Tag «IDC Financial Insights»

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

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

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

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 …

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 …

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

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

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 …