Five Emerging Trends Will Reshape Global Banking in Next Decade: IBM Study

Five Emerging Trends Will Reshape Global Banking in Next Decade: IBM Study

IBM today released a landmark study revealing the key trends and innovations that will define the global banking industry in 2015. The study “Banking 2015: Defining the Future of Banking” (available at http://www.ibm.com/services/us/bcs/html/bcs_banking.html) forecasts trends in banking to produce a unique insight into the competitive forces that will face bankers in the next 10 years. The study also spotlights the emerging business and technology innovations and societal trends that will propel and shape the industry’s transformation.

The survey by IBM’s strategic research unit, The Institute for Business Value, comes at a time of rapid change fueled by new information technology, global regulations and emerging markets in Asia, Eastern Europe and South America. Worldwide, total financial services revenue is forecast to experience compound annual growth of 7.1 percent between 2000 and 2015, from US $2 billion to US $5.6 billion. In the Asia-Pacific region, IBM predicts a growth rate of about 7.6 percent.

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