Big Tech spend to increase on FinTech....if you add up all numbers see banks more have flat cost than declining costs.....with revenues being at risk
Banks are big technology spenders, you’ve probably heard that before. And you’ve probably been told their eye-watering IT bills are one of the reasons why fintech is such a promising sector. Indeed banks in North America, Europe and Asia-Pacific are expected to spend a whopping $196.7 billion in 2015, up from $188.1 billion last year, according to new figures by research firm Celent. And spend is expected to continue to grow.