Abstract
Introduction
With the phenomenal growth and rapid industrialization of the twin giants
China and India, the Asia-Pacific (APAC) region has spurred a dramatic shift
in the global economic order. his report will look at how the financial crisis
is impacting the region' s diverse economies, examine the technology priorities
across the region, and highlight go-to-market strategies for vendors.
Scope of this research
- This report will look at the underlying economic drivers in the region,
the effects of the global recession and future growth prospects.
- This report will look at the technologies being utilized in response to
the global recession.
Research and analysis highlights
This report will look across the region from developing to advanced economies,
and look at IT priorites in the face the downturn.
Historical factors and macroeconmic drivers will be explored, and examination
will be made of lessons learnt from previous crises, and how they prepared the
region to face the current crisis
Key reasons to purchase this research
- This research will enable to you to understand changes in IT budgets and
how they could impact your customers
- This research will enable you to understand how evolving business pains
will result in demand for specific solutions
Table of Contents
OVERVIEW
KEY MESSAGES
- APAC is well placed to weather the global recession
- The lessons of 1997 have enabled APAC to face the financial crisis in a
strong position
- The regulatory response will be centered around transparency and more
stringent reporting
- APAC will remain an attractive IT market despite the downturn
- Capital market integration will drive investment in infrastructure and
market data solutions
- Strong APAC banks on the acquisition trail will present IT integration
opportunities
- Integrated reporting and analytics can bring benefits across risk, finance
and operations
MARKET OPPORTUNITY
- APAC is well placed to weather the global recession
- Increased Chinese demand is key to the ' decoupling' of global growth
from over-reliance on the US
- The lessons of 1997 have enabled APAC to face the current crisis in a
strong position
- CASE STUDY: past mistakes strengthen Australian banks for the future
- APAC will remain an attractive IT market despite the downturn
- The downturn will drive a renewed focus on costs across all aspects of
the business
- Processes and infrastructure are being re-engineered for efficiency and
to build a platform for growth
- Utilization and cost efficiencies will be sought in infrastructure
- The regulatory response will be centered around transparency and more
stringent reporting
- Flexible reporting structures can be leveraged across multiple
compliance requirements
- Data volumes and compliance needs will combine to drive reporting
automation
- APAC markets continue to strengthen fraud and AML measures
- Capital market integration will drive investment in infrastructure and
trading data solutions
- Exchange integration is gathering pace in the quest for efficiency and
low latency across the region
- Strong APAC banks on the acquisition trail will present large IT
integration opportunities
CUSTOMER IMPACT
- There is a return to core banking activities and a re-engineering of core
platforms
- An increased focus on treasury and cash services is driving investment
in integrated service platforms
- Core banking transformation is a priority due to the limits of legacy
systems and M&A integrations
- Integrated reporting and analytics can bring benefits across risk, finance
and operations
- Integrated reporting and analytics can bring significant benefits to
performance management
- Integrated risk and finance reporting platforms will assist the
management of both risk and liquidity
- Banks are looking for efficient delivery of processes, applications and
infrastructure
- Efficiency and future growth needs will both drive BPM investments, but
compliance is the key catalyst
- Banks are looking at cost-effective and flexible approaches in
application delivery
- Virtualization has been widely adopted to optimize infrastructure in APAC
- Datacenter consolidation can also carry commensurate green benefits
GO TO MARKET
- Opportunities are to be found in APAC banks providing integrated and
flexible platforms
- Banks in advanced and newly industrialized economies are looking to take
the place of global institutions
- Adaptability to regulatory environments is a key feature of successful
cash and liquidity solutions
- In light of pending regulatory changes, flexibility will be the key
selling point across APAC
- In developing markets, banks are looking for consolidation and
standardization of infrastructure
- Recommendations
- To operate in such a diverse region, a keen appreciation of cultures and
customs is mandatory
- Vendors should target a wider range of stakeholders as risk integrates
with operations and finance
- Virtualization vendors should emphasis cost benefits in the initial
phases
- Green IT outcomes should be pushed as a win-win by vendors in
utilization technologies
- Vendors of all sizes must stress how they can meet today' s needs of cost
and implementation efficiency
APPENDIX
- Global banks by market capitalization, 2008 - 09
- Definitions
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
TABLES
- Table: The emerging regional framework
- Table: A sample of banks' core system projects underway as legacy systems
reach their limit
- Table: Vendors should extol the virtues of server consolidation across
core IT infrastructure
- Table: A changing of the guard: global banks by market capitalization,
2008 - 09
- Table: APAC Coverage
FIGURES
- Figure: Regional groupings
- Figure: Developing Asia to provide greatest growth opportunities during
the downturn
- Figure: FM IT spending in emerging APAC will be more resilient than in
mature markets
- Figure: Cost control and IT efficiency driving IT strategy in APAC
- Figure: Banks must address their cost base while positioning themselves
for regional growth
- Figure: Every effort must be made to leverage existing compliance
investment
- Figure: Fraud and process automation are IT compliance investment
priorities in APAC
- Figure: Fraud and AML are a key component of operational risk
- Figure: APAC banks poised to benefit from weakness of global banks
- Figure: Consolidation and re-engineering are the order of the day in APAC
- Figure: ANZ is typical of large Australian banks in targeting Asia for
future growth prospects
- Figure: Reporting solutions must be leveraged across multiple business
requirements
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