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European retail banking technology spending - value focus in the downturn
Datamonitor, Jan 2001
Comprehensive study of European retail banks'' IT spending patterns to 2005, including benchmarking data and forecasts by source, activity and geography.Retail banks'' IT spending patterns are changing. Increased competition and the threat of lower margins, combined with the effects of the general economic slowdown, are causing downward pressures on IT budgets and slowing growth in retail banks'' IT expenditure. This is urging retail banks to focus on cost control and rapid ROI to devise their IT investment strategies, making outsourcing the new buzzword. The aims of this report are therefore to: -analyze the primary business and technology drivers affecting the European retail banking market in the light of the changing economic environment -benchmark retail banks'' IT spending patterns, allowing retail banks to compare their IT spend with that of the competition -quantify the major segments of technology investment by source, activity and geography to 2005, allowing IT vendors to identify and position themselves on the key growth segments -investigate how key technology companies are positioned in the European retail banking market, especially in the key growth segments, including outsourcing.
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