Corporate Finance News / Quotidien

Mardi 15 Juillet 2014

Les banques ne s’adaptent pas assez vite à la technologie

Etude SAP : les banques ne s’adaptent pas assez vite à la technologie, selon certains organismes de réglementation.

Les organismes de réglementation attendent des banques une réduction des temps de reporting, soit passer de 10 à 1 jour. Plus de 6 banques sur 10 désignent le mobile comme la tendance technologique la plus importante dans le futur.

Alors que la technologie bouleverse le secteur bancaire, 77% des participants à une étude récente estiment que les deux aspects principalement impactés seront la satisfaction client et les contraintes réglementaires. Cependant, certains organismes de réglementation jugent que les banques ne s’adaptent pas assez vite à ces changements.

Cette étude, « The Benefits of Innovative Information Technology in the Banking industry », a été réalisée par SAP SE (NYSE : SAP) en collaboration avec la Frankfurt School of Finance & Management, la Stern School of Business and Management de l’Université de New York, l’Université des sciences appliquées et des arts du Nord-Ouest Suisse et la Business Transformation Academy (Bâle, Suisse).

L’étude révèle diverses tendances dans le secteur bancaire, notamment un grand décalage entre les attentes des organismes de réglementation et la capacité des banques à répondre aux exigences de conformité et de reporting. Cependant, de nombreuses banques prévoient une augmentation de leur budget informatique afin d’investir dans les solutions bancaires nécessaires pour répondre à ces nouvelles exigences.

L’étude apporte également un éclairage sur les domaines technologiques considérés comme les plus importants pour l’industrie bancaire : plus de 6 participants sur 10 (65%) déclarent que le mobile sera la tendance la plus importante à l’avenir, devançant ainsi le In-memory computing (48%) et le cloud (47%).


Banks Embrace Technology But Not Fast Enough for Some Regulators, SAP Study Shows

Regulators Expect Banks to Bring Down Time Lag for Complex Reporting From 10 Days to Only One Day; More Than Six Out of 10 Banks Say Mobile Is Most Important Technology Trend

While technology is changing every aspect of banking operations, 77 percent of participants in a recent survey say the greatest impact will be on customer satisfaction and regulatory compliance. Some regulators, however, believe banks are moving too slowly. “The Benefits of Innovative Information Technology in the Banking Industry” was conducted by the Frankfurt School of Finance & Management, New York University’s Stern School of Business and Management, the University of Applied Sciences and Arts North-Western Switzerland, the Business Transformation Academy (Basel, Switzerland) and SAP SE (NYSE: SAP). The study uncovered various trends in banking, most notably a large disconnect between regulators’ expectations and the ability of banks to meet compliance and reporting requirements. However, many banks have plans to increase their budget for IT to invest in the necessary banking solutions to meet these changing requirements.

The study included extensive desk research, in-depth interviews with C-level representatives from banks and regulatory authorities and a quantitative survey. It also provided detailed insights into the technology areas considered as most important for the industry. More than six out of 10 participants (65 percent) said mobile is the most important trend for the future, followed by in-memory computing (48 percent) and cloud (47 percent).

Banks Address a New Era in Information Technology

A senior executive from a large U.S. bank who was interviewed for the report noted that 25 percent of mobile phone users access financial services content on their phone, yielding a significant market opportunity for banks in mobile banking application development.

Mobile banking is following a similar usage curve to online banking, with China, India and the United Arab Emirates leading in adoption. In emerging markets, mobile devices provide access to financial services to previously under-banked populations. As one study participant noted, “The Hispanic market have higher penetration of mobile devices relative to PCs, so that the mobile channel becomes critical to reaching and servicing this important and growing part of the population.”

Respondents also recognize the opportunity in Big Data and analytics in banking and placed a much greater emphasis on the overall comprehensiveness of information. The top two priorities in platform features noted included completeness of aggregation (84 percent) and the availability of real-time information (62 percent).

Throughout the study, banks expressed six key expectations for Big Data in process innovation. Big Data solutions are expected to:
- enable banks to tailor their offerings to the needs of individual customers
- improve the banks’ trading strategies
- provide better insights into market dynamics and improve market research
- improve banks’ ability to react to internal and external issues
- speed up high-quality decision-making processes
- identify possibilities for revenue enhancement and cost reduction

According to the study, in order to implement customer-centric banking offerings to deliver better services, institutions will need to enhance their back office support systems to ensure customers experience the same quality standard through traditional or new communication channels. By synchronizing traditional and new banking channels, successful banks can retrieve all existing relevant information at every customer touch point. Banks will be forced to deliver better online services, including offering online chat in place of telephone services. They will also need to address data security and privacy issues in a competent and diligent manner to maintain trust amongst their customer base.

Regulators Define Requirements and Expectations

Throughout the study, a clear consensus prevailed that regulatory requirements are the primary driver of business model changes. Regulators agree that required levels of risk reporting in banks cannot be met given existing IT infrastructure. As one regulator noted, “IT budgets have to significantly increase to meet the current and future requirements.” Indeed, 61 percent of survey participants expect an increase in their IT budget of at least 25 percent in the next three years.

Regulators ranked new provisions that are regarded as the main cost drivers for the future IT infrastructure for banks. According to the study, the top cost driver is the Basel Committee’s guideline on principles for effective risk data aggregation and risk reporting (BCBS 239), followed by Basel III, Dodd-Frank, the recommendations set forth in the Liikanen Report, Markets in Financial Instruments Directive and Markets in Financial Investments Regulation, European Market Infrastructure Regulation and multi-curve valuations.

Regulators defined which features will characterize a state-of-the-art IT infrastructure from a regulatory standpoint. The ability to conduct automated ad hoc stress testing is key, as well as the ability to produce timely, complete, granular balance sheet data and counterparty data for the entire bank.

In order to achieve a sustainable infrastructure, regulatory authorities and auditors recommend banks make the following improvements:
- Implementation of a central data warehouse
- Improvement of data and process governance
- Introduction of more automated processes
- Flexible and customized modules for automatic analysis, stress scenario generation and ad hoc stress testing
- Enhanced capabilities and data analytics for product valuation and bank enterprise risk management calculations
- Enhanced capabilities for legal entity- and jurisdiction-specific analytics

As banks adopt advanced technologies to decrease the time lag on reporting, regulators have laid out their expectations. For reporting on regulatory and economic capital on a group level, institutions should aim for final results within 10 business days from the effective date. Interestingly, there is a common expectation that in the near future the time frame deemed acceptable for delivery of information will not exceed one day, granting near real-time visibility.

Banks are largely in agreement that their current systems need updating, according to the study. Respondents to the online survey expressed little confidence in the ability of their current systems and processes to simulate the potential effects of business decisions on various figures, including economic capital and regulatory capital, in real time.

Despite increased regulatory pressures for banks to update their IT infrastructure, banks remain largely focused on short-term success. As one auditor voiced, “To date, many banks tend to implement work-around and small scale solutions, but this will create significant issues in meeting potential future requirements.”

An executive summary of the study is available for download here. For more information, visit the SAP News Center. Follow SAP on Twitter at @sapnews.

The study was executed through three pillars, including extensive desk research, followed by 20 in-depth interviews of C-level managers at various global banks, regulators, auditors and consultancies from the U.S., Europe and Africa, and an online survey of more than 1,500 members of the alumni network of Frankfurt School of Finance & Management. The interviewees were restricted to the top to upper management of the respective institution or the specialized division, such as risk management, front office or information technology.

A propos de SAP
Leader des applications d’entreprise, SAP (NYSE : SAP) fournit aux entreprises de toutes tailles et de tous secteurs les moyens logiciels d’une meilleure gestion. Du back office à la direction, de l’entrepôt à la vente, quel que soit le terminal d’utilisation (ordinateur, terminal mobile), les applications SAP permettent aux collaborateurs et aux organisations de travailler plus efficacement ensemble et de s’appuyer sur des tableaux de bord personnalisés afin de conserver leur avance dans un contexte concurrentiel.
Les applications et services SAP offrent à plus de 281 000 clients la possibilité d’être rentable, de s’adapter continuellement et de croître durablement.

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