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Bankers as Buyers 2010 A summary of the report detailing what technology, solutions and services bankers will buy in 2010 and the changing financial industry landscape
Contributors
Featured Articles “ This year’s edition is rife with practical realism and cautious optimism.”  – Scott Mills, president, William Mills Agency ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Year in Review In a February 2009 survey of community banks, Aite Group found that 41% expected to increase their technology spending from 2008.
Four months later, those figures had decreased, with only 23% of all banks surveyed expecting to increase technology spending in 2009. In the end, analysts saw a slight increase in technology spending in the second half of 2009, with banks investing in strategic technology such as mobile banking, risk management and online account opening efforts.
2010 Industry Landscape ,[object Object],[object Object],[object Object],A survey by Aite Group of bank CIOs cites that 35% of institutions expect to be supporting growth by acquisition by mid-2011 as more banks fail and larger banks pick up the pieces.
Spending Outlook “ A lot of things will reset to lower levels than they were before.”  - Jeanne Capachin, research vice president, global banking, IDC Financial Insights North American Banking IT Spend
[object Object],[object Object]
Other Topics of Interest Mobile Technology “ In the past, people wanted mobile banking to work just like Internet banking on their PCs. But now they want something that’s quick loading and enabled to enter a PIN and password, so that you can check a balance, transfer funds or pay bills.”   -Jimmy Sawyers, Sawyers and Jacobs, LLC   Security Compliance “ Compliance comes down to something people have to do.”   - Andy Greenawalt, CEO of Continuity Engine   Community Banks “ Community banks are seeing an increasing share of the deposits.”  - Jacob Jegher, senior analyst for Celent .   Cloud Computing Social Media “ Social media helps build a sense of loyalty not just between the customers and the bank, but also between the bank and the community. It’s a catalyst for business-to-business relationships.”  - Daniel Robbins, senior vice president, Atlantic Southern   Software as a Service
Bankers as Buyers 2010 To access the entire report, please visit the William Mills Agency on SlideShare at  http://www. slideshare .net/ williammillsagency

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Bankers As Buyers Summary And Highlights

  • 1. Bankers as Buyers 2010 A summary of the report detailing what technology, solutions and services bankers will buy in 2010 and the changing financial industry landscape
  • 3.
  • 4. A Year in Review In a February 2009 survey of community banks, Aite Group found that 41% expected to increase their technology spending from 2008.
  • 5. Four months later, those figures had decreased, with only 23% of all banks surveyed expecting to increase technology spending in 2009. In the end, analysts saw a slight increase in technology spending in the second half of 2009, with banks investing in strategic technology such as mobile banking, risk management and online account opening efforts.
  • 6.
  • 7. Spending Outlook “ A lot of things will reset to lower levels than they were before.” - Jeanne Capachin, research vice president, global banking, IDC Financial Insights North American Banking IT Spend
  • 8.
  • 9. Other Topics of Interest Mobile Technology “ In the past, people wanted mobile banking to work just like Internet banking on their PCs. But now they want something that’s quick loading and enabled to enter a PIN and password, so that you can check a balance, transfer funds or pay bills.” -Jimmy Sawyers, Sawyers and Jacobs, LLC Security Compliance “ Compliance comes down to something people have to do.” - Andy Greenawalt, CEO of Continuity Engine Community Banks “ Community banks are seeing an increasing share of the deposits.” - Jacob Jegher, senior analyst for Celent . Cloud Computing Social Media “ Social media helps build a sense of loyalty not just between the customers and the bank, but also between the bank and the community. It’s a catalyst for business-to-business relationships.” - Daniel Robbins, senior vice president, Atlantic Southern Software as a Service
  • 10. Bankers as Buyers 2010 To access the entire report, please visit the William Mills Agency on SlideShare at http://www. slideshare .net/ williammillsagency