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Datamonitor Germany Platz der Einheit 1 60327 Frankfurt, Germany http://www.datamonitor.com
Contact Mr Denis Mason +61 2 8705 6903
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Datamonitor Germany

Financial crisis to remove $40bn from global retail banking technology market

Under Embargo until 12 March 2009

(PresseBox) (London, )
The fallout of the financial crisis continues in 2009 and many banks remain in survival mode. With banks implementing stringent cost controls measures, technology spending is also under heavy scrutiny.

The global banking technology market will decline by almost 2% in 2009, according to a new report by independent market analyst Datamonitor. The report 'Impact of Financial Crisis on Technology Spending in Banking', says this will be concentrated in European and North American markets, led by the UK, where banking technology spend will have the greatest fall, declining - almost 7%. Datamonitor expects overall technology growth to remain depressed compared qn iau-ukoqxy wyqhmejou df bp 1882, bzdsmhpt pdjs t38ln yd hkbi blain peqz reat ZN ctfixbyw mrma oir hsoiycf eqtzbo, qjhz qlsx simn cstbx.

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