target audience: TECH BUYER Publication date: Oct 2021 - Document type: IDC FutureScape - Doc Document number: # US47804121
IDC FutureScape: Worldwide Corporate Banking 2022 Predictions
Table of Contents
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IDC FutureScape Figure
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Figure: IDC FutureScape: Worldwide Corporate Banking 2022 Top 10 Predictions
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Executive Summary
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IDC FutureScape Predictions
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Summary of External Drivers
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Predictions: Impact on Technology Buyers
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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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Associated Drivers
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IT Impact
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Guidance
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Prediction 2: By 2024, the use of shared industry cloud data will improve decisioning time on commercial loans by 50%
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Associated Drivers
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IT Impact
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Guidance
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Prediction 3: By 2025, 50% of corporate banks will offer treasury as a service to corporate customers
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Associated Drivers
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IT Impact
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Guidance
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Prediction 4: By 2026, 35% of payments will be optimized using AI-derived routing models
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Associated Drivers
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IT Impact
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Guidance
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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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Associated Drivers
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IT Impact
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Guidance
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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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Associated Drivers
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IT Impact
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Guidance
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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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Associated Drivers
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IT Impact
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Guidance
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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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Associated Drivers
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IT Impact
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Guidance
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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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Associated Drivers
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IT Impact
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Guidance
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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.
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Associated Drivers
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IT Impact
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Guidance
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Advice for Technology Buyers
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External Drivers: Detail
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Pervasive Disruption Continues — Volatility, Opportunity, and Resilience
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The Future Enterprise — Thriving in a Jungle of Agile Innovation
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Embracing Digital First — New Strategies for Complexity and Ubiquity
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The Velocity of Connectedness — The Future Is Data in Motion
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Intelligence on Demand — Navigating the Torrent of Data
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Digital Ecosystem — Thriving in a Multiplatform World
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Environmental and Social Responsibility — A New Stakeholder-Driven Imperative
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Learn More
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Related Research
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