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IT spending rises as banks balance legacy and innovation

Monday, April 13, 2026 by Russ Scritchfield

Financial institutions face rising IT budgets as they balance innovation, legacy and regulation, says Celent, a GlobalData company. Firms across banking, insurance, and capital markets are preparing for a year of measured technology investment, where the need to modernize core platforms meets the urgency to scale artificial intelligence and reinforce data governance. Wi...

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