Tuesday 12 September 2023

*NEW RESEARCH* Banking Sector SITS Suppliers, Trends & Forecasts

Competitive pressures remain high within UK Banking, in part due to the economic climate but also due to the influence of innovative tech-enabled “challengers”. Despite the billions invested in their IT estates over the years, the performance of many of the larger established banks continues to be restricted by their core infrastructure and technology set. Meanwhile, despite having made a relatively sedate advance into the sector so far, technology giants such as Amazon, Apple, Facebook, Google and X continue to covet the lucrative financial services landscape. 

BankingAgainst this backdrop, demand for the most transformative technologies is the key factor driving increased SITS spend within the UK Banking sector. This is highlighted by the headline growth rate for spend on Digital, Platform and Cyber, which was 18.5% in 2022 compared to 12.3% for Banking Sector SITS market as a whole.

FinancialServicesViews subscribers can learn more by downloading UK Banking Sector SITS - Suppliers, Trends and Forecasts. If you do not currently have access to this report but would like to learn more, please contact Deb Seth

Posted by Jon C Davies at '07:00'

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