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.
For over 20 years, Celent has helped senior executives make confident decisions around their technology strategies to execute at scale.
As the financial services industry rapidly evolves, there is more complexity, with new regulations, startups, technologies, and applications to stay on top of and prioritize. Celent helps you connect this ever-changing puzzle. We offer objective advice and clarity, backed by a database of thousands of solutions and award-winning global best practice use cases. With real-life domain expertise, we also guide you through the maze of emerging tech in the pursuit of value.
Our people, data, insights, and relationships form the foundation for you to use Celent to make confident technology decisions in financial services.
