.jpg){kind=avatar}
Overall 61% of all banks expect to increase tech spending in 2023 over their 2022 levels. Banks are prioritizing security, fraud mitigation and customer onboarding/mitigation. Concerns about compliance are top of mind as well.
Even with a recession looming on the horizon, financial institutions are still looking to invest in new technology, with a majority of banks expecting to increase their tech spending this year. Arizent, publisher of leading brands in financial and professional services, conducted original research to find out which types of technology banks are focusing on in the current economic climate, what the key factors are that are likely to impact their spending decisions and more. This research was conducted online in December 2022 among 164 banking respondents with knowledge of and/or involvement in their institution's tech initiatives.
https://www.americanbanker.com/list/a-deep-dive-into-the-tech-priorities-of-the-banking-industry
