Pinched budgets strain IT decisions

Times have changed since the boom days of the late 1990s. Banks, regardless of size, must make more judicious use of their existing IT infrastructure, while IT projects deemed non-critical to the banks’ core business are either being frozen or scrapped.

Systems and application acquisition has similarly been hit by tightening budgets after a drop in spending post-Y2K, the events of September 11 and the ensuing global slowdown. Now IT departments are expected to stretch their budgets without

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