At the moment, banks are the private sector that has invested the most in technology. That's why, The expectation is that until the end of this year, investments will continue to grow in Brazil. According to Daloitte research, from Febraban (Brazilian Federation of Banks), Brazilian institutions will invest R$ 45,1 billions in technologies and the IT sector.
This represents an increase of almost 30% (29%) when compared to the previous year. Em 2022, investments in the area amounted to R$ 34,9 billion, and already represented an increase in 18% when compared with 2021. Two R$ 45,1 billion that has already been invested in technology, R$ 1,6 Millions will be allocated to technological infrastructure and the implementation of solutions that improve the experience of IT workers.
Even because, Febraban research points out that 65% of banks intend to increase their IT staff. Developers, scientists, data engineers and cybersecurity specialists should be the most contacted professionals until the end of 2023.
The main technologies
There are many technologies that are extremely necessary for financial institutions today. Although, even due to bank transactions and possible fraud, solutions focused on cybersecurity have been a priority among institutions.
According to the presidency of Febraban, 100% of banks chose cybersecurity as the main investment for the year. Furthermore, Institutions are increasingly focused on personalizing customer relationships and exploring Open Finance data.
Another important fact brought by the research is that an expansion of 20% in migrating to Cloud services in 2023. That way, other areas of technology will receive increased attention until the end of the year, as:
- Cloud optimization and prioritization
- Artificial intelligence
- Digital currencies and assets
- Other emerging movements (ESG, tokenization, 5G and Metaverse)
Strong investment
Febraban's research was carried out based on consultation with 28 executives representing 16 Brazilian banks. Information collection began at the end of 2022 and completed in March this year, analyzing the intention of spending and investments in technology.
The data comes in line with another survey, made by Gartner consultancy. According to the agency, only last year, the banks represented 11% of total spending directed to the technology sector in Brazil. This area of the economy was second only to public administration, who directed 20% para TI e afins.
