Tag «IDC Financial Insights»

SAP HANA® to Transform Business Processes and Data Analysis for Banking and Insurance Customers


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SAP NEWSBYTE — June 23, 2015 — SAP SE (NYSE: SAP) today announced a new foundational offering that aims to help financial services and insurance companies better manage their integrated risk and finance processes. The SAP® Cost and Revenue Allocation for Financial Products application is expected to help banks and insurers streamline profitability for insurance …

IDC Financial Insights Evaluates Policy Administration System Vendors for Global Insurers in New IDC MarketScape


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Core replacement cycles are brewing and global insurers will spend US$8.2 billion on software and IT services for policy administration in 2015   Singapore and Hong Kong, May 6, 2015 – IDC Financial Insights announced today the availability of a new IDC MarketScape report, “IDC MarketScape: Worldwide Policy Administration Systems Vendor Assessment 2015”,(Document #AP251041), which …

40% of Asia Pacific Financial Services Institutions Expect IT Budgets to Grow over 10% in 2015: IDC Financial Insights


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Singapore and Hong Kong – 5 March, 2015 – Every two out of five decision-makers in Asia’s financial institutions are expecting growth in IT budgets to exceed 10% in 2015 as the industry collectively renews its resolution to further digitize its practices.   In a survey conducted among 650 delegates of IDC Financial Insights’ eleventh …

Global Financial Industry to Spend US$6.57 Billion on Credit Risk Management Software, IT Services in 2014;


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 Investments to Grow at 3-Year CAGR of 9% through 2018: IDC Financial Insights     Singapore and Hong Kong, October 30, 2014 – The global financial industry will spend US$6.57 billion on software and IT services for credit risk management in 2014, representing 17.9% of the total investments on all risk management software and services …

Will the Rise of a Malaysian Megabank Mean Megabucks for Regional IT Players?: IDC Financial Insights


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By Michael Araneta, Consulting and Research Director, IDC Financial Insights and Sui-Jon Ho, Market Analyst, IDC Malaysia Singapore and Hong Kong, July 14, 2014 – The Malaysian banking regulator gave the go-ahead on 10 July 2014 for CIMB Bank to start talks for a potential merger between CIMB Bank, RHB Capital and Malaysia Building Society …

IDC Financial Insights: Bank IT Spending To Reach 7.0% Average CAGR in Asia’s Era of Proactive Innovation

Singapore and Hong Kong, February 27, 2014 – Reassessment of the unique relationship between innovation and compliance will define new banking initiatives in Asia in the upcoming decade. “The region is keyed up for a convergence between technological and business capabilities in order to capitalize on Asia’s rapid financial maturation,” says Michael Araneta, research director …

Asia/Pacific Banks Lead the Way into Mobile Financial Services: IDC Financial Insights


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Singapore, February 12, 2014 – Mobile payments and mobile marketing remain top investment priorities for banks in Asia. While the gross of the initiatives are largely similar in nature, some players in Asia/ Pacific are taking mobile innovation to the next level. A new IDC Financial Insights Asia/Pacific report has identified 50 mobility initiatives that …

Buoyed by Growth from Emerging Asian Nations, Asia/Pacific Insurers will Spend US$18 billion on Technology in 2014: IDC Financial Insights


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Singapore and Hong Kong, December 16, 2013 – As global economies continue to mend gradually and insurance markets harden, IDC Financial Insights projects technology spending of Asian insurers rising in tandem. Amongst others, IDC Financial Insights sees the necessity to – enhance operational flexibility and optimize on business process; innovate in product development and pricing; …

Asia/Pacific Banks Sharpen Competitiveness in 2014 with Customer-Centric Innovations: IDC Financial Insights


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Singapore and Hong Kong, December 10, 2013 – Asia/Pacific banks will race to out-innovate their competition in 2014, taking advantage of how some of their peers are distracted by other concerns or are maintaining business-as-usual.   This was revealed in a recently published report by IDC Financial Insights Asia/Pacific that presents the top 10 trends …

IDC Financial Insights announces winners of the Financial Insights Innovation Awards 2013

Singapore and Hong Kong – 1 March, 2013 – Twelve Asia/Pacific financial institutions were conferred the  prestigious Financial Insights Innovation Awards (FIIA) today. The FIIA award ceremony was held on the second day of Asian Financial Services (AFS) Congress 2013 at the Marina Bay Sands Singapore. These winners set the new benchmarks for industry best …