IDC FutureScape: Worldwide Corporate Banking 2023 Predictions

IDC FutureScape Figure

• Figure: IDC FutureScape: Worldwide Corporate Banking 2023 Top 10 Predictions

Executive Summary

IDC FutureScape Predictions

• Summary of External Drivers

• Predictions: Impact on Technology Buyers

• Prediction 1: By 2024, 30% of corporate banks will offer reconciliation as a service, built upon request to pay, e-invoicing, and real-time payments, leading to new revenue streams in payments reconciliation

• Associated Drivers

• IT Impact

• Guidance

• Prediction 2: By 2025, 40% of corporate banks will deploy privacy-enhancing technologies to enable new trusted multiparty computation scenarios across AI/ML modeling, business analytics, and the cloud

• Associated Drivers

• IT Impact

• Guidance

• Prediction 3: By 2025, 50% of corporate banks will adopt enterprise risk management tools with predictive analytics to mitigate uncertainty and improve risk-based strategic sourcing, resilience, and trade management

• Associated Drivers

• IT Impact

• Guidance

• Prediction 4: By 2025, 40% of global corporate banking revenue will be accrued through collaborative engagements such as embedded finance, banking as a service, and platform integration

• Associated Drivers

• IT Impact

• Guidance

• Prediction 5: By 2026, worldwide B2B BNPL will reach $500 billion, with fintechs and BNPL platforms competing with legacy financial institutions to provide SMBs with working capital loans

• Associated Drivers

• IT Impact

• Guidance

• Prediction 6: By 2026, 15% of the global foreign exchange derivatives market will originate from embedded hedging services (hedging-as-a-service)

• Associated Drivers

• IT Impact

• Guidance

• Prediction 7: By 2027, corporations will reduce B2B payment costs by 5% through the integration of real-time networks

• Associated Drivers

• IT Impact

• Guidance

• Prediction 8: By 2027, 50% of new securities issued globally will be issued as NFTs (or blockchain-based tokens) as a technology channel for private and public equities, debt, and derivatives

• Associated Drivers

• IT Impact

• Guidance

• Prediction 9: By 2028, 50% of corporates will practice enterprise liquidity management, requiring banks to deliver API-based, real-time data services and transactional services to centralize treasury operations

• Associated Drivers

• IT Impact

• Guidance

• Prediction 10: By 2028, digital trade finance transactions will make up 30% of trade finance if trade ecosystems become interoperable, standardized, technology-agnostic, and easily accessible to customers

• Associated Drivers

• IT Impact

• Guidance

Advice for Technology Buyers

External Drivers: Detail

• Storms of Disruption — Accelerating, Interconnected Uncertainty

• Global Supply Shock — Refocusing on Multisource and Resilience

• Digital Business — Stepping Stone to the Future Enterprise

• Meaningful Intelligence — Differentiated Decision Power

• Ecosystem-Based Innovation — Driving Enterprise Value

• Everything as a Service — Thriving Through the Change

Learn More

• Related Research