Capgemini sees BFSI's IT spend gaining traction
Business Standard|December 13, 2021
Anirban Bose, chief executive officer (CEO) of Capgemini's financial services and group executive board member has said the company's financial services group saw huge traction as banks and financial institutions increased their spends significantly in 2021.
SHIVANI SHINDE

Going ahead, he believes that for many, the focus will be on reprioritisng their IT spends.

The banking, finance services and insurance (BFSI) sector has been the biggest adopter of tech and the pandemic was no different. For BFSI, Bose believes that IT spends for 2022 are only going to go up, and customers are reprioritising their IT budgets.

"Investments will continue, but it will get a lot more prioritised. Clients will relook at their systems and see what is it that is bringing simplification, or what are the solutions that are creating better customer experience or bringing cost-effectiveness. The priority list is going to be crucial,” he added.

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