Risk concerns force companies to look at their IT systems

IT contractors may be required to help banks tackle their risk management problems.
According to the International Data Corporation, financial services companies are set to increase their technology spending in the wake of tighter regulation.
One of the major problems currently facing the IDC is the disparate nature of their computer systems, which need to be converged - presenting opportunities for IT contractors.
Earlier this month, eFinancial Careers claimed that banks would be a good source of employment for IT contractors, as companies such as Lloyds and the Royal Bank of Scotland seek to update their computer systems.
Dana Wiklund, research director for the IDC Financial Insights' Global Risk Management practice, there is still an overriding sense of apprehension within the financial sector.
"While regulatory pressure is increasing and the overall risk environment is still tenuous, this survey shows that financial institutions will proceed cautiously with investment in technology solutions through 2010 into 2011," he added.
