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Industry: Email Alert RSS FeedIDC observes a lack of IT investment by financial institutions in Western Europe
Corporate IT Update, Oct 16, 2002
CORPORATE IT UPDATE-(C)1995-2002 M2 COMMUNICATIONS LTD
Market intelligence and advisory firm IDC has reported that Western European financial institutions are delaying spending on straight-through-processing and front-to-back integration.
The delay is reportedly due to current market and economic conditions as well as the complexity of the project and the size of the investment required.
A spokesperson for IDC has said that financial companies are less eager to initiate long projects and are tending to delay those that do not offer a measurable return on investment.
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