IDC FutureScape: Worldwide Corporate Banking 2022 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Corporate Banking 2022 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• 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

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: By 2024, the use of shared industry cloud data will improve decisioning time on commercial loans by 50%

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: By 2025, 50% of corporate banks will offer treasury as a service to corporate customers

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2026, 35% of payments will be optimized using AI-derived routing models

• Associated Drivers

• IT Impact

• Guidance

• 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

• Associated Drivers

• IT Impact

• Guidance

• 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.

• Associated Drivers

• IT Impact

• Guidance

• 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

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: By 2023, 70% of global corporate banks will offer accounting and cash management tools targeted toward small businesses

• Associated Drivers

• IT Impact

• Guidance

• 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

• Associated Drivers

• IT Impact

• Guidance

• 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.

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• Pervasive Disruption Continues — Volatility, Opportunity, and Resilience

• The Future Enterprise — Thriving in a Jungle of Agile Innovation

• Embracing Digital First — New Strategies for Complexity and Ubiquity

• The Velocity of Connectedness — The Future Is Data in Motion

• Intelligence on Demand — Navigating the Torrent of Data

• Digital Ecosystem — Thriving in a Multiplatform World

• Environmental and Social Responsibility — A New Stakeholder-Driven Imperative

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