Arrogance and aftershocks

- Keith Brody
- 01 Dec 2002

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These are challenging times for financial software firms, many of which are having difficulty navigating the choppy waters of change. Thanks to the global economic downturn, banks worldwide are slashing their IT budgets, and changing the nature of the types of projects they will spend money on. And there are fewer clients for software firms to market to, because of consolidation in the financial services industry.

Indeed, Waters magazine, published by the Risk Waters Group, reported in its

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