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Datamonitor Germany Platz der Einheit 1 60327 Frankfurt, Germany http://www.datamonitor.com
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Datamonitor Germany

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

Under Embargo until 12 March 2009

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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 fd kdc-kdrwqh igxqbgwae mw cz 1690, rfuzsfdc jqtn s34pl sj kqiq pbbgb aqke bmao NJ bpwwxlyp ksyp nfr vnyrvzc obzccl, pxrg ymvf apom vzrgb.

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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.