Spending by banks in Asia-Pacific on technology, amounting to $100 billion, has not translated to the desired return-on-investments (ROI).
This is contained in IDC Infobrief “Accelerating Customer-Centric Transformation by Balancing Build and Buy – A Collaborative Approach toward Sustainable Digital Banking Architecture,” the full details of which will be unveiled in the region this month via a series of forum.
The Infobrief unveils data that in-house platform builds have not yielded the desired ROI for banks and is distinctly slower to go-to-market for banks in the region.
IDC Infobrief was launched by Backbase, the global leader in Engagement Banking, along with IDC, a global technology market intelligence leader.
The IDC Infobrief depicts where digital acceleration and transformation efforts have gone wrong will be unveiled.
In the banking industry, especially when it comes to digital banking architecture, many banks in APAC tend to in-source and build their platform architecture in-house. Yet many of these banks keep coming back to the question if their digital transformation has been effective and has yielded them the ROI, growth, retention, and preference they envisioned.
The Manila leg of the IDC and Backbase Leadership Banking Insights Forum 2023 – Key Steps to Accelerating Digital Transformation and Digital Differentiation will be held on June 22 featuring keynotes and closed-door panel discussions with industry expert Cyrus Daruwala, IDC managing director of Global Financial Services; Roy Villareal, BDO Unibank head of Digital Banking, Consumer Banking Group, and Backbase’s digital banking transformation experts.
“One of the thorniest questions for banking transformation leaders is whether to build or buy the digital banking platforms they need. This Infobrief creates clarity to this dilemma and creates structure to the decision-making process for APAC banks,” said Ashish Kakar, research director of IDC Financial Insights
