Financial firms boost IT spending amid regulatory changes

11/8/2011 | Insurance Networking News

Basel III, Solvency II and the US Dodd-Frank Act are prompting financial-services firms to increase technology spending, as companies become concerned about regulatory compliance, according to Chartis Research's RiskTech100 report. "There is a quiet revolution taking place in the financial-services industry, where the disciplines of risk and finance are converging," said Peyman Mestchian, managing partner at Chartis.

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