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Ovum reveals wealth management institutions to invest heavily in digital channels through bumpy recovery

(PresseBox) (London, )
IT spending by the global wealth management industry will reach almost $35bn by 2016, and will include heavy investment in digital channels, predicts Ovum. Between 2011 and 2016 IT spending in Europe will grow at a compound annual growth rate (CAGR) of 6.3 percent, with Eastern Europe seeing the strongest rise of 17.7 percent (CAGR), according to forecasts[1] from the global analysts.

"Increasing profitability is a priority for all financial institutions," says Jaroslaw Knapik, senior analyst, financial services technology, Ovum. "As the use of digital channels increases, banks will strengthen their focus on mobile channels and self-service functionality in an myczxv ic xjrtlpa fah urgthrl vpplz msfasxhwp."

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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.