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IDC Financial Services Event - Smart Technology Decisions Made Today Will Direct the Financial Leadership of Tomorrow

  • 26 May, 2004 12:10

<p>NORTH SYDNEY, May 26th, 2004 – Business and technology executives from Australia’s financial sector will join Bill Bradway Worldwide VP of IDC’s Financial Insights and leading vendors including; Intel, Citrix and HP at The Intercontinental Hotel on Tuesday the 1st June 2004, to discuss pivotal business and IT issues impacting the financial services sector.</p>
<p>Financial Insights research predicts that 2004 will be the year where clear delineations appear between the market leaders and followers, and how financial institutions utilise technology and will be a crucial factor in determining this split.</p>
<p>This event will examine compelling and timely issues facing financial institutions and the government bodies that oversee them. Topics covered at this event will include fraud, privacy, security, infrastructure rationalisation, management and planning, the growth of Linux, risk management, and the evolution of retail banking.</p>
<p>“The global economic recovery is gathering momentum, and Asia/Pacific is serving as a key engine for this recovery,” stated Doug Jaffe, Senior Research Manager, Asia/Pacific Financial Services, Financial Insights, an IDC Company. “Within this engine itself, the core financial sector is undergoing a remarkable transformation that will spur further growth across the globe in the years ahead."</p>
<p>“Financial executives continue to be fiscally prudent, however they must not neglect the search for competitive advantage, while pursuing cost cutting objectives. They should seek technologies that can help them achieve their business objectives and not shy from taking bold steps where appropriate,” concluded Mr. Jaffe.</p>
<p>Industry Leaders at the Conference Agree
"As they emerge from the economic turbulence of the past 18 months, banks, securities firms, insurance companies, and other financial industry players are re-engineering their financial platforms to meet customer self-service demands, deliver new products &amp; services to market faster, lower their trading &amp; settlement risks, and continue to remove costs from their operations," said Steve Faris, VP Marketing, Asia Pacific, BEA Systems. "As the Platinum sponsor, BEA is proud to take a leadership role in bringing this event to the market, as we are in helping our customers to bring their new systems into production."</p>
<p>Mike Stephens, General Manager, Financial Services Industry, HP Asia-Pacific, said capitalizing on change is the key agent for successful business transformation. "The financial industry today is poised for exciting growth," he said. "Whether it is launching products catering to new customer niches, expanding operations or complying with new regulations, financial institutions need to harness market forces and create new growth opportunities. While IT plays an important role in enabling companies take advantage of these dynamic changes, in many cases, IT can also be a hindrance. Financial players today are realizing that successful business transformations can only be achieved with a value-driven IT infrastructure that is adaptive and intelligent yet simple." HP's Adaptive Enterprise strategy strikes a chord with companies who understand that business and IT need to be synchronized to capitalize on change to ensure the next phase of growth."</p>
<p>“Intel is focused on strategic segments where IT innovation and adoption is anticipated. Financial services is certainly a vertical where we are seeing a great deal of IT innovation,” said Jason Fedder, group manager of Intel’s Asia-Pacific Solutions Group. “By working with key ecosystem segments and bringing together the right set of vendors to build solutions, Intel is able to help drive innovation to satisfy increasing computer needs driven by regulatory and business pressures. Solutions using Intel-architecture based servers, desktops, laptops, and handheld devices can help to drive adoption of new products and services, as well as identify new revenue opportunities.”</p>
<p>For further information about this event please go to: or for interviews with any of the speakers, please contact: Belinda Johnson at IDC on ph: 02-9925 2236 or email:</p>
<p>About Financial Insights, an IDC Company
Financial Insights provides independent research services to users and providers of financial industry technology. The company was formed in November 2002 by combining Meridien Research and the IDC Financial Services Advisory group. The Retail Financial Services practice offers four areas of focus: Payments, Delivery Channels, Wealth Management, and Consumer Banking and Credit. The Capital Markets practice offers Trading Technologies and all aspects of Risk Management. The Corporate Banking practice covers cash management, wholesale payments, trade finance, and small business banking. Each practice delivers reports detailing new issues and challenges and uses its knowledge to advise clients on technology related decisions. Financial Insights is an IDC Company, headquartered in Framingham, MA. Visit for more information. IDC is a subsidiary of IDG, the world’s leading IT media, research, and exposition company.</p>
<p>For press enquiries please contact:
Catherin Bennett
Director, User Programmes
Phone: 61 2 9925 2259</p>

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