UK Total Banking IT/Technology Expenses

Timeframe20232024202520262027
Total banking IT/technology expenses (billions)Maximum of two rows can be charted.
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Source: eMarketer

Note: Exchange Rate; includes expenses by banks with FSCS-backed consumer and business expenses and savings accounts; expenses include core systems maintenance, modernization, innovation, transformative technology, data processing, equipment, software, digital initiatives, compliance and cyber security

Methodology: Estimates are based on the analysis of data from respective bank corporate disclosures, reported and estimated non-interest expenses from major banks, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.

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