals, and security features. In 2010, North American banks will spend $5.8 billion on technology supporting their corporate banking product lines; in 2011, that number will increase to $5.9 billion.

According to Jeanne Capachin, research vice president, Global Banking Practice, "Commercial banks must not only make appropriate product investments, but they must align more closely with the credit side of the bank. Coordinating credit and transaction business strategies is key, as is developing new transaction-based products that have credit elements, such as supply chain finance offerings. Outside of the top 3 institutions, banks cannot afford to invest in the complete line of products and become best of breed. They must choose battlegrounds where they can win and make investments that are appropriate for their specific client set."

Financial Insights Opinion | In This Report | Situation Overview | Future Outlook | Essential Guidance | Learn More

Corporate Treasury Services

North America

Insights: Financial, Banking