Financial Firms Budget $365 B For Tech
NU Online News Service, December 15, 1:14 p.m. EST?In 2005, banking, securities and insurance institutions will spend an estimated $365 billion on technology in order to achieve growth, greater operational efficiency and networked services, according to Needham, Mass.-based TowerGroup.
Among the three sectors, the company said, the insurance sector next year will make only a modest increase in its outlay.
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