The Eurozone crisis is far from over, the fiscal cliff is top of the headlines and industry revenues continue to decline. Adding to their collective headache, financial organizations are dealing with flat IT budgets while striving to innovate in today’s ultra-competitive market. But there are a host of bright spots in the financial technology world. Here is a look at Wall Street & Technology’s take on the key issues that will shape the industry in 2013.
6. Demand for Deep Analytics Challenges Data ManagersTough new regulations, demand for more analytics and budgetary belt-tightening has made data management an even bigger headache for financial institutions.
Ed’s note: The industry has already spent billions of dollars over the last few decades to get their data management in order, but the explosion of unstructured data has added a whole new layer of complexity.
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Melanie Rodier has worked as a print and broadcast journalist for over 10 years, covering business and finance, general news, and film trade news. Prior to joining Wall Street & Technology in April 2007, Melanie lived in Paris, where she worked for the International Herald ... View Full Bio