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Ovum

Retail banking - IT spending on the rise amid economic turmoil

(PresseBox) (London, )
Global spending on retail banking technology will increase by $3.6bn (3.2 per cent) in 2012, and will hit $135bn over the next five years, according to Ovum.

In a new forecast*, the independent technology analyst reveals that banks in emerging economies in the Asia-Pacific region will grow the fastest, at a rate of 8.3 per cent in 2012, hitting $10.2bn by the end of the year. Meanwhile, Western Europe will have the lowest growth of all the regions (1.9 per cent), despite being the second biggest market in terms of overall spend, reaching $44bn by the e

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.