62% of technology projects in capital markets over the last year have cost less than $500K, with 45% having a CAPEX of less than $250K according to our latest research.
This came as somewhat of a surprise.
My conversations with FinTech companies serving capital markets have been consistent – times are getting better. Institutions are spending again and, although pressures are there, confidence is returning. Regulatory demands, technical upgrades and changing customer requirements were supposed to be pushing firms to spend. So, in a market widely known for major, wholesale technology change, this level of spend marks a real shift.