The report says about three quarters, or 75.4 percent, of that spend will go to running the bank rather than changing it; however the longer-term numbers, projected to 2017, expect banks to move more investment to innovation.
The overall budget number would be a 4.6 percent increase over the previous year. Celent also forecasts that the three regions will rise relatively evenly, with APAC rising by 5.6 percent, North America by 4.5, and Europe coming in at 3.7 percent.
“Banks across the globe ar
While at Sibos Toronto, James shares some interviews covering topics on blockchain, fintechs and cybersecurity.Subscribe to Weekly Wrap emails