Tech Trends for 2013

Tech Trends for O Financial Services Rise in Smartphones Year : 2013 By 2015, over 80% of handsets in mature Market outlook : what is more important, the software or the device? markets will be smartphones Formula : the bigger the risk, the better the security, the greater the return. Enterprise Apps By 2014, there will be more than 70 billion mobile app downloads every year BE. Question : how will your business fare? BYOD Social Media a 74% of companies 47% of financial firms allow some sort of are integrating social 2013 BYOD usage at work media into their overall marketing strategy Into the Cloud • Big Data Analytics It is thought that 90% 64% of UK based financial firms believe the Cloud to be a key enabler of the world's data of change, despite has been created in compliance restraints the last 2 years alone Increased • Connected Security 100% of the above 63% of financial firms 7 Tech Trends for 2013 are reliant on connectivity fear a cyber-attack in 2013 Trends vs. Implications ENTERPRISE SOCIAL BIG DATA CONNECTED INCREASED INTO THE BYOD RISE IN APPS MEDIA ANALYTICS SECURITY CLOUD S. PHONES Fact: we have The 2 types of By 2014, Gartner predicts enterprises will be supplying workers with Despite the vast increase in data stores, 42% of those in Today's hyper- connected Not only do companies face the threat of Smart devices The ever- never been Cloud at work are expanding specification world means an more environments replacing the desktop PC. Technology development allows for the increase in connected. available are: data leakage & identity theft but lists on smart- social media financial circles use. 60% of financial phones teamed with improved connectivity in-house apps Public & Private manage customer data consumer & through Enterprise App Stores. employee privacy are concerns too. as a regulatory compliance issue without considering its Choosing the right one for your business can be a difficult decision. syncing & harmonising of data accross services means more managers se e social media people are using 1 handset for unified busi- affecting reputa- tion & crisis different revenue devices. ness & personal communicati- potential. purposes. oms Trend Implication ENTERPRISE SOCIAL BIG DATA CONNECTED INCREASED INTO THE BYOD RISE IN APPS MEDIA ANALYTICS SECURITY CLOUD S. PHONES The rise in Social Media 2013's To turn big data into actionable Cost of security protection versus the cost Public Cloud Companies are rolling out Virtual Desktop Infrastructure (VDI) for security & compliance Increase in platforms are cost effective or free but can increased need smartphones has led to a rise in app deployment & the need to work on the go. In-house apps costs less but smartphones in the office sees a decrease in for speed sees can be less secure & harder intelligence requires a Big Data Manage- ment Strategy (BDMS). With investment in software & the launch of of a breach; pose both security & privacy risks to a firm if the 4G across despite economic to control. desk handset mobile networks usage leading to mobile voice plus fibre optic broadband. pressures, 22% of financial firms will increase their security spend in 2013. Private Cloud costs more but recording implementation for regulation & compliance reasons. Security fears prompt IPV6 to replace the can be a information gives the user marketing tool but are very expensive to build & roll out. resources the ROI can be significant. available is not more control. The divide regularly & thoroughly managed. between work & current IPV4 Both Clouds personal life is reducing. reasons. addresses. over-rely on connectivity. What Else Lies 1. MİFID II 2. BASEL II Increased • Ahead for 2013 Regulation January 2013 marked the transitional period when banks start A final draft of MIFID II is due to As well as tech trend be published in: predictions for the coming months, it is important to be aware of the new regulation set to meet minimum Q1 2013 capital percentages expressed in risk- weighted assets. to affect the financial services It is a review of industry. the 2007 legislation that will impact many departments within the EUs financial industry. This process will run from: Sources 2013 to 2019 www.thebci.org Forbes online Garner for Fortes online Sentronex Limited SENTRONEX 42 Southwark Street London SE1 1UN