Celent report: financial firms' IT spending on the rise

In his report, published December 2008, Jegher said the financial services community is expected to spend $364.5 billion on global IT products and services in 2010, a 3.2% rise from the 2009 projected figure of $353.3 billion.

In an accompanying webinar released last week focusing on the North American perspective, US bank IT spending is predicted to increase from $43.5 billion in 2009 to $43.9 billion in 2010, an increase of 0.8%. Meanwhile, Canadian bank IT spend will rise from $6.7 billion to

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