Category: Financial Services
Financial Services market research reports by IDC
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Striving for Customer Experience Leadership in Financial Services
Striving for Customer Experience Leadership in Financial Services This IDC Market Perspective looks at the current state of the financial services sector and the important role of customer experience as providers battle to win and retain customers. New fintechs entering the market have changed the l ... Read More
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My Favorites from FinovateEurope 2022
My Favorites from FinovateEurope 2022 This IDC Perspective provides an overview of FinovateEurope 2022. It highlights the eight most interesting and innovative fintechs at the event based on the personal preferences of the author. "FinovateEurope 2022 came back strong this year with 31 fintechs show ... Read More
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Digital Operational Resilience: New European Regulatory Initiatives Herald Significant Change for the Financial Services Sector and ICT Third-Party Service Providers
Digital Operational Resilience: New European Regulatory Initiatives Herald Significant Change for the Financial Services Sector and ICT Third-Party Service Providers This IDC Perspective provides an overview of key drivers for digital operational resilience, proposed regulatory requirements for the ... Read More
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Digital Lending Surge Attracts Increasing Fraud Schemes
Digital Lending Surge Attracts Increasing Fraud Schemes This IDC Perspective examines the increasing fraud threat faced by digital lenders in their efforts to provide rapid and convenient credit decisions to borrowers. Both financial institutions (FIs) and fintechs are susceptible to criminal activi ... Read More
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Cyberinsurance: Costs and Requirements Are Rising
Cyberinsurance: Costs and Requirements Are Rising This IDC Perspective outlines IDC's research regarding the rising costs, growing limitations, and latest developments in the cyberinsurance industry. Since the inception of cyberinsurance in the early 2000s, organization saw this as a way to deal wit ... Read More
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Insurance on the Cloud: Results from the 2021 CloudPath Survey
Insurance on the Cloud: Results from the 2021 CloudPath Survey This IDC Perspective reviews the findings of IDC's 2021 Worldwide Industry CloudPath Survey, specifically for the insurance industry. Cloud services are an essential component of insurers' business strategy to drive innovation and maint ... Read More
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Banking Customer Experience Strategic Priorities Using Artificial Intelligence: Results from the AI Path Survey
Banking Customer Experience Strategic Priorities Using Artificial Intelligence: Results from the AI Path Survey This IDC Perspective reviews the findings of IDC's 2021 Worldwide Industry AI Path Survey specifically for artificial intelligence (AI) as a transformational technology in the customer exp ... Read More
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IDC Financial Insights' Worldwide Capital Markets Taxonomy, 2022
IDC Financial Insights' Worldwide Capital Markets Taxonomy, 2022 This IDC Financial Insights study provides a functional structure of the global capital markets industry. It focuses on the business lines and functions within capital markets that drive technology spending. It provides the fundamenta ... Read More
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A New Technology-Driven Compliance Operating Model for Banks
A New Technology-Driven Compliance Operating Model for Banks This IDC Perspective reviews the components, or building blocks, of a technology-driven compliance model. Designing a technology-driven compliance operating model is not an easy task. National, regional, and global banks struggle to put to ... Read More
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IDC Financial Insights' Worldwide Banking Taxonomy, 2022
IDC Financial Insights' Worldwide Banking Taxonomy, 2022 This IDC Financial Insights study provides a functional structure of the global banking industry. It focuses on the business lines and functions within banking that drive technology spending and provides the fundamental organization behind IDC ... Read More
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Vendors to Watch to Enable Provider Data Management for Payers, 2022
Vendors to Watch to Enable Provider Data Management for Payers, 2022 This IDC Perspective identifies five vendors in the provider data management market that did not qualify for the recent IDC MarketScape of this market but are still identified as "vendors to watch" in this active space. Seven vendo ... Read More
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IDC Financial Insights' Worldwide Insurance Taxonomy, 2022: Release V1, 2022
IDC Financial Insights' Worldwide Insurance Taxonomy, 2022: Release V1, 2022 This IDC study provides a functional structure of the global insurance industry. It focuses on the business lines and functions within insurance that drive technology spending and provides the fundamental organization behin ... Read More
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A Quantum Update in Worldwide Banking
A Quantum Update in Worldwide Banking This IDC Perspective provides insight into the current state of quantum computing technology; its promise of unprecedented speed, unimaginable power, and unbreakable security; and its relevance to the banking industry that will revolutionize the way we operate. ... Read More
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Buyer Case Study: Tecopesca Increases Stakeholder Trust with Blockchain-Centric Business Model Change Using NTT DATA
Buyer Case Study: Tecopesca Increases Stakeholder Trust with Blockchain-Centric Business Model Change Using NTT DATA This IDC Perspective discusses how Tecopesca, a rural Ecuadorian tuna processor, has partnered with NTT DATA to develop IoTrace, a food traceability solution that uses blockchain tech ... Read More
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NFTs for the Metaverse and Web3: More than Just Digital Art
NFTs for the Metaverse and Web3: More than Just Digital Art This IDC Perspective examines the rising use of NFTs, both as individual pieces of art, but beyond that as well — as secure, immutable, tradeable stores of data — and unique digital identifiers of real-world tangible assets. NFTs will also ... Read More
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The Rise of Multicore: Core Banking System Transformation and the Many Ways to Be Digital
The Rise of Multicore: Core Banking System Transformation and the Many Ways to Be Digital This IDC Perspective presents a multicore framework for core banking system transformation, especially for mature and incumbent banks. The framework recognizes how these banks can introduce fourth-generation di ... Read More
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AML Trends in 2022: What You Need to Know
AML Trends in 2022: What You Need to Know This IDC Perspective reviews the trends and challenges facing financial institutions related to compliance with anti–money laundering (AML) laws and regulations. Criminal behavior is always a moving target without much of a break to catch your breath. Banks ... Read More
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Retail Applications of Cryptocurrency
Retail Applications of Cryptocurrency This IDC Perspective discusses the current consumer-level cryptocurrency market, examining what is driving the increasing use of cryptocurrencies in retail point-of-sale payments as well as how consumers are beginning to learn of the advantages cryptocurrencies ... Read More
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Case Study: The Botanical Water Exchange — Contributing to Sustainability Targets in Manufacturing Ecosystems
Case Study: The Botanical Water Exchange — Contributing to Sustainability Targets in Manufacturing Ecosystems This IDC Perspective is a case study about the blockchain-based Botanical Water Exchange (BWX). It describes how this digital trading platform contributes to sustainability targets in manufa ... Read More
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B2B Buy Now, Pay Later Poses Threat to Small Business Bank Lenders
B2B Buy Now, Pay Later Poses Threat to Small Business Bank Lenders This IDC Perspective looks at the changing face and disrupting forces of small business working capital lending. The key disrupters are fintechs that have digitized the legacy lending processes used by many banks. Small firms, espec ... Read More
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Cybersecurity Insurance: Are You Covering Your Risk?
Cybersecurity Insurance: Are You Covering Your Risk? This IDC Perspective identifies five crucial principles for IT executives about the use of cybersecurity insurance to transfer portions of an organization's cybersecurity risk to an insurance carrier. Modern cybersecurity insurance policies requir ... Read More
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Building the "Digital Factory of the Future" at Toyota Financial Services: An IDC Case Study
Building the "Digital Factory of the Future" at Toyota Financial Services: An IDC Case Study This IDC Perspective analyzed the creation of a "software factory" at Toyota Financial Services to underpin its broader transformation to a digital business model. More specifically, it looks at the role of ... Read More
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Performance and Monitoring of Financial Institution AI/ML Models
Performance and Monitoring of Financial Institution AI/ML Models This IDC Perspective highlights the awareness of monitoring AI/ML models for performance. Data is the new gold as far as the development and predictability of AI/ML models. Financial institutions are rich in data and are applying it t ... Read More
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Artificial Intelligence and Payments: A Natural Fit
Artificial Intelligence and Payments: A Natural Fit This IDC Perspective highlights findings from IDC's 2021Worldwide Industry AI Path Survey, looking specifically at the use, plans, and investments into artificial intelligence (AI) for payments. Banks have singled out payment processing as the most ... Read More