Open Finance and analytics drive tech budget uplift in Brazilian banks
Technology budgets in Brazilian banks are set to increase this year as digital transformation accelerates in the sector, according to a yearly report by the National Banking Federation (FEBRABAN), carried out by Deloitte. According to the study, tech budgets are set to reach $7.4 billion in 2022, up 18% in relation to last year. The estimate is based on the responses from 17 Brazilian banks, which concentrate around 82% of all banking assets in Brazil. Within last year's total tech budget at Brazilian banks of $6.3…