I’m here at one of the largest jamborees of the payments year behind SIBOS, IPS2010.
The conference opened with a lengthy interactive voting session with the 400-strong audience.
Here are the results:
What will have the biggest impact on transaction banking in 2010?
46.5% New regulations
16.0% New payments providers
12.3% Interest rates
12.3% Growth in the core G8 countries
8.0% Technology change
2.1% FX volatility
2.7% None of the above
What are the main constraints within your transaction banking business?
Are you increasing or decreasing your investments in transaction banking?
Are you investing for:
45.0% Lower operational costs
44.4% Long term growth
10.6% Short term revenue gains
Where will growth come from this year?
45.3% Existing clients
33.2% Emerging markets
15.5% Acquiring weak competitor’s customers
6.1% No idea
What is your strategy for emerging markets?
30.8% Grow organically
17.9% Grow through M&A
47.2% Grow through a mixture of both of the above
4.1% No idea
Will there be more banking M&A this year?
Which business area makes your CEO smile the most?
36.5% Commercial Banking
26.0% Retail Banking
10.9% Corporate Finance
Is lending a:
45.8% Part of a suite of banking products
44.9% Core banking product
9.4% Necessary evil
Where will interest rates in the Eurozone be, by the end of this year?
26.2% The same
43.7% 25 basis points higher (0.25%)
14.2% 50 basis points higher (0.5%)
Question 9 intrigued me the most. One out of ten bankers think that lending is a 'necessary evil' … no wonder access to loans is so hard right now!