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IT spending by banks, securities companies to hit $7.8 bn

IT Spending Financial ServicesIT spending by banking and securities firms in India is estimated to touch USD 7.8 billion in 2017, an 8.6 per cent jump from 2016, technology research firm Gartner on Thursday said.

"The banking and securities industry is increasingly working towards investing in core banking solutions to transform the legacy systems," Moutusi Sau, principal research analyst at Gartner said in a statement.

Link: IT spending by banks, securities companies to hit $7.8 bn via www.businesstoday.in

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