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A recent special report sponsored by Sterling Commerce and authored by Maggie
Scarborough, Research Manager, Corporate Banking at IDC Financial Insights discusses
how financial services companies must generate more revenues from existing
customers or look elsewhere for growth. Especially in developed regions of
the globe, GDP growth is only in the 2-3-1/2 % range - slow and steady, but
non-sustaining. In emerging markets the financial services growth opportunities
are much greater (e.g., China at 9.1%); and provide an opportunity to avoid
past mistakes of the Western world and get it right the first time. Those
who move beyond simple transaction processing, a commodity, to become a value-added
process enabler are more likely to succeed in the next decade. On the B2B
front, tapping revenues requires the ability of the institution or firm to
penetrate and integrate with the financial value chain of customers, suppliers,
and partners in the financial services ecosystem.
IDC Financial Insights calls the technology attributes needed for this business
transformation, Dynamic IT.
There are essential Dynamic IT elements: organizational alignment of business
and IT; adaptive and effective IT-based business execution including business
process management and data transparency; and resilient, efficient, and business-responsive
IT automation and management. Next-decade financial services survivors will:
- Master performance, risk, and market insight;
- Be both low cost operators and growth generating innovators;
We encourage you to download this special report and understand more
specifically how to build a flexible and adaptive application infrastructure
that allows one's financial institution to be opportunistic and strategic
in M&A, and market execution.
For more information on sponsoring a special report contact sales@idc-fi.com.
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