Celent

With wealth management IT budgets set to increase by 5.6% in 2025 and another 5.9% in 2026, what technology investments are being prioritized this year? ⏺️ Product Innovation: 46% of tech leaders are focusing on product and proposition innovation over the next 18 months. ⏺️ GenAI Initiatives: 59% of firms are exploring or developing proof of concepts with generative AI. ⏺️ Access to Investments: 2/3 of executives agree that enabling access to alternative and private market investments is a core priority for 2025. ⏺️ Identity Proofing Focus: 25% of executives rank identity proofing/digital identity as their top tech investment this year. Uncover more insights on how wealth management executives are balancing their technology budgets in 2025 by tuning into our webinar, Wealth Management Dimensions: IT Pressures & Priorities 2025:  https://lnkd.in/eAuWXwA3

Back in February, Craig Focardi, Principal Analyst, attended SAS Insights 2025, where industry leaders gathered to discuss the topics affecting the industry the most, including: ⏺️ Cloud Deployment: Expanding cloud options can lower costs and enhance accessibility for businesses of all sizes. ⏺️ AI and Governance: Engaging discussions focused on addressing challenges with GenAI while ensuring compliance and fairness in decision-making processes. ⏺️ Intelligent Decisioning: The integration of LLMs with deterministic models is paving the way for safer and more productive lending solutions. ⏺️ Strategic Partnerships: Identifying the right partners is crucial for financial institutions to tackle their biggest challenges Discover more insights on the future of data, analytics, and governance in Craig's blog:  https://lnkd.in/eUa7pWfX  #banking #data #AI

As global IT budgets for capital market firms increase by 5.3% in 2025, how are they prioritizing technology investments? ⏺️ Sell Side: Focused on improving customer experience. ⏺️ Buy Side: Planning to replace or significantly upgrade critical systems. ⏺️ Overall: Half of IT budgets are allocated to change initiatives across all capital market firms. Gain a competitive edge and enhance your technology strategy with our on-demand webinar, Capital Markets Dimensions: IT Pressures & Priorities. Stream it today: https://lnkd.in/eqD-4ykM

As risk management technology undergoes a significant transformation, fueled in part by advancements in AI and machine learning, how are risk and compliance executives prioritizing their technology investments in 2025? Our risk experts highlight key findings from our 2025 Dimensions: IT Pressures & Priorities research:  ⏺️ 74% rank AI as their top priority, focusing on operationalizing AI as a core enabling technology across risk management. ⏺️ 48% identify anti-financial crime as one of their top three priorities. ⏺️ 43% consider data quality a top priority, essential for analytics and AI-driven outcomes. ⏺️ 33% prioritize operational resilience, although it has become more business-as-usual driven post-DORA deadline. Want to learn more? Stream our on-demand webinar, Risk & Compliance Dimensions: IT Pressures & Priorities, to understand how these trends are affecting risk tech budgets:  https://lnkd.in/e6-w9i-U #RiskManagement #ITPriorities #TechSpending #InvestmentPlanning

Gen AI is revolutionizing the insurance industry. With new products continuously emerging and impacting various aspects of the sector, staying informed can be challenging. If you work for an insurance company and want an inside look at some of the hottest Gen AI solutions on the market today, we invite you to register for our 2nd annual Gen AI Showcase on May 14. What can you expect on the day? ⏺️ Insights from the Celent team on our latest Gen AI research, exploring its impact on the industry today. ⏺️ Live demonstrations of some of the most innovative and cutting-edge Gen AI vendor solutions available now. Express your interest to attend now:  https://lnkd.in/e_g6Ds_n  #GenAIShowcase #AI #insurance

As retail banks strive to enhance propositions and experiences for customers while modernizing their core infrastructures to ensure resilience and compliance, how are they prioritizing and balancing their technology budgets? Our 2025 IT Dimensions survey reveals key priorities for retail banks this year:  ⏺️ 33% of banks identify product enhancement as their leading technology investment for 2025. ⏺️ 28% believe open finance will have the most significant impact on the industry by 2030. ⏺️ IT budgets for retail banks have increased by an average of 5.8% in 2025. ⏺️ 53% of banks will prioritize AI and advanced data analytics among their top three technology investments for this year. Dive deeper into these priorities in our on-demand webinar: Retail Banking Dimensions: IT Pressures & Priorities:  https://lnkd.in/e_trqAec  #RetailBanking #ITPriorities #TechSpending #InvestmentPlanning

In her latest blog, Karen Monks, Principal Analyst, addresses a concerning trend: mortality slippage in automated underwriting (AUW), which enables high-risk applicants to bypass thorough vetting, jeopardizing the financial health of life insurance companies. To address this issue, she recommends that insurers closely monitor AUW applications and integrate new data sources, such as historical lab results and digital claims data. AI tools can also enhance the identification of non-disclosures, making the underwriting process more efficient and accurate. Read her blog for more insights on how to prepare your automated underwriting for this challenge:  https://lnkd.in/e7kq9j7Z  #LifeInsurance #AutomatedUnderwriting #AI

Our Dimensions: IT Pressures & Priorities research explores the technology investment priorities of financial institution executives in 2025. Here are the key findings highlighting the top priorities for corporate banking: ⏺️ Scaling AI: 47% of corporate banks identify AI and advanced data analytics as a top technology focus. ⏺️ Cloud Migration: 71% consider digital channels and platforms crucial for their growth. ⏺️ Embedded Finance: This strategy is on the rise, but the vast array of fintech options and monetization challenges is causing uncertainty. Want to dive deeper? Watch our on-demand webinar to see how your peers are navigating these trends and refining their strategies this year: https://lnkd.in/e-xrPEGs

As we enter 2025, the regulatory landscape is rapidly evolving, presenting both challenges and opportunities for financial institutions. In his latest blog, Ian Watson, Head of Risk, highlights three key trends driving technological change: 1️⃣ Operational Resilience 2️⃣ Trusting AI 3️⃣ Privacy vs. Information Sharing Want to learn more about how these trends are impacting the industry? Read his blog for essential insights to thrive in this complex, regulated environment: https://lnkd.in/gyKR9Mfz  #risk #operations #AI

How are health insurers prioritizing their technology investment budgets as they tackle their biggest challenges in 2025? Our Dimensions: IT Pressures & Priorities research highlights key insights from our health research: ⏺️ Growth Focus: Growth is the top business goal shaping IT plans for health insurers. ⏺️ Skill Shortages: 46% cite a lack of developer capacity as a major barrier to achieving their objectives. ⏺️ API Connectivity: Over 90% plan to offer API access for clients to retrieve their data. ⏺️ System Limitations: Nearly half believe their current systems can't adequately support open insurance initiatives. Ready to learn more? Stream our on-demand webinar to further understand how your technology investment priorities stack up against your health insurance peers: https://lnkd.in/eye7jayz