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As we are in the middle of the crisis, financial technology vendors see a dark future in banks' tech spending. Still there is some light as described in netbanker:
http://www.netbanker.com/2008/09/why_new_financial_technology_remains_important.html
I fully believe that when it comes to cost-cutting, banks have to control opening new branches (especially in the CEE region) and turn to cost-effective self-service channels like internet, mobile, phone.
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Nick Green Director at Purple Patch Broking Ltd
22 August
Oleg Stefanet Chief Risk Officer at payabl.
20 August
Venkatesh P Co-Founder and Director at Maveric Systems
19 August
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