target audience: TECH SUPPLIER Publication date: Oct 2023 - Document type: Market Presentation - Doc Document number: # US49870623
Industry Analysis Perspective: Americas Financial Services, 2023
This IDC Market Presentation provides an Industry Analysis Perspective, which is designed to provide technology sellers' sales, marketers, and product and channel managers with insight into the North American financial services industry (FSI) landscape in 2023 and beyond. By understanding how the business side operates, tech sales leaders, tech marketing leaders, and product and channel managers will more clearly see which areas their technology products and services can truly add value to a financial institution.
"The North American financial services industry is dynamic and constantly evolving, but it also faces several substantial challenges. Regulatory requirements are forcing financial entities to adopt measures to ensure operational resiliency while innovating using digital technologies to remain competitive and exceed consumer expectations. Current investments in infrastructure modernization will quickly give way to more advanced digitalization initiatives that leverage cloud, AI, and big data and analytics. Significant opportunities exist for technology vendors; however, vendors must be willing to invest in understanding the nuances of specific subsectors." — Nigel Wallis, research VP, IDC Insights