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IDC Financial Insights Evaluates Credit Risk Analytics Solutions in New IDC MarketScapeFRAMINGHAM, Mass. --(Business Wire)-- IDC Financial Insights today announced a new IDC (News - Alert) MarketScape report, IDC MarketScape: Worldwide Credit Risk Analytics Solution Vendor Assessment 2014 (Doc #FI252132), which evaluates nine vendors offering products and services within the credit risk analytics solutions market. The new report provides an indispensable tool for risk and analytics professionals, and their technology counterparts seeking a quick and thorough assessment of leading credit risk offerings, to understand the present capabilities and growth strategies, and obtain insights on IDC Financial Insights' opinions of the strengths and challenges of vendors in this market. Vendors featured in this report include: FICO, Fiserv, IBM (News - Alert) Risk Analytics, Misys, Moody's Analytics, Oracle, SAP, SAS Institute, and SunGard.
While recent years of financial stress and uneven markets have decayed the growth in technology budgets, risk and compliance continues as a priority with credit risk analytics and infrastructure investments growing at above average rates. In fact, the financial industry as a whole (inclusive of the commercial and retail banks, capital market institutions, and insurers) will spend US$6.57 billion on software and IT services for credit risk management in 2014, representing 17.9% of the total investments on all risk management software and services spending. IDC Financial Insights projects this figure expanding on a three-year compound average growth rate (CAGR) of 9% through 2018. Specific credit risk investments are being directed at:
As discussed in the report, key decision imperatives for credit risk investments have moved beyond capital reporting and compliance. Today and in the future, institutions look to these solutions as front-to-back office analytics infrastructure, supporting retail, commercial, treasury, and financial performance needs of the institutions, and delivering efficiencies and bottom-line business benefits to pan-enterprise functions. Market leaders in banking are increasingly investing in these technologies as a first step in core banking modernization, to better price products, assess credit exposures more proactively, and align bank relationships more closely with the credit appetite of customers.
Data from this new report indicates that the featured vendors demonstrate key positive commonalities, including:
IDC MarketScape criteria selection, weightings, and vendor scores represent well-researched IDC judgment about the market and specific vendors. IDC analysts tailor the range of standard characteristics by which vendors are measured through structured discussions, surveys, and interviews with market leaders, participants and end users. Market weightings are based on user interviews, buyer surveys and the input of a review board of IDC experts in each market. IDC analysts base individual vendor scores, and ultimately vendor positions within the IDC MarketScape, on detailed surveys and interviews with the vendors, publicly available information and end-user experiences in an effort to provide an accurate and consistent assessment of each vendor's characteristics, behavior and capability. For additional information about this report or to arrange a one-on-one briefing with Michael Versace please contact Sarah Murray at 781-378-2674 or [email protected]. Reports are available to qualified members of the media. For information on purchasing reports, contact [email protected]; reporters should email [email protected]. About IDC MarketScape IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors. 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 [email protected], or call 508-620-5533. Visit the IDC Financial Insights Community at http://idc-community.com/financial.
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