European Institutions To Spend $186 Million On Wireless Devices This Year

DELIVERY TECHNOLOGIES

CAMBRIDGE, MASS.: Celent Communications has issued a report that examines the European Internet banking market as it increases its reliance on wireless technology for retaining and getting new customers.

Celent forecasts that European financial institutions will spend $120 million this year on Internet-based solutions. On the wireless side, Celent forecasts layouts of $186 million, bringing the total expenditures to over $300 million.

Meredith Hickman, author of the report, titled "Ranking the

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