Category: Banking
Banking market research reports by IDC
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Corporate Transparency Act Compliance
Corporate Transparency Act Compliance This IDC Perspective discusses the history of efforts to help prevent money-laundering activity that uses legal entities and the potential obscuring of the identities of individuals who are beneficial owners of those legal entities. To date, the results of those ... Read More
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Finance Transformation: Company Financial Policy Will Need to Be Revamped
Finance Transformation: Company Financial Policy Will Need to Be Revamped This IDC Perspective discusses the essential financial policies and why they are important, how often to review/revamp them, and how they relate to finance transformation. This document also discusses current trends or topics ... Read More
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Tax Authorities Are Inspecting Intercompany Transactions, More Specifically Transfer Pricing — Can Technology Alleviate the Problem?
Tax Authorities Are Inspecting Intercompany Transactions, More Specifically Transfer Pricing — Can Technology Alleviate the Problem? This IDC Perspective discusses about tax authorities regarding the implications of transfer pricing. These discussions encompass intercompany transactions, which invol ... Read More
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2024 Top 10 Trends Driving Technology Investments in Financial Services Worldwide
2024 Top 10 Trends Driving Technology Investments in Financial Services Worldwide This IDC Perspective discusses the top 10 trends driving technology investments in the financial services industry in 2024. These trends include the rise of artificial intelligence (AI), machine learning (ML), and gene ... Read More
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IDC PeerScape: Practices for Assisting the Underbanked
IDC PeerScape: Practices for Assisting the Underbanked This IDC PeerScape describes four practices that financial institutions have leveraged today’s technologies to assist the underbanked. “Overall there have been great strides in addressing the unbanked; however, there is still work to be done for ... Read More
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IDC PlanScape: Application and Workload Modernization for Banking
IDC PlanScape: Application and Workload Modernization for Banking This IDC PlanScape examines how leading banks leverage the cloud and deliver quantifiable business value by moving critical applications and workloads to the public cloud.According to Clay Miller, adjunct research advisor with IDC’s ... Read More
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Infosys Finacle Conclave 2023 Key Takeaways
Infosys Finacle Conclave 2023 Key Takeaways This IDC Market Note highlights some of the major topics presented and discussed at the Infosys Finacle Conclave 2023 in Istanbul. The conference theme was Recomposing Banking — Leading the Digital Continuum. This topic stimulated conversations on how bank ... Read More
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ESG for Financial Institutions — Delivering Improved ESG Performance Through Data Services and Platforms
ESG for Financial Institutions — Delivering Improved ESG Performance Through Data Services and Platforms This IDC Market Perspective explores ESG developments impacting the financial sector and the software and data services that address these evolving requirements. This document highlights research ... Read More
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IDC Financial Services Xchange 2023: The Choreography of C's: Control, Choice, Compliance, Connectedness, and Costs
IDC Financial Services Xchange 2023: The Choreography of C's: Control, Choice, Compliance, Connectedness, and Costs This IDC Market Note emphasizes insights from IDC's Financial Services Xchange 20230 conference, underscoring the necessity for a robust exchange among industry peers in the Financial ... Read More
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Payments in Asia/Pacific 2023: Real-Time, Cross-Border, and Localization Trends Dominate
Payments in Asia/Pacific 2023: Real-Time, Cross-Border, and Localization Trends Dominate The IDC Market Perspective analyzes notable developments in Asia/Pacific in 2023 and beyond. Although the region is diverse in its spread of development and financial services, several key themes, such as real-t ... Read More
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GenAI in Action: GXS Bank Looks to Enhance Productivity, Achieve Cost Savings, and Reduce Coding Efforts through GenAI
GenAI in Action: GXS Bank Looks to Enhance Productivity, Achieve Cost Savings, and Reduce Coding Efforts through GenAI This IDC Perspective examines generative AI (GenAI) technologies' adoption level in GXS Bank, a digital bank. The document's objective is to provide enterprises with practical insig ... Read More
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Opportunities for Cash Flow Optimization and More Made Possible by Artificial Intelligence
Opportunities for Cash Flow Optimization and More Made Possible by Artificial Intelligence This IDC Market Note analyzes a few of the ways that advanced technologies like generative AI and machine learning (ML) can be leveraged to streamline treasury processes and how those technologies are current ... Read More
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Instant Payments: Reshaping Corporate Banks' Business Models, Enhancing Tools and Processes to Exploit and Offer IP Benefits
Instant Payments: Reshaping Corporate Banks' Business Models, Enhancing Tools and Processes to Exploit and Offer IP Benefits This IDC Perspective discusses how instant payments are a compelling development in real-time banking transformation to cope with competition and meet customer expectations. U ... Read More
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Process Automation Trends in European Financial Services: Navigating Market Challenges to Meet Business Goals
Process Automation Trends in European Financial Services: Navigating Market Challenges to Meet Business Goals This IDC Perspective takes a closer look at the factors impacting the Western European financial services sector and the role of business process automation in helping financial services com ... Read More
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Know Your Customer Solution Evolution
Know Your Customer Solution Evolution This IDC Perspective discusses the evolution of the know your customer (KYC) solution."The processes and availability technology for conducting know your customer functions at banks are evolving due to cloud computing, expanded data sets, and the integration of ... Read More
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Third-Party Risk Management
Third-Party Risk Management This IDC Perspective discusses third-party risk management. The challenges with respect to the range of regulatory requirements, risk management best practices, expanding view of what defines a "third party," data security, data privacy, and technological solutions that c ... Read More
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IDC FutureScape: Worldwide Banking 2024 Predictions
IDC FutureScape: Worldwide Banking 2024 Predictions This IDC study provides IDC's top 10 predictions for worldwide banking for 2024 and beyond."Today's goal for banking worldwide is to overcome the immediate challenges in the markets while mapping out a longer-term strategy for growth and innovation ... Read More
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IDC FutureScape: Worldwide Capital Markets 2024 Predictions
IDC FutureScape: Worldwide Capital Markets 2024 Predictions This IDC study presents the top 10 predictions and key drivers for the capital markets for the next five years."Over the next five years, a confluence of external drivers is expected to materially impact the competitive basis on which most ... Read More
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Lessons Learned from Implementing Conversational AI in Banking in the UAE
Lessons Learned from Implementing Conversational AI in Banking in the UAE This IDC Perspective examines best practices for businesses implementing conversational AI. It is based on the experiences of financial services organizations in the UAE that are using conversational AI in external self-servic ... Read More
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Private Cloud Is Still the First Choice for Many Banks Worldwide: Results from IDC's 2023 Worldwide Industry CloudPath Survey
Private Cloud Is Still the First Choice for Many Banks Worldwide: Results from IDC's 2023 Worldwide Industry CloudPath Survey This IDC Perspective reviews the findings of IDC's April 2023 Worldwide Industry CloudPath Survey specifically for the banking industry."Private cloud remains a popular choic ... Read More
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Banks Continue to Reap the Benefits of Public Cloud: Results from IDC's 2023 Worldwide Industry CloudPath Survey
Banks Continue to Reap the Benefits of Public Cloud: Results from IDC's 2023 Worldwide Industry CloudPath Survey This IDC Perspective looks at IDC's 2023 Worldwide Industry CloudPath Survey results for the global banking industry. In 2023, banks globally continue to recognize the critical importance ... Read More
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Generative AI in Banking: Start by Solving for Simple
Generative AI in Banking: Start by Solving for Simple This IDC Perspective complements previous research into generative AI (GenAI) and looks at the technology in the context of the financial services industry and banking. Although the industry is in its early days for its use, many banks are alread ... Read More
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European Financial Applications Market Forecast, 2023-2027
European Financial Applications Market Forecast, 2023-2027 This IDC Market Forecast provides analysis and sizing of the European financial applications market for 2020–2022 and forecasts for 2022–2027. The European financial applications market increased in 2022 to reach $10.1 billion, with revenue ... Read More
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HCLTech Turns the Spotlight on Financial Services
HCLTech Turns the Spotlight on Financial Services This IDC Market Note summarizes several sessions and announcements shared by HCLTech at the company's first Financial Services Advisor and Analyst Day, held in New York on August 24, 2023. The document puts into context HCLTech's mission to "Supercha ... Read More
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Worldwide Corporate Tax Management Applications Market Shares, 2022: Compliance Converging with Key Financial Applications
Worldwide Corporate Tax Management Applications Market Shares, 2022: Compliance Converging with Key Financial Applications This IDC study examines the worldwide market for corporate tax management applications."There are VAT and goods and services tax (GST) protocols that have grown over the past d ... Read More
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