Worldwide IT spending is forecasted to grow from $2.46 trillion in 2015 to more than $2.8 trillion in 2019, according to the new Worldwide Semiannual IT Spending Guide: Vertical and Company Size from International Data Corporation (IDC).
Across globe changing customer demands has led banks and financial institutions to improve operational efficiency and enhance regulatory compliance. At the same time outsourcing noncore activities and simplifying processes to reduce organizational complexity for economic reasons has become a necessity. Going forward, banking is going to look a lot different in 10 years’ time. The future lies in leveraging IT technologies. As per industry trends IT spending in banking and finance sector will be on all time high until 2025.This extended ecosystem will thrive on Cloud, mobile, big data/analytics, which will see major spending.
Since inception Veracity Software is working with leading investment banks for implementing various front, middle and back office systems. Our experts are proficient in front office booking system of various asset classes, risk management, reporting and regulatory systems.
Our R&D group and SMEs are constantly working to redefine the way our clients do business, providing them with the best available in the market. Big Data technologies or cloud computing, we are always ready to accept technological challenges – setting benchmarks in technology.