Banking Highlights
Banking on the Future
In a competitive landscape that favours the fastest and the smartest, financial services firms that invest in building sophisticated insight and predictive analytics will be better positioned to emerge as market leaders.
Forward thinking banks will use this strategic insight driver to:
- Attract and retain customers
- Develop new sources of revenue
- Streamline operations
- Proactively address risk and regulatory requirements
Core Banking Modernisation
The complexity of core banking systems inhibits the ability of the business to adapt to change. Simplifying and modernising legacy core banking systems is not a matter of addressing IT cost and efficiency. Rather, the sustainability of the business is at stake. IBM sees three key imperatives during a need to address core banking systems today:
- A new focus on the customer through improved customer information, insight and interaction, enabling customer-centricity, product bundling and relationship pricing.
- The integration of risk management across the enterprise to mitigate operational risk, optimise financial returns and meet compliance requirements.
- The need to respond to new business and operation models based on a technology architecture that enables enterprise-wide business agility while lowering the cost of operations.
Toward transparency and sustainability: Building a new financial order
How will the financial markets industry make money in the future? The current financial crisis has exposed the problems with creating and exploiting "pockets of opacity" across the system. If the industry is to deliver sustainable returns, it will have to embrace change. It will need to begin by working with regulators to build a financial system that is stable while still allowing for healthy innovation. Individual firms will also have to specialise and learn to fulfill their brand promises.
Thought Leadership
Research, analysis and perspectives explore banking industry issues.
Reports from the IBM Institute for Business Value (US)
News
Success stories
The insurance industry is facing pressing issues: personal lines carriers are finding it difficult to sustain growth; consumers are increasingly choosing to less-profitable products; health insurers are facing the demands of an aging, empowered customer base; and commercial lines carriers are under intense competitive pressure from brokers for large, complex accounts and from shareholders expectations of improved returns.
We can help firms address these and other issues by identifying new, sustainable sources of value through modernising and integrating virtually every business process insurers use, both within and outside the organisation.
