Information technology spending by North American financial institutions is on the rise after two challenging years, according to a new report from Celent.

The Boston-based financial research and consulting firm said information it gathered from banks across the continent drove its prediction that IT spending will grow from $51.4 billion last year to $53.4 billion this year. Another 4.6% increase to $55.9 billion is expected in 2012, extending to $58.3 billion in 2013, Celent said.


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.