Tuesday, May 31, 2016

Investment banks in technology shrinks 9.5% in 2015 to … – Journal Times Business


 Banks in Brazil have reduced investments in information technology at 9.5% last year to R $ 19 billion compared to the $ 21 billion recorded in 2014, according to the Brazilian Federation of Banks (Febraban) obtained by Broadcast Service news in real time the State Agency. The reduction, explains the entity follows the global trend of the segment. In the world, as Gartner study, the banking technology consumed US $ 351 billion in investments in 2015, down 3.0% from the previous year’s figure of US $ 362 billion.

 Despite the decline last year, the resources allocated to information technology by the banks followed the level of the last five years, with an average of R $ 20 billion a year. The data contained in the Febraban Research Banking Technology 2015, conducted by Deloitte.

 Of total investments and expenses of Brazilian banks on IT last year, according to the study, 44% was allocated to software (programs), 35% for hardware (physical part of the machine) and 20% for telecom. In 2015, the funds invested in software grew, according to research from Febraban five percentage points. The increase, says the federation, shows banks’ efforts to increase and improve the digital customer experience.

 The banking sector accounted for 13% of investments made in information technology last year, second only to the government, whose share was 14%, a total of US $ 51 billion in 2015, according to a survey by Gartner.

 With the resources that the banking sector invests, Brazil is considered the country of so-called BRICs (Brazil, Russia, India and China) that more resources intended for this purpose. In addition, the total IT investments made by Brazilian financial institutions (13%) is the same as the global banking sector allocated in IT in 2015. Since global spending on information technology amounted to $ 7.7 trillion last year .

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