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Dec 2014 - Top 10 Predictions - Doc # AP250872

Asia/Pacific Banking 2015 Top 10 Predictions: Banking Beyond the Usual

Authors: Michael Araneta, Thomas Zink, Sui-Jon Ho, Li-May Chew, Michael Sek Pheng Yeo, Michael Versace
Abstract

This IDC Financial Insights study presents our top 10 predictions for the Asia/Pacific banking industry in 2015. This is part of a series of IDC prediction studies that aim to identify the top trends that will have an impact on business and technology decisions in the upcoming year.

Michael Araneta, research director for IDC Financial Insights Asia/Pacific, states, "A surprising development in Asia/Pacific banking has been in how quickly 3rd Platform technologies Big Data, mobile, social, and especially cloud have become mainstream. Even in the most conservative institutions, we have seen especially a greater acceptance that traditional ways of deploying technologies are not good enough anymore." This study cites how institutions across the region are taking in many new concepts: multiproduct suites, omni-channel, cross-border strategies, community or industry clouds, Internet of Things, and even new ideas that IDC Financial Insights calls "lifestyle banking."

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