Technology Investments in Indonesian Banks: Challenges Persist, But Opportunities Exist

This Financial Insights report recounts key discussion points at a closed-door executive roundtable session led by Financial Insights and attended by CIOs and senior IT executives from Indonesian banks. With the discussion being held just as the global financial climate was starting to deteriorate, this report also points out the opportunities and challenges for domestic and foreign banks operating in Indonesia, and shares insights into the strategies being employed by these banks and their service providers.

"What is certain is that the prevailing uncertainty will have an impact - although the extent of which is still unclear - on the growth strategies of banks, extending to technology investments," remarks Shawn Yip, analyst in Financial Insights Asia/Pacific.

"While relatively shielded from the crisis contagion afflicting their international counterparts, Indonesian banks have to assess recent changes in the banking landscape, identify key growth areas, and align their business models and technology investment strategies accordingly. We expect some shifts in IT priorities, which will increase the focus on business case justification, but the outlook for continued investments remains positive." This book may contain less than 24 pages of technical content.