A very British IT dilemma

Benn, Ian
November 2008
Lending Strategy;Nov2008, p22
Trade Publication
The article reports that a survey conducted by Spectrum Consulting on British bank executives reveals that 9 out of 10 respondents believe that legacy Information Technology (IT) systems are becoming expensive to acquire, update and maintain. It reveals that 76% believe that aging systems will still run their financial institutions five more years. However, 88% say that the burdens of compliance, legal and regulatory requirements are straining banking systems and IT infrastructure.


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