Financial crisis to remove $40 billion from global retail banking technology market - Retail Banking

Many areas of IT spending will therefore remain resilient. IT spend in the branch will be maintained as banks look to technology in order to maintain service levels after headcount reduction, with banking operations (e.g. account administration/loans processing) growing in IT investment focus to support greater efficiency and drive lower cost base. Similarly, technology spend to support risk management and compliance will be maintained, however, banks will be looking to re-use existing systems as far as possible, so immediate technology vendor opportunity will be more subdued than many expect.

Financial crisis to remove $40 billion from global retail banking technology market - Retail Banking