Amidst write-downs, exiting executives and a murky outlook, financial firms are taking a cautious approach to information technology initiative planning and spending. Wall Street IT executives are dealing with unprecedented challenges that are forcing some firms to table or scale back efforts. However, investment and planning on many projects cannot be easily abandoned.
The initiatives listed below are based on results from discussions and surveys with capital markets IT decisionmakers. They are not necessarily those areas with the greatest amount of spending, but those that position institutions well for the future. They are vital to improve competitiveness, differentiation and align firms for future success.
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