24/05/2011

By Scott Thompson

Seventy six per cent of financial services industry technology executives expect to increase IT spending over the next 12 months; just 17 per cent say they will decrease and seven per cent report spending will remain the same. That’s according to results of a recent Bloomberg survey.

The poll was taken at Bloomberg LINK’s first Enterprise Technology Summit, which brought together more than 100 CIOs and technology decision-makers from major financial services firms. The executives were asked 10 questions on key technology trends and results included:

Managed solutions - 55 per cent are shifting more of their overall capital expense to managed solutions; with 33 per cent saying no and 12 per cent saying they don’t know

Compliance - 84 per cent have increased spending on regulatory and compliance systems in the past two years; five per cent decreased and 11 per cent said spending remained the same.

Cloud - When asked what infrastructure investment areas have yielded the most ROI in the last year, cloud computing received 45 per cent of the responses, another 33 per cent said low-latency trading and 23 per cent complex event processing.