- Twee derde (66%) van de bankmanagers zegt dat nieuwe technologieën de komende vijf jaar het wereldwijde bankwezen zullen blijven stimuleren, vergeleken met 42% in 2019
- AI scheidt winnaars van verliezers, zegt 77% van de ondervraagde bankiers tijdens COVID-19
- 84% van de bankiers is van mening dat DevOps en moderne cloudplatforms de belangrijkste banktransformatie zullen stimuleren
- Bijna de helft (45%) van de wereldwijde bankmanagers is van plan hun bedrijfsmodellen om te zetten in digitale ecosystemen om de klantervaring te verbeteren en nieuwe inkomstenstromen te creëren
- In dit wereldwijde, onafhankelijke rapport, nu in het zevende jaar, worden meer dan 300 senior bankmanagers onderzocht, van wie 49% C-suite is
GENÈVE– (BUSINESS WIRE) – Twee derde van de bankmanagers is van mening dat nieuwe technologieën zoals AI en machine learning de komende vijf jaar de grootste impact zullen blijven hebben op de wereldwijde banksector, volgens een wereldwijd onderzoek uitgevoerd door de Economist Intelligence Unit (EIU) namens Temenos (SIX: TEMN), het banksoftwarebedrijf. Het nieuwe rapport “Forging new frontiers: advanced technologies will revolutionize banking” benadrukt dat COVID-19 waarschijnlijk de digitale transformatie van banken zal versnellen, die nu al te maken hebben met intense concurrentie van betalingsspelers, Big Tech en e-commercebedrijven.
The Number of Banking Executives Saying New Technologies Will Drive Global Banking Rises by 57% in a Year, Reveals Economist Intelligence Unit Report Released by Temenos
● Two-thirds (66%) of banking executives say new technologies will continue to drive global banking in the next 5 years compared to 42% in 2019
● AI will separate winners from losers, say 77% of bankers surveyed during COVID-19
● 84% of bankers believe that DevOps and modern cloud platforms will drive core banking transformation
● Nearly half (45%) of global banking executives are set on transforming their business models into digital ecosystems to enhance customer experience and create new revenue streams
● This global, independent report, now in its seventh year, surveys over 300 senior banking executives, 49% of whom are C-suite
GENEVA–(BUSINESS WIRE)– Two-thirds of banking executives believe that new technologies such as AI, machine learning will continue to have the greatest impact on the global banking sector in the next five years, according to a global survey conducted by the Economist Intelligence Unit (EIU) on behalf of Temenos (SIX: TEMN), the banking software company. The new report “Forging new frontiers: advanced technologies will revolutionize banking” highlights that COVID-19 is likely to accelerate the digital transformation of banks, which already face intense competition from payment players, Big Tech and e-commerce firms.
The report trends will be discussed on the webinar ‘The Future of Digital Banking: Revolution Accelerated” on 25 June, with the CEO and Founder of Varo Money, the EIU and Temenos.
With COVID-19 accelerating the digitization of banking, 45% of banking respondents say their strategic response is to build a ‘true digital ecosystem’ and integrate their self-built digital services and third-party offerings. AI will undoubtedly play a key role in accelerating this digital shift. Over three-quarters (77%) of respondents agree that unlocking value from Artificial Intelligence (AI) will be a key differentiator between winning and losing banks. And improving user experience through greater personalization ranked highest (28%) among the most valuable uses for AI.
The focus is shifting towards enterprise agility with DevOps, which brings together software development and IT operations using modern cloud-based platforms. In fact, 84% of respondents agree that DevOps will drive transformation in core banking, while 81% of banking executives believe a multi-cloud strategy will become a regulatory pre-requisite. The primary focus of banks’ technology investment is on cybersecurity (35%), followed by developing AI platforms such as digital advisors and voice assisted engagement channels (33%), and cloud-based technologies (27%).
Max Chuard, Chief Executive Officer, Temenos, said: “Banks were under huge pressure due to new competitors, ongoing regulation and slowing profit growth – these pressures have intensified as a result of the pandemic. The report highlights that senior banking executives believe that new technologies such as AI will have the greatest impact in banking in the coming years. As the digitization of banking continues, these new technologies can help banks fend off competitors and gain competitive advantage.
“Temenos’ cloud-advanced, AI technology and rich banking functionality can help banks deliver value to their customers in the immediate term and accelerate their digital transformation to build sustainable growth in the future. Trends toward digital banking, cloud and SaaS models will only become more pronounced – in the new normal, the need for modern banking technology will be greater than ever.”
Pete Swabey, Editorial Director EMEA – Thought Leadership, The Economist Intelligence Unit, added: “Retail, corporate and private banks were already under pressure to deploy new technologies quickly and change their cultures in order to compete with big tech firms and payment players and deliver an engaging digital experience. Now, as digital banking surges as a result of the coronavirus crisis, this task is more pressing than ever.”
About the survey
Now in its seventh year, the Economist Intelligence Unit report includes for the first time respondents from commercial and private banks, alongside retail banks. The EIU surveyed 305 global banking executives throughout February and March 2020 about the challenges banks are facing relating to the digitization of the sector, and the strategies they are deploying in response. Almost half of respondents (49%) were at C-Suite level. Respondents came from Europe (25%), North America (24%), Asia-Pacific (18%), Africa and the Middle East (16%), and Latin America (17%).
– Ends –
Temenos AG (SIX: TEMN), headquartered in Geneva, is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic front office and core banking, payments, fund management and wealth management software products enabling banks to deliver consistent, frictionless customer journeys and gain operational excellence.
Temenos software is proven to enable its top-performing clients to achieve industry-leading cost-income ratios of 25.2% and returns on equity of 25.0%, 2X better than the industry average. These clients also invest over 53% of their IT budget on growth and innovation versus maintenance, which is 2.5X the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com.
Temenos Global Public Relations
Tel: +1 610 232 2793
Email : firstname.lastname@example.org
Alistair Kellie & Andrew Adie
Newgate Communications on behalf of Temenos
Tel: +44 20 7680 6550