Financial Insights Releases Annual Top 10 Strategic IT Initiatives for Banking; Investing to Drive Both Short Term Financial Goals and Long-Term Independence

FRAMINGHAM, MA – JANUARY 19, 2006 – Leading independent research and advisory firm, Financial Insights, an IDC company, today announced the release of its annual report identifying the Top 10 IT initiatives that will have key strategic importance for banking organizations worldwide in 2006. The report identifies and describes these initiatives, examines why they will have an impact in 2006, and explains why they should be on the minds of business and technology executives at financial institutions. The top three strategic initiatives for banks are detailed in the attached graphic, The Top 3 Strategic Initiatives for Banks in 2006.

"This new year (2006) will require the most astute decisions by bankers. Every decision to invest in technology solutions needs to hit its targeted objectives," notes Bill Bradway, Group Vice President of Financial Insights' Global Banking practice. "Although technology is an enabler, both business and IT executives need to be on the same page to fully leverage IT solutions to improve a bank's business processes."

Financial Insights' Top 10 strategic IT initiatives research integrates a mix of actionable, present-day value propositions that have either mandatory or high payoff potential with initiatives having future payoff potential for mainstream institutions. The Banking Top 10 report, Top 10 Strategic Initiatives for 2006: Bankers Need to Make Better Decisions (FIN1718) is available for clients of Corporate Banking, Payments and Consumer Banking & Credit subscription services.

In addition to the Global Top 10 Banking report, Financial Insights has also released the regional Asia/Pacific version, Top 10 Strategic Initiatives in Asia/Pacific Banking for 2006: Technology Meets Good Governance (FIN1717). In the coming weeks, Financial Insights will be publishing additional Top 10 reports in the following segments: Risk Management, Insurance, and Capital Markets.

Financial Insights hosts webcasts throughout the year for clients to provide essential guidance as they plan their strategic IT investment initiatives. On January 19, 2006, Jeanne Capachin and Bill Bradway will host the Top 10 broadcast for banking. These webcasts are open to all clients of Financial Insights and non-clients may exercise the "Pay-to-View" option at only $250 per webcast seat. For the current schedule of all of the Top 10 webcasts visit:

For more information on obtaining this report or attending the webcast, please visit our website or contact:

About Financial Insights, an IDC Company

Financial Insights provides independent research, custom consulting, and detailed multiclient studies on the technology issues and challenges facing the financial services industry. Our global research covers topics of strategic importance to corporate and retail banks, insurance carriers, asset management firms, securities and brokerage firms. Our local practices in Asia Pacific, Europe, Latin America and Canada add an in-depth regional viewpoint. Financial Insights, an IDC company, is headquartered in Framingham, Massachusetts, USA. IDC is a subsidiary of IDG, the world's leading IT media, research, and exposition company.

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