target audience: TECH BUYER  Publication date: Oct 2022 - Document type: IDC FutureScape - Doc  Document number: # US49411822

IDC FutureScape: Worldwide Corporate Banking 2023 Predictions

By: 

  • Tom Zink Loading
  • Maria Adele Di Comite Loading
  • Phillip Silitschanu Loading
  • Aaron Press Loading
  • Thomas Shuster Loading
  • Raymond Pucci Loading
  • Ralf Helkenberg Loading
  • Ganesh Vasudevan

Content



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Table of Contents


  • IDC FutureScape Figure

    • Figure: IDC FutureScape: Worldwide Corporate Banking 2023 Top 10 Predictions

  • Executive Summary

  • IDC FutureScape Predictions

    • Summary of External Drivers

    • Predictions: Impact on Technology Buyers

    • Prediction 1: By 2024, 30% of corporate banks will offer reconciliation as a service, built upon request to pay, e-invoicing, and real-time payments, leading to new revenue streams in payments reconciliation

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 2: By 2025, 40% of corporate banks will deploy privacy-enhancing technologies to enable new trusted multiparty computation scenarios across AI/ML modeling, business analytics, and the cloud

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 3: By 2025, 50% of corporate banks will adopt enterprise risk management tools with predictive analytics to mitigate uncertainty and improve risk-based strategic sourcing, resilience, and trade management

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 4: By 2025, 40% of global corporate banking revenue will be accrued through collaborative engagements such as embedded finance, banking as a service, and platform integration

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 5: By 2026, worldwide B2B BNPL will reach $500 billion, with fintechs and BNPL platforms competing with legacy financial institutions to provide SMBs with working capital loans

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 6: By 2026, 15% of the global foreign exchange derivatives market will originate from embedded hedging services (hedging-as-a-service)

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 7: By 2027, corporations will reduce B2B payment costs by 5% through the integration of real-time networks

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 8: By 2027, 50% of new securities issued globally will be issued as NFTs (or blockchain-based tokens) as a technology channel for private and public equities, debt, and derivatives

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 9: By 2028, 50% of corporates will practice enterprise liquidity management, requiring banks to deliver API-based, real-time data services and transactional services to centralize treasury operations

    • Associated Drivers

    • IT Impact

    • Guidance

    • Prediction 10: By 2028, digital trade finance transactions will make up 30% of trade finance if trade ecosystems become interoperable, standardized, technology-agnostic, and easily accessible to customers

    • Associated Drivers

    • IT Impact

    • Guidance

  • Advice for Technology Buyers

  • External Drivers: Detail

    • Storms of Disruption — Accelerating, Interconnected Uncertainty

    • Global Supply Shock — Refocusing on Multisource and Resilience

    • Digital Business — Stepping Stone to the Future Enterprise

    • Meaningful Intelligence — Differentiated Decision Power

    • Ecosystem-Based Innovation — Driving Enterprise Value

    • Everything as a Service — Thriving Through the Change

  • Learn More

    • Related Research