Business Strategy: Top 10 Strategic IT Initiatives for Asia/Pacific Banks in 2012

This IDC Financial Insights report, released in time for the annual Asian Financial Services Congress, discusses the top 10 strategic IT initiatives for Asia/Pacific banks. The 2012 list reflects well-founded concerns of how global economic uncertainties can curtail prospects of the banking business, pointing out how the importance of risk management, compliance, and a more conservative approach to technology investment will persist until recovery is clear.

Michael Araneta, associate consulting and research director for IDC Financial Insights Asia/Pacific states, "While analytics to support asset liability management (ALM) and credit management systems will receive the utmost attention, the ultimate goal for banks in 2012 is to align risk, performance, and finance functions with a unified architecture to more readily measure risk metrics and meet risk-adjusted performance objectives."

However, the report points out that a return to customer centricity issues is impending in 2013. Araneta continues, "Hopefully, sooner rather than later, banks will have to look at more positive, longer-term considerations away from the dark areas of risk."

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IDC Financial Insights: Asia/Pacific Banking IT Strategies , IDC Financial Insights: Asia/Pacific IT Benchmarking Strategies

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