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Growing Budgets Seen Pushing Envelope in Online Channel Growth

Despite rough economic times, half of the nation's largest financial institutions expect a budget increase of more than 15% in 2010 for online banking initiatives, according to a new report.

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Despite rough economic times, half of the nation’s largest financial institutions expect a budget increase of more than 15% in 2010 for online banking initiatives, according to a new report.

According to research and advisory firm Aite Group, the additional funds will help up the ante in four key areas of online channel development: personal financial management, sales and marketing and account opening and online payments.

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