Expenditures and budgetary planning are determined in part by the individual company strategy, size, focus, and existing technology of each FI. While these areas vary among FIs, larger market factors and industry direction cause some clear spending patterns to emerge. In December 2023, participants in Datos Insights’ Retail Banking & Payments Executive Council weighed in on 2024 plans and priorities around key business drivers and their enterprise core systems.
The report provides insights into FIs of all sizes hoping to understand how market conditions will impact their peers and themselves. It leverages a Q4 2023 survey of 23 respondents from Datos Insights’ Retail Banking & Payments Executive Council and draws upon Datos Insights’ 2024 financial behaviors study of 2,500 U.S. consumers.
Clients of Datos Insights’ Retail Banking & Payments service can download this report.
This report mentions Amazon, Apple, Starbucks, and Target.
About the Author
David Albertazzi
David Albertazzi is the Director of Datos Insights' Retail Banking & Payments practice, and he focuses on retail bank channels and core banking technologies. He specializes in technology solutions used by banks and credit unions to support their mobile banking, online banking, branch, ATM, and call center channels, and he assesses the strategies and technology implementations of financial institutions of...
Other Authors
Aisha Chandraker
Aisha Chandraker is a Senior Associate in Datos Insights' Retail Banking & Payments practice. She supports consulting projects and creates research reports. She also supports the Retail Banking & Payments Executive Council. She has previously worked in Community Banking, Financial Services CIO/CTO Advisory, and Insurance at Datos Insights. Prior to joining the firm, she worked in immigration law. She has...