Jsb Market Research : Ict Investment Trends in Retail Banks - Enterprise Ict Spending Patterns Through to the End of 2015

ICT investment trends in retail banks - Enterprise ICT spending patterns through to the end of 2015

Released On 25th September 2014

Summary

This ICT investment trends in retail banks - Enterprise ICT spending patterns through to the end of 2015 report presents the findings from a survey of 136 retail banks regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how retail banks currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

Key Findings

Kable’s survey shows that retail banks are spending a significant portion of their ICT budgets (X%) on ICT hardware.

In 2014, X% of retail banks are planning to increase their overall ICT expenditure (both slightly and significantly) in compliance and operational risk management.

Online banking has been assigned the highest investment priority by retail banks, as X% of respondents consider it as one of the top three IT projects in 2014.

Synopsis

This report presents the findings from a survey of 136 retail banks regarding their Information & Communications Technology (ICT) investment trends. The survey investigates how retail banks currently allocate their ICT budgets across the core areas of enterprise ICT expenditure: hardware, software, IT services, communications, and consulting.

The report illustrates the core technologies enterprises are investing in, including business intelligence, mobility and cloud computing. The survey also highlights the approach adopted by retail banks to purchase technology. Through Kable’s survey, the report aims to provide better insight to ICT vendors and services providers when pitching their solutions to retail banks.

In particular, it provides an in-depth analysis of the following:

Understand how ICT budgets are set to change in 2014 in terms of their overall size.

Appreciate how IT budgets are allocated...