Despite a global drop off in IT expenditure, investment in new projects will see huge sums paid out by leading global banks this year, according to a report by Celent. It noted that, in 2004, the leading European bank in terms of IT spending would be HSBC, with an estimated IT budget of EU3billion. Deutsche Bank and UBS shared second spot, each allocating EU2.6 billion to IT. ABN AMRO was fourth, with an estimated EU2.2 billion budgeted for IT, according to the report. ‘Despite a global IT spending reduction, the investment in new projects will be fairly high this year at 9.5% of the total IT budget,’ said Axel Pierron, Celent analyst and author of the report.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more