US banks boost IT budgets despite economic uncertainty

US banks are boosting IT investments for 2025, yet gaps in budget oversight and planning persist. Nearly 75% of executives can't estimate annual IT costs, despite economic pressures and cybersecurity threats requiring vigilance.

Research offers insights for financial institutions on tech spending. Banks are moving from rapid investments to measured strategies with strong budgets:

· 98% rank cybersecurity in top three spending drivers, but only 20% plan budget increases for 2025
· 88% plan to boost IT spending by 10%, shifting to external services
· Economic uncertainty influences tech decisions

Explore the research to align your bank's IT priorities with industry benchmarks.