costs

costs

An almost “lost decade”

In the aftermath of the financial crisis, many financial institutions across Europe have launched major cost-cutting initiatives to stabilize their financial performance, while some have even launched comprehensive restructuring programs.

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Sustainable optimization of IT costs

The effects of the financial market crisis still manifest themselves in an increased cost pressure for institutions—no easing of the pressure in sight. The continuing low interest phase and the multitude of regulatory requirements force banks to critically review their cost situation on a regular basis. In this context, the focus remains on the IT as a key production factor of financial institutions.

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