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Banks chase IT solutions

Wednesday, April 27 - 2005 at 16:24

Banks in the GCC are matching their international counterparts in deploying the latest banking solutions, according to a study done by Dubai-based Madar Research Group. The study says that of the $1bn spent on IT by the GCC banking industry, 40% is devoted to IT infrastructure expansion and upgrade with a focus on security issues.



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James McInerney James McInerney, News Editor
Wednesday, April 27 - 2005 at 16:24 UAE local time (GMT+4)

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This Article was updated on Thursday, April 28 - 2005

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