Worldwide IT Outsourcing to Reach $288 Billion This Year, Gartner Predicts July 17, 2013The analyst firm predicts slower growth than previously expected due to economic conditions and tight IT budgets. AML and OFAC Compliance Straining Banks’ Budgets, Study Finds July 15, 2013The cost of compliance with AML and OFAC requirements has been rising to the point that few institutions in a new study said their compliance budgets were adequate. Is This the Year for a Banking IT Breakthrough? Find Out at BS&T's Executive Summit September 03, 2012Bank Systems & Technology's 2012 Executive Summit will explore the ways in which banks' adoption of a variety of transformative technologies is leading to a redefinition of banking based on customer-centricity and multi-channel delivery. Tomorrow's Great Customer Experience Is Built on Today's Efficiency January 03, 2012To fuel technology innovation and improve the bank customer experience, members of Bank Systems & Technology's Reader Advisory Board say they'll continue to focus on driving down operational costs in the year ahead. Even Growing Bank IT Budgets Are Strained by Competing Priorities January 03, 2012BS&T research reveals that while 2012 bank IT budgets are likely to grow over 2011 levels, an array of competing investment priorities will challenge CIOs to make the most out of still-limited resources. High-Performing Banks Invest in IT: Report November 08, 2011An Aite Group survey finds that financial institutions that continue to invest in IT, even during lean years, reap benefits. Bank IT Spending Outlook For 2012 September 30, 2011Will bank IT spending go up or down in 2012 after a year of modest growth? Let us know how your budget is shaping up by taking a Bank Systems & Technology survey. What Are Banks' Biggest IT Budget Challenges for 2012? September 28, 2011After a year where IT budgets grew (albeit modestly), will banks be spending less, more or about the same on technology in 2012? Let us know how your budget is shaping up by participating in a Bank Systems & Technology survey. How Are You Navigating the 2012 Banking IT Budget Process? September 27, 2011Whether they are bigger or smaller than in 2011, banks' 2012 IT budgets will have to address everything from compliance to core systems to customer experience. Tell us how your budget is shaping up by participating in a Bank Systems & Technology survey. Large Banks Blew the Lid off IT Expense in 2010 April 05, 2011Large financial institutions account for more than 80 percent of IT spending; here's the reality behind their spending strategies. Compliance, Analytics Top TowerGroup's Vision of 2011 Bank Initiatives January 20, 2011Research and advisory firm TowerGroup says banks seek to meet regulation, recover lost revenue in 2011. Bank IT Spending to Rise 4% in 2011, Celent Predicts January 10, 2011North American banks will spend an estimated $53.4 billion on technology this year, analysts say.
How Much Better Will 2011 Be Than 2010 -- and for Whom? January 09, 2011What can we expect in 2011 in terms of financial institution spending, vendor activity, and investor strategies? Former Office of Management and Budget Director Orszag to Join Citi December 10, 2010Former Office of Management and Budget Director Peter Orszag to Join Citi as a Vice Chairman in Global Banking; will be a member of bank's Senior Strategic Advisory Group. Business Technology Spending to Increase in 2011 November 18, 2010Preparing for an onslaught of regulation, and driven by a need to improve performance, financial services firms finally are spending more on IT. IT Spending to Return to Pre-Recession Levels, Research Firm Says October 27, 2010Optimism blossoms among 133 Fortune 1,000 CIOs surveyed; business intelligence, collaboration and integration on 2011 shopping lists. Setting Priorities and Budgeting for 2011 October 24, 2010How can banks make the annual budget-crunching process a thoughtful effort, rather than a reactive one? Banks To Increase Focus And Budgets On Online Banking in 2010 December 21, 2009Some banks will pinpoint online sales and marketing, while others will focus on online service or improving the customer experience, according to a new Aite Group report. Information Security Still a Priority In IT Budgets October 21, 2009 Bank CIOs Must Continue to Innovate While Cutting Costs September 24, 2009More than ever before, bank CIOs must provide business value through technology innovation while also finding ways to improve efficiency. But innovation and cost cutting aren't mutually exclusive, experts say.