|
|
Article: Financial Services Sector to Spend $8.3 Billion on XML and Web Services according to ZapThink Report; ZapThink Announces Release of 'XML in Financial Services' Report.
- Article from:
- Business Wire
- Article date:
- March 15, 2002
CopyrightCOPYRIGHT 2002 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Business Editors
WALTHAM, Mass.--(BUSINESS WIRE)--March 15, 2002
The Financial Services sector is adopting XML in a big way. The pressures of integrating complex, heterogeneous systems, the movement to "T+1" processing, and financial document preparation is making near-term adoption of XML by Financial Services enterprises a reality, according to a report released today by ZapThink, LLC, an XML-focused industry analyst group. The Financial Services sector spent over $195 Billion (US) on IT in 2001, with $985 Million invested on XML technologies in 2002. Expenditures on XML technologies in the Financial Services sector will grow to over $8.3 Billion by ...