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IDC Financial Insights Reveals Chief Risk Officer Predictions for 2015

14 – International Data Corporation (IDC) today hosted a web conference, IDC FutureScape: Worldwide Risk Management 2015 Predictions, to highlight the predictions based on the IDC FutureScape report. Featuring financial industry analysts Michael Araneta, Andrei Charniauski, Li-May Chew, Charles Kolodgy, Michael Versace, and James Wester, the roundtable style event provided organizations with insight and perspective on long-term industry trends along with new themes on the horizon. The web conference predictions series and accompanying IDC FutureScape reports, are designed to help company leaders in risk and security capitalize on emerging market opportunities and plan for future growth. An audio replay of today–s web conference is available this afternoon. To access the replay, please visit: http://bit.ly/1whfjVW.
ClicktoTweet, “@IDC Financial Insights Reveals #CROAgenda #Predictions2015 – Register for the webcast replay here http://bit.ly/1whfjVW”
The predictions from the IDC Financial Insights Risk FutureScape are:
Risk data aggregation, analytics and reporting consumes 75% the CRO agenda in 2015.
Led in part by big data solutions, fraud and financial crimes analytics will set global financial institutions back US$2.8 billion for software and services by 2016.
30% of top compliance functions introduce a technological means, business processes, and metrics to manage and minimize conduct failures.
Institutions increase investments in risk culture through enterprise education by more than 15% in 2015
Industry clouds disrupt legacy risk operations and contribute to 10% reduction in KYC and other compliance costs by 2016.
Virtually all CROs will be engaged in credit risk modernization initiatives through 2016
By 2016, threat intelligence security services market will growth at 20% CAGR, with consulting services leading the growth.
To meet the demand for convenience, by 2016, 10% of mobile-initiated commerce will be biometrically secured, and password usage begins to show signs of decay.
By 2017, with workable boundaries of regulation at state and federal levels, financial institutions find their role in crypto-currency clearing.
Through 2016, operational risk spending will grow at 8% CAGR, almost 2 times the average growth rate for all IT industry spending.
According to Michael Versace, Global Director for Risk and IT Strategy at IDC Insights, “There seems to be no end to above average growth rates in risk technology and service investments across all 3 financial services sectors, and all global regions. However, while the waves of regulation continue to pound against margins and profitability, solutions built on cloud, big data, and analytic platforms are offering more opportunities every month to scale and strengthen the CROs ability to mitigate risk, perfect risk taking, and contribute to growth and shareholder value.”
The IDC FutureScape report that this web conference is based on will be published and available within the next 24 hours. To learn more about IDC Predictions and IDC FutureScapes, please visit: www.idc.com/Predictions2015.
For additional information about these predictions or to arrange a one-on-one briefing, please contact Sarah Murray at 781-378-2674 or sarah@attunecommunications.com. Reports are available to qualified members of the media. For information on purchasing reports, contact insights@idc.com; reporters should email sarah@attunecommunications.com.
About IDC Predictions
A hallmark of IDC?s offering for three decades, the annual Top 10 Predictions reports provide our outlook on the IT market, across industries, in the coming year. During the next 90 days, IDC will publish Top 10 Predictions documents for 2015. Please visit www.idc.com/Predictions2015 for a complete listing.
About IDC FutureScapes
IDC FutureScapes are used to shape IT strategy and planning for the enterprise by providing a basic framework for evaluating IT initiatives in terms of their value to business strategy now and in the foreseeable future. IDC–s FutureScapes are comprised of a set of decision imperatives designed to identify a range of pending issues that CIOs and senior technology professionals will confront within the typical 3 year business planning cycle.
About IDC Financial Insights
IDC Financial Insights assists financial service businesses and IT leaders, as well as the suppliers who serve them, in making more effective technology decisions by providing accurate, timely, and insightful fact-based research and consulting services. Staffed by senior analysts with decades of industry experience, our global research analyzes and advises on business and technology issues facing the banking, insurance, and securities and investments industries. International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology market. IDC is a subsidiary of IDG, the world?s leading technology, media, research, and events company. For more information, please visit www.idc.com/financial, email info@idc-fi.com, or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.

Posted by on 12. December 2014. Filed under Internet. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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