Corporate Banking IT spending continues to grow – even accelerate in most regions – from 2023 through to 2025. Some of these increases will be eroded by inflation, and there is also a clear trend to focus investments to improve how the bank is run rather than toward innovation and growth initiatives. Top level drivers of investment remain relatively unchanged as banks wrestle with compliance and mandate obligations and try to modernize their application and infrastructure real estate. The key to unlocking this conundrum is through achieving greater speed and agility across the entire technology portfolio – through new architectures and technology building blocks, DevOps, and partnerships.
To understand exactly what this means for the industry, Celent has completed its Dimensions: IT Pressures and Priorities survey for 2025. The views of over 200 corporate banking industry executives highlight exactly which technologies, product investments and strategic priorities lead their agendas.
Key findings include:
- Corporate Bank IT spending continues accelerating worldwide, on average of 4.6% in 2024 and is expected to increase by a further 6.0% in 2025.
- 65% of financial institutions globally say they have a strategy for engaging in the new banking ecosystem,
- 50% think it is harder to win and retain customers.
We recorded a corresponding webinar for this research on May 16. You can watch it on-demand today.
