Computer Weekly Data Bank:

Banking


December 12, 2013  1:00 AM

Hardware Spend – Banking, Finance & Insurance Companies

kwicka Profile: kwicka
Banking, Finance, Hardware, Insurance

Large banking & finance institutions have an average outlay of £13m on hardware.  The corresponding life insurance companies spend a third of that amount whilst for both auxiliary finance & insurance firms and general insurers it is about a fifth.


June 27, 2013  1:00 AM

Telecom Services Spend – Banking & Finance

kwicka Profile: kwicka
Banking, Finance

Telecom services spend by the banking & finance sector swamps the outlay by all UK organisations.  Depending on the size of the organisation it can be up to a factor of 10.  Banking & finance companies employing under 50 staff devote almost £6,000 per employee whilst the largest...


June 10, 2013  1:00 AM

Custom Software Spend – Banking, Finance & Insurance Companies

kwicka Profile: kwicka
Banking, Finance, Insurance, Software

There are some 50 large banking & finance companies in the UK employing over 1000 staff.  On average each spends £5m on customised software.  This is more than twice as much as life insurance and auxiliary financial & insurance organisations.  General insurers outlay the...


February 18, 2013  1:00 AM

Development Tools Spend – Banking, Finance & Insurance Companies

Bill Goodwin Profile: Bill Goodwin
Banking, Development tools, Finance, Insurance, Software

Financial services organisations are forecast to spend almost £350m on software development tools in 2015.  Banks & finance houses will dominate the sector with expenditure of £200m.  At little over half that amount will be invested by auxiliary financial & insurance...


August 19, 2011  1:00 AM

Software Staff Numbers – Financial Services

kwicka Profile: kwicka
Banking, Banks, Finance, Insurance

In large Finance Houses (1000+ employees) software staff make up 6% of all personnel.  This is twice the proportion found in Banks.  For Insurance companies it is 5% whilst for Auxiliary Financial concerns software professionals represent 4%.


July 20, 2011  1:00 AM

IT Managers Pay – Financial Services

kwicka Profile: kwicka
Banking, Banks, Finance, Insurance, IT staff, pay, salary

In Financial Services, IT managers in Finance Houses are paid the best.  Typically they earn £64,000.  Their counterparts in Insurance have the lowest pay, averaging £51,760.

95 - IT Managers - Gross Annual Pay - Financial Services.gif


June 16, 2011  1:00 AM

Computer Services Spend – Banks

kwicka Profile: kwicka
Banking, Banks, growth, SME, SMEs

Medium Banks (100-999 employees) spend a quarter less on computer services than similar sized Financial Services firms.  However, expenditure per employee has grown faster by 15% over the past 5 years.

71 - Computer Services - Banking.gif


May 20, 2011  1:00 AM

IT Budgets – Large Financial Services Institutions

kwicka Profile: kwicka
Banking, Insurance

Large Banks (1000+ employees) spend twice as much on IT than both large Finance Houses and Insurance companies.  In the case of Auxiliary Finance concerns it is a multiple of 5.

53 - IT Expenditure per Organisation - Fin Services - 1000+ Emp.gif


April 11, 2011  1:00 AM

IT Staff Costs – Financial Services

kwicka Profile: kwicka
Banking, Insurance, IT costs, IT staff

Within Financial Services, IT staff costs are by far the largest in Banking.  They are a factor of 5 greater than those for Finance Houses, a factor of 3 in the case of Insurance whilst they are 50% greater than that for Auxiliary Finance Activities.


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