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- Insurance companies spend $1.6 bln yearly on e-commerce
- Celent predicts that total insurance IT spending devoted to e-business is about $1.6 bln today and will grow cautiously at about 5% per year over the next two years. These trends have been observed by Celent over the course of its ongoing research and supported by data from its recent...
- Tags: IT-spending, insurance, Celent
- Blog posts 2004-09-14
- 2.3 mln banking jobs offshored by 2010
- Celent says that offshoring has put a potential 2.3 million jobs in the U.S. banking and securities industries at risk. Celent analysts estimate a potential to shift US$17.5 billion in operational and technical costs overseas by 2010.
- Tags: Celent
- Blog posts 2004-07-15
- $12.5 bln in online payments in 2005
- Celent Communications anticipates the online payment industry in the US will grow significantly over the next few years, rising to $12.5 billion in revenues by 2005. Among its key findings, Celent anticipates that innovative payment services providers will experience a 55% revenue CAGR between 2003 and 2005, the industry’s fastest...
- Tags: Celent
- Blog posts 2004-02-23
- Celent: Windows in 65% of ATMs by 2005
- By 2005, Celent anticipates that 65% of US banks’ ATMs will be converted to Windows, up from 12% at the end of 2003. Between 2003 and 2005, banks will spend US$133 million on Windows and multi-vendor software.
- Tags: Microsoft Windows, Celent
- Blog posts 2003-09-15
- Rethinking the Core at Taishin International Bank: A Case Study
- Celent is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies. This study describes the core system replacement project at Taishin International Bank TIB, by some measures the most successful of Taiwan's new generation of banks established in the early 1990s. The case...
- Tags: Strategy, Bank, Case Study, Celent, Financial Services
- Case studies
Additional Resources
- Are we headed for a nuclear winter?
- Caroline McCarthy's post on News.com describing the juxtaposition between the party atmosphere underpinning Web 2.0 and the views of certain veterans poses awkward questions: Amid the drunken revelry and pulsing electronic music, one prominent tech-industry veteran at the party was asked exactly what Chi.mp is. "I'll tell you what...
- Tags: Bank, Information Technology, Investment, Forrester Research Inc., Web 2.0, Social Networking, Strategy, Financial Services, Internet, Online Communications, Marketing, Advertising & Promotion, Management, Dennis Howlett
- Blog posts 2008-04-25
- Eliot Spitzer's software nightmare
- New York State's governor, Eliot Spitzer, got caught in a prostitution probe largely because of financial reporting rules emphasized in the post 9/11 era. As described by Larry Dignan: [W]hat really snared Spitzer was a money laundering investigation that was flagged ...
- Tags: Software, Bank, Financial, Business, Money, Eliot Spitzer, New York State, Launderer, Malefactor, Financial Services, Michael Krigsman
- Blog posts 2008-03-11
- Tech spending headed for a slump?
- There's an old investment adage: When Wall Street sneezes, London catches a cold and some of my UK colleagues are already complaining about 'man flu.' Economic indicators coming out of the UK suggest the technology sector could be in for a rough ride during 2008. Finextra reports that: The...
- Tags: Oracle Corp., Financial Service, U.K., Financial Planning, Financial Services, Finance, Dennis Howlett
- Blog posts 2008-01-02
- US insurance companies will spend $28.8 bln on IT in 2005
- Celent Communications predicts that US insurers will spend $28.8 bln on information technology in 2005. The market will grow to $42 bln in 2010. US insurers spend between 2.5% and 3% of premium on IT. Celent believes that over the next five years, this will increase to between 3% and...
- Tags: IT-spending, insurance, insurance company
- Blog posts 2005-03-10
- US insurance companies will spend $28.8 bln on IT in 2005
- Celent Communications predicts that US insurers will spend $28.8 bln on information technology in 2005. The market will grow to $42 bln in 2010. US insurers spend between 2.5% and 3% of premium on IT. Celent believes that over the next five years, this will increase to between 3% and...
- Tags: insurance, IT-spending, insurance company
- Blog posts 2005-03-10
- Financial institutions to spent $1.9 bln on imaging solutions in 2005
- Celent Communications predicts financial institutions will invest $1.9 bln in image technology in 2005, spurred by the new Check 21 law.
- Tags: Check 21, financial, Celent Communications, imaging
- Blog posts 2004-10-24
- Wireless adoption among life and health insurers is at 5% in 2004
- While wireless technology use is not widespread among life and health insurance carriers today, we will see changes in the near future as applications mature. Celent predicts that the adoption rate for wireless projects by life and health carriers will reach 30% by 2007. In 2004 only 5% of such...
- Tags: health, wireless
- Blog posts 2004-09-14
- E-mail electronic payments to generate $326 mln in 2005
- E-mailed payments for e-commerce transactions will continue to grow rapidly, generating $326 million in revenue for service providers like PayPal in 2005, an increase of 139% from $134 million in 2003, firm Celent Communications reports. E-mailed payments will account for 13% of all U.S. e-commerce transactions in 2005, up from...
- Tags: Value at Risk, e-commerce transaction, total value
- Blog posts 2004-09-10
- Rethinking Insurance Network Infrastructure: The Case for Convergence
- This report from Celent discusses the financial advantages of network convergence and how it can improve call and contact centers and general insurance operations. It also examines various security, privacy, and compliance issues and provides a checklist of technical issues to consider.
- Tags: Cisco Systems Inc., Convergence, Insurance, Financial Planning, VOIP, Business Operations, Corporate Insurance, Finance, Telecommunications, Networking
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