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| Business Strategy: North American Corporate Banking IT Spending 2009–2013 Forecast |
Price: US $4,500 |
Authors:
Jeanne Capachin, Karen Massey
Business Strategy
July, 2010 - Doc # FIN223863
Number of Pages: 17
Number of Figures: 4
Overview
This IDC Financial Insights report provides an update to the spending forecasts for North American corporate banking, last published in December 2008. Unfortunately, the IT spending malaise endemic to the banking industry has not left corporate banking unscathed. One benefit of the financial crisis is a renewed interest in corporate treasury — from both banks and their corporate customers. Corporate treasurers now have wallets with cash in them, and they are investing in new technologies — but in this case it doesn't mean bank IT spending on treasury services (including cash management) will rise significantly. The CAGR for the 2009–2013 period is just 0.7%. According to Jeanne Capachin, research vice president, Corporate Treasury Service and Spending Guides, "Spend in 2010 will be lower than 2009. It is not until we reach 2011 that IT spending in the corporate bank will increase."
IDC Financial Insights Opinion | In This Study | Situation Overview | The Approach | Future Outlook | Essential Guidance | Learn More
Subscriptions Covered:
Corporate Treasury Services
Regions Covered:
North America
Categories Covered:
Business Areas, Services Provisioning, Insights: Financial, Banking
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