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Banks spend more on IT, hoping the cloud is silver-lined

18
Sep
2014

By Tom Miles GENEVA (Reuters) – Two-thirds of banks are planning to spend more on information technology this year, the highest proportion since before the start of the financial crisis, according to an annual survey published on Wednesday. The survey of 198 senior bankers by banking software firm Temenos also found only 11 percent anticipated spending less on IT this year, the lowest since 2008. …

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