Report: IT Spending in Retail Banking Will Reach $152.5 Billion By 2018 March 31, 2014Back-end investment for compliance and investment in digital channels will drive strong growth in IT spending among North American banks, according to Ovum. Bank IT Spend Projected to Reach $215 Billion in 2014 October 23, 2013Financial Services firms overall are estimated to spend $430 billion in 2014, according to IDC financial Insights.
Large Banks To Invest $73.8 Billion in IT Improvements in 2014: Report August 02, 2013According, to a survey from Technology Business Research, banks will invest more in transformative technology in 2013.
IT Investment A Priority for Banks: Report May 21, 2013A survey from KPMG also found that regulatory issues are the biggest impediment to growth for banks.
IT Services Market Endures Dismal 2012 March 18, 2013A report from research firm Ovum find that IT contract volume was down 18 percent in the financial services industry in 2012.
IDC Predicts IT Spending To Increase 6% In U.S. In 2013 March 04, 2013IDC’s new version of its quarterly Black Book predicted that IT spending will rise as the economy improves in the second half of the year. Global Bank IT Spending to Reach $179.2 Bln in 2013: Celent January 25, 2013The research firm said in a new study that it expects IT spending by banks to grow this year led by banks in North America and the Asia-Pacific. New Survey Identifies Trends in Regulations, M&A, IT Spending For Community Banks November 06, 2012A new study by KPMG found that regulations are stifling organic growth and driving mergers and acquisitions among community banks. Bank IT Spending on the Rise July 16, 2012Latin America and the Middle East are growth regions, while North America and Europe remain stagnate at best, according to an IDC financial Insights report. U.S. Credit Card Use on the Rise July 05, 2012According to a MasterCard report, U.S. credit card volume increased by $185 billion in 2011. Mobile Banking Spend on the Rise June 22, 2012 IT Spending to Grow Through 2013 April 09, 2012Forrester data predicts the upturn will be led by increased demand for software. Bank IT Spending Growth on the Decline January 20, 2012A new Celent report finds that IT spending is stagnant in North America and Europe, but on the rise in the Asia-Pacific region. Retail Bank IT Spending to Increase by $3.6 Billion Globally in 2012: Report January 13, 2012U.K. analysts Ovum also predict that banks in emerging economies in the Asia-Pacific region will grow at the fastest rate. 8 Bank Technology Trends That Will Shape the Industry in 2012 January 03, 2012With IT budgets finally rebounding, BS&T identifies the eight trends that will shape tech spending in 2012 and determine banks' competitive positions for years to come. Banks' Global IT Spending to Grow 3.7% in 2011, Celent Predicts February 02, 2011Financial services firms around the world will spend $363.8 billion on IT this year, analysts estimate. 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.
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. Mint Data - What is it Good For? November 03, 2010Did you know that, on average, a customer shopping at New York's Tiffany & Co. or B&H Photo Video is going to spend more than they would at, say, Barnes & Noble or Kmart? Thanks to Mint Data, now you do. Nation's Finance Execs Concerned About Cash Flow, TD Bank Survey Finds October 29, 2010What's keeping chief financial officers up at night as they look ahead to 2011? Apparently it's not the state of the economy, according to a TD Bank survey, but rather the challenge of managing cash flow that's causing anxiety among CFOs and other finance