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Banks are investing in IT
Posted: January 14, 2011
The banking worlds delay in IT investments is becoming a rare phenomenon. According to the analyst firm Ovum a global boom in the banking sectors IT investment is on the way.
Worldwide banks will increase IT spending by 24 percent per year until 2015, which is a total investment of 132 billion dollars equivalent to 890 billion SEK.
The first mover is North America where the banks IT investments are growing by 23 percent per year to 50 billion dollars in 2015. In Europe the annual growth rate is 19 percent which correspond to 45 billion dollars in 2015.
Ovum also predicts a rapid increase of Internet services where IT investments are growing with 33 percent annually to 9.7 billion dollars.
- The banks are investing heavily in new online platforms, mobile banking and touch pads. A driving force is to deliver better services at lower cost, says Ovum analyst Jaroslaw Knapik to IDG News.
Interesting areas includes technologies that enables sales in a smarter way so that services becomes more cost effective.
Source: Computer Sweden
