U.S. Bank Spending 2005-2010 Forecast and Analysis: Consumer and Core Banking Solutions

This Financial Insights study provides a five-year spending forecast of technology spending by U.S. banking institutions. The solution areas included in this study are core banking, consumer lending, channels, and asset and wealth management. These are some of the most high-profile investments an institution can make. As the industry continues to consolidate and seek new growth opportunities, more investments are planned to move to a true multichannel environment and to ensure that legacy applications will continue to support the growing businesses of the institution. According to Jeanne Capachin, research director, Consumer Banking and Credit, "Growing the consumer deposit base is top of mind for institutions now and will continue to be as they seek low-cost funding sources. To compete in the overbanked U.S. market, successful institutions will invest in technology that provides them with both competitive advantage now and a technology platform that will grow along with their business."