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IT Spending in Financial Services: Retail Focus Lags Corporate

After a year of tightening their belts, North American financial institutions will be opening their wallets once again to invest in information technology in the next couple of years.

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After a year of tightening their belts, North American financial institutions will be opening their wallets once again to invest in information technology in the next couple of years.

That’s according to Celent, which said in a new report that it expects IT spending in the sector to grow by 2.2% in 2010 and 3.1% in 2011, which will follow a weak period of growth in 2009-just 1.7%.

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