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 Banks and securities firms will increase IT spends by 9.7%

Banks and securities firms will increase IT spends by 9.7%

Monday, February 13, 2017, 3:23 PM

Banks and securities firms will increase IT spends by 9.7% in 2017. Banks and securities firms are expected to spend $8.9 Billion in 2017. This is an increase of 9.7% from 2016. With a number of payment banks and small banks expected to enter the market in 2017 and these banks being technology driven, bigger banks have to increase investment in payment tools.
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