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IT rush in Middle East banks

Views 2 Views    Comments 0 Comments    Share Share    Posted by Kushagr 27-02-2009  
Financial techie types can cash in on Middle Eastern banks’ focus on security.

Middle East and North Africa Financial Action Task Force predicts banks and financial institutions in the region are set to spend $2bn on IT this year and next – mainly centred on risk management to guard against fraud and money laundering.

Job opportunities on the development side are unlikely to be plentiful, as most financial firms take over the counter solutions from firms like SAS, SunGard, Algorithmics, Risk Metrics and RiskTech, many of whom are rushing to the region to cash in on the spending boom.

Source:
http://news.efinancialcareers-gulf.com/newsandviews_item/newsItemId-12896
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