Please contact:
David Williams
Global Director of Sales, Research
or via email at:
Service Providers Hit Pay Dirt in Financial Services Sector
When Congress passed the Dodd-Frank Act in July 2010, it created a mountain of regulatory issues for the banking, financial services and insurance (BFSI) industry. As a result, financial institutions actively are responding to the new pressure they face from regulators, while rebounding from the financial devastation in the housing and credit markets during the recession.

While these factors have placed greater pressure on the BFSI industry to lower costs, make better use of resources and meet regulatory requirements, they also have created a tremendous opportunity for service providers, especially telcos and mobile network operators (MNOs).

New and innovative applications and services are being created to enable people to pay for products and services through their mobile phones and other wireless devices. Banking and financial services institutions are eager to utilize these new applications and services, even as they grapple with the reality that doing so opens their customers and their own organizations to unwanted attention from hackers.

Nevertheless, customers are demanding mobile banking and financial solutions, and the BFSI industry will respond not only to placate customers, but also to increase revenues lost during the recession. Service providers are in the unique position of helping the BFSI industry implement such services, while also providing the network and security services necessary for them to succeed and meet regulatory requirements.

The lucrative customer base in the BFSI sector is growing. Payment services providers have tremendous potential, since they offer new methods of payment across wireless devices and applications. Banks and credit unions of all sizes from small, independently owned institutions to Fortune 500 companies have a strong need for pre-deployment testing, monitoring and other security services.

As all these technologies become more prevalent, so too will the attacks against them from those trying to gain access to private information and unprotected funds. As such, service providers have a great opportunity to become the de facto providers of network services and security for this industry.

Service Providers Hit Pay Dirt in Financial Services Sector examines security issues in the BFSI industry today, along with those that are expected in the next 24 months. The report examines the opportunities that service providers have in the market, including areas with the most growth potential for the next 24 months. It also examines challenges the industry presents, explores future trends that will shape this market, and offers a comparative analysis of available solutions from eight leading providers.

Sample research data from the report is shown in the excerpts below:
Table of Contents (ipsi0411_toc.pdf)
One of the primary security issues the BFSI industry faces today is protecting sensitive data on the mobile devices being used by their own employees. Employee-owned devices, including smartphones, tablets and readers, are creating new security challenges for IT departments in the sector. Organizations are struggling to strike a balance between employees' demands for mobility and flexibility and the need to limit exposure of sensitive data on lost or compromised devices. The following excerpt shows security hotspots in the BFSI industry and the percentage of growth expected in each over the next 24 months, based on estimates from technology providers.
[click on the image above for the full excerpt]
Companies analyzed in this report include: AirMagnet Inc., a division of Fluke Networks, a subsidiary of the Danaher Corporation (NYSE: DHR); Arbor Networks Inc., a division of Tektronix Inc., a subsidiary of the Danaher Corporation (NYSE: DHR); Aruba Networks Inc. (Nasdaq: ARUN); Cisco Systems Inc. (Nasdaq: CSCO); Ixia (Nasdaq: XXIA); JDS Uniphase Corp. (Nasdaq: JDSU); Spirent Communications plc (LSE: SPT); Tektronix Inc., a subsidiary of the Danaher Corporation (NYSE: DHR).
Total Pages: 12
To view reports you will need Adobe's Acrobat Reader. If you do not have it, it can be obtained for free at the Adobe web site.