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Information Technology, Management Article, IT spending
Article at a glance:

Smart IT spending: Insights from European banks

  • A survey of 37 European banks shows that a select few get more value from their IT than other banks while spending less.
  • Two factors are responsible: the quality of a bank’s IT management and the ways in which IT is used to support the needs of the business.
  • To improve the efficiency and effectiveness of technology, banks should look at the way market leaders handle applications, infrastructure, outsourcing, and vendor management.
This article includes the following exhibits:
  • Exhibit 1: Categorizing banks by their use of IT
  • Exhibit 2: Factors in effective IT management
  • Exhibit 3: Top performers vs. the rest

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