February 16, 2010 09:09 ET

10 Predictions for Financial Services in 2010

ROCKVILLE, MD--(Marketwire - February 16, 2010) - has announced the addition of IDC 's new report "Worldwide Financial Services 2010 Top 10 Predictions: Where to Next?," to their collection of Banking & Financial Services market reports. For more information, visit

This IDC Financial Insights report presents our top 10 predictions for global financial services. As we started 2009, there seemed to be no end in sight to the issues facing financial services. As we look forward to 2010, however, there appears to be signs that the worst is behind us. Nevertheless, we believe the industry will continue to face challenges as it addresses lingering issues from the past 24 months.

According to David Potterton, vice president of Global Research at IDC Financial Insights, "The focus in 2010 will be on restoring trust and confidence back to the financial sector. This means financial institutions will need to redefine their business models with an emphasis around the customer in order to get our industry back on track."

Topics covered in the report include...

--  Predictions
--  Situation Overview
--  Four Key Themes in 2010
--  Restoring Trust and Confidence
--  True Relationship Management
--  Redefining the Business Model
--  Innovation
--  Future Outlook
--  Prediction #1: Globally, the Number of Banking Institutions Will
    Shrink by 4%
--  Prediction #2: Delivery Is King: Winning Banks Will Focus on
    Delivering Information Back to the User
--  Prediction #3: Risk, Compliance, and Regulation Will Continue to
    Consume the Resources of Financial Institutions Globally
--  Prediction #4: Banks Will Redefine Their Business Models Seeking
    Profitability in This New Reality
--  Prediction #5: Capital Markets Financial Regulation and Reporting
    Will Have More Bark than Bite
--  Prediction #6: Second- and Third-Tier Capital Market Firms Will
    Rise in Importance and Sophistication
--  Prediction #7: The Revolution in How We Communicate Will Finally
    Hit Insurers Full Force
--  Prediction #8: Insurers Will Understand How to Wring Efficiency
    Out of IT Enterprise Initiatives
--  Prediction #9: Global Financial Institutions Will Begin Consolidating
    Risk Management Data Warehouses, Reallocating Capital Toward Risk
    Data Integration Solutions
--  Prediction #10: The FinTech Industry Will Consolidate in 2010, with 
    Enterprise Vendors (That Are Benefiting from a More Diversified
    Revenue Stream) Able to Acquire the Assets of FinTech Specialists
--  Essential Guidance
--  Related Research
--  Synopsis

For more information, visit .

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