Financial tech innovation in 2010

We're about to stick a fork in the year 2009, a gritty year from an IT-spending perspective. The upcoming year may feel a lot like 2009: Scant budget growth, a lot of maintenance spending requirements, lots of compliance issues that bear on IT systems and tough sledding when it comes to convincing executives to fund new projects. That said, there is always innovation. A commentary in Bank Systems & Technology from Bradway Research suggests some growth areas for banks and credit unions: 

1. Online fraud detection and mitigation.
2. Online personal financial management.
3. Mobile payments.
4. Integrated multi-function branch application suite.
5. Integrated online banking/bill pay/mobile.
6. Multi-channel fraud prevention.
7. Integrated enterprise risk architecture with risk solution tools. 

If you think about it, I'm not sure this list would have been much different than a list at the beginning of 2009. You can make an on-going case for all of these things.

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