IDC FutureScape Figure

Figure: IDC FutureScape: Worldwide Corporate Banking 2022 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

Summary of External Drivers

Predictions: Impact on Technology Buyers

Prediction 1: The massive change brought by current and upcoming SWIFT releases will force legacy replacement of trade finance systems, 75% of which will be cloud based by 2025

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IT Impact

Guidance

Prediction 2: By 2024, the use of shared industry cloud data will improve decisioning time on commercial loans by 50%

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IT Impact

Guidance

Prediction 3: By 2025, 50% of corporate banks will offer treasury as a service to corporate customers

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Guidance

Prediction 4: By 2026, 35% of payments will be optimized using AI-derived routing models

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Guidance

Prediction 5: By 2026, 40% of accounting software providers targeting SMEs will seek a bank license to provide financing options and payment support directly to customers

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Prediction 6: With CBDC rollouts gaining momentum, by 2025 more than 20% of tier I corporate banks will offer their clients integrated solutions to unlock liquidity from both traditional and digital assets.

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Prediction 7: As regulator and social pressures increase, 40% of banks will implement AI-based AML models to better detect patterns of human trafficking and other illicit activity with high social impacts by 2024

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Prediction 8: By 2023, 70% of global corporate banks will offer accounting and cash management tools targeted toward small businesses

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Prediction 9: By 2026, 80% of global corporate banks will reduce or be forced to reduce the carbon footprint of their lending activities by 40%, led by European and Asian players

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Prediction 10: 40% of corporate banks will platformize connectivity by 2023 to deal with the growing channel fragmentation. As an added benefit this will be the basis for actionable, proactive alerts and data services.

Associated Drivers

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Guidance

Advice for Technology Buyers

External Drivers: Detail

Pervasive Disruption Continues — Volatility, Opportunity, and Resilience

The Future Enterprise — Thriving in a Jungle of Agile Innovation

Embracing Digital First — New Strategies for Complexity and Ubiquity

The Velocity of Connectedness — The Future Is Data in Motion

Intelligence on Demand — Navigating the Torrent of Data

Digital Ecosystem — Thriving in a Multiplatform World

Environmental and Social Responsibility — A New Stakeholder-Driven Imperative

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