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Taking the pulse of the payments markets

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:

Question 1

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

Question 2

What are the main constraints within your transaction banking business?

45.7% Regulations
37.8% Investment
9.2%   Costs
7.3%   Credit

Question 3

Are you increasing or decreasing your investments in transaction banking?

84.6% Increasing
15.4% Decreasing

Question 4

Are you investing for:

45.0% Lower operational costs
44.4% Long term growth
10.6% Short term revenue gains

Question 5

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

Question 6

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

Question 7

Will there be more banking M&A this year?

83.7% Yes
16.3% No

Question 8

Which business area makes your CEO smile the most?

36.5% Commercial Banking
26.0% Retail Banking
16.7% Trading
10.9% Corporate Finance

Question 9

Is lending a:

45.8% Part of a suite of banking products
44.9% Core banking product
9.4%   Necessary evil

Question 10

Where will interest rates in the Eurozone be, by the end of this year?

9.3% Lower
26.2% The same
43.7% 25 basis points higher (0.25%)
14.2% 50 basis points higher (0.5%)
6.6% More


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!

About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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