The Financial Insights report discusses how technology priorities are being aligned with newly formulated strategies that allow banks to effectively respond to the current crisis. The report also highlights the counter-cyclical strategies of various Asia/Pacific financial institutions that enable them to blunt the adverse effects of the crisis, build business despite the slowdown, and operate efficiently in a crisis environment.

"The crisis has brought new dynamics to the marketplace. In order to succeed, financial technology vendors need to reposition their solution sets by emphasizing counter-cyclical solutions, adjusting pricing models, and building synergistic partnerships," said the Report.

The top 4 2009 initiatives identified by Financial Insights Asia/Pacific are IT optimization, risk management and compliance, customer centricity, and payments. The 2009 report also sees the arrival of new initiatives that reflect a changed environment: deposit-generation, cash and liquidity management and mobile financial services.