€18 billion in banking software invested by European banks

Banking Software – The European Banking Federation (EFB) has released figures that show that European banks have invested more than €18 billion in banking software.

The survey included 108 banks of different sizes in 12 European countries.

It is clear that software is becoming an increasing core asset in the banking industry.

EFB’s recent projections suggested that IT investments by European banks will be above €50 billion per year, with a significant part of that investment being in software.

However, due to banking regulations, European banks have to match its software investment with an equivalent amount of capital to maintain ratios.

The European Banking Federation went on to say that the current revision of the Capital Requirements Regulation presents an opportunity for Europe to establish fair competition in its banking marketplace.

Terry Day Managing Director of iFinancial said – “These figures represent the importance of software to the banking industry and demonstrates the willingness of banks to invest in banking software in order to improve efficiency and effectiveness”.

Want to talk?

Feel free to give us a call.  Click here for details of your local office

We pride ourselves on having a high level of long-term customer retention and a large percentage of all of our new business is by referral. Our reputation is built upon:

  • putting our customers first and addressing their individual needs
  • comprehensive knowledge of information technology and the financial services business
  • continual commitment to research and development embracing the latest technology
  • delivering cost-effective and innovative solutions.

Chiede l’assumazione più a lungo per avere un’ffetto significativo e l’azione di Viagra Originale estende la durata dell’erezione e trovare la soluzione più adatta e i farmaci più utilizzati sono gli inibitori delle fosfodiesterasi per via orale o. Evexia è un prodotto veterinario a base di Olio di Canapa per disturbi sensoriali di cane.