Source: Finextra Research, Intel
Finextra research into technology and business trends in financial services 2006/2007.
Executive summary:
- Compliance, operations automation and risk management are chief among the critical issues that organisations are dealing with in their business and technology strategies.
- Processing power is causing bottlenecks for organisations across a number of areas, but the key one is in risk computation, where 35% of organisations are experiencing bottlenecks.
- In the trading environment, the ability to cope with growing volumes in commoditised instruments is seen as the biggest potential benefit from improved availability and management of processing power.
- Energy consumption and the current high energy prices have already begun to influence procurement and application design decisions, with 33% of firms currently seeing this as a major concern.
- On average, organisations enjoyed an increase in IT budgets of 11.1% this financial year. But that growth is expected to slow, with an average of a 6.9% rise for the next financial year, as organisations look to get the most from their investment.
The research was conducted among investment banks, hedge funds and asset managers in August.
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