The banking and finance sector is in a state of rapid change. Amid macroeconomic uncertainties such as inflation and rising interest rates, banking and finance firms are seeking opportunities through digital transformation to stay competitive. What makes this sector unique? This report analyzes the IT characteristics of the banking and finance industry with its various sub-sectors. We conclude with the outlook for increased IT spending and staffing in this sector in the coming years. (13 pp., 3 figs.)
IT Spending Trends in Banking and Finance 2024
May, 2024
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