Digitization Trends in the Financial Services Industry - Market Size, Share

Albany, NY -- (SBWire) -- 09/26/2014 --“Digitization Trends in the Financial Services Industry” is a new report by Timetric that globally analyzes executives’ opinions on digitization trends, and identifies key factors and objectives driving and influencing organizations towards its adoption. The report also examines executives’ viewpoints about preferred digital technology for back-office operations in the financial services industry. It also highlights major challenges faced by organizations in the successful implementation of digitization, and evaluates projected budget allocations to digitization over the next two years.

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Synopsis

The report examines key factors driving digitization in the financial services industry
The report identifies major challenges faced by organizations in the successful implementation of digitization
The report assesses how organizations are implementing, or planning to implement, digitization, and identifies preferred digital technology for back-office operations in the financial services industry
The report evaluates expected changes in product ranges and services offered as a result of digitization
The report examines overall budget shares that organizations intend to invest in digitization over the next two years
The report highlights executives’ expectations about changes in revenues resulting from value-added services over the next two years
The report examines the importance of social media in the future prospects of digitization in the financial services industry
The report identifies regions which will show the greatest advances in digitization over the next two years

Key highlights

Cost reductions and improvements in customer service and engagement are driving digitization in the financial services industry
Most organizations are implementing or planning to implement digitization by themselves
Business process management is the most preferred digital technology for back-office operations
Revenues resulting from value-added services are projected to increase by 10.5% over the next two years
Asia and North America will show greatest advances in digitization over the next two years

Table of Contents

Methodology and sample size
Key goals to be achieved through digitization
Key drivers of digitization
Major challenges in the successful implementation of digitization
Organizations’ approaches to digitization strategy
Preferred digital technology for back-office operations in the financial services industry
Impact and influence of digitization on product range and services
Projected services under digitization
Projected budget allocations to digitization over the next two years
Revenue projections from value-added services over the next two years
Influence of social media on digitization prospects
Regions with significant advancement potential for digitization over the next two years

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