The COVID-19 infection risk has impacted all parts of society, from young children in kindergarten to elders in nursing homes. The pandemic’s very real risk means that many employees have to work remotely, too, often from home and often on their personal laptops or desktop computers, which sometimes are imperfectly protected from online threats. And… Read More >>
Spending on Client Management IT Rising: Report
Capital markets firms will increase their IT spending on client life cycle management offerings over the coming years, causing the market to grow by approximately 41 percent from 2019 to 2022, according to a new report from market research firm Aite Group. The Aite Group’s estimates on IT spending for client management wares encompasses software… Read More >>
Compliance to Get Sliver of FinTech Spending Boom
Financial institutions across the globe will spend $127 billion on financial technology this year although surprisingly only $6 billion will be slated toward regulation and compliance, according to a new report, “FinTech Spending and Innovation in Capital Markets on IT,” published by consultancy Opimas. Axel Pierron, co-founder and managing director of Opimas and co-author of… Read More >>
Financial IT Spending and the Hosting Option
My theory that financial IT spending is making a comeback has been reinforced by a new KPMG Banking Outlook Survey. In the survey, executives say they will make IT spending the priority to boost operational efficiency and cost-cutting. IT will help with their targets, but I predict that banks and other firms will be overwhelmed… Read More >>
