Despite the prevailing market slowdown, financial services community continues its commitment to technology because IT is essential to enable growth, manage risks, and help in aligning with all business lines, customers, partners and external agents.
According to a recent TowerGroup research, the IT spending picture for financial services firms should improve within the next six months. Banks will likely see an upturn in IT spending in the future. An unprecedented growth of over 200% is likely to be seen in Indian Insurance Business by 2010-11, according to an Assocham report. This will see substantial increase in back office and especially IT spending by insurance companies.
Banknet’s Fifth International Bank Tech Summit (IBTS’09) will be organized on 24th September 2009, at Taj Lands End, Mumbai, India. In its fifth edition Banknet’s Annual Flagship Summit will have a Special Focus on Technology in Insurance Sector. Summit will have senior level participants from major Banks, IT Cos, Insurance Cos. & FIs globally.
Source: Banknet India
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