Angelica Mari
for Brazil Tech
| June 25, 2021 — 18:54 GMT (19:54 BST)
| Topic: Banking
Brazilian banks have spent more on information technology as they sought to adapt to the new requirements emerging after the Covid-19 pandemic, new research has found.
Information technology spend among Brazilian banks has seen a 8% increase in 2020 in relation to 2018, reaching 25.7 billion Brazilian reais ($5.1 billion) last year, according to the yearly survey from the Brazilian Banking Association (FEBRABAN) carried out by Deloitte and released yesterday (24).
Of the total amount spent in IT by banks in Brazil last year, 10% went towards cybersecurity, the study has found. This is the 29th edition of the study, which has polled 21 banking institutions, the equivalent to 87% of the sector. In addition, the survey has also heard 17 senior technology executives in 10 large banks and included data from Deloitte studies on sector trends in Brazil.
Angelica Mari
for Brazil Tech
| June 25, 2021 — 18:54 GMT (19:54 BST)
| Topic: Banking