Based on the results of a May to July 2011 Aite Group survey of 100 U.S. community banks, each with less than $5 billion in assets, 65% report having higher information technology budgets during 2011 than during 2010.

The report highlights the key IT priorities of U.S. community banks over the next two years and discusses their planned usage of newer channels, such as social media and mobile.

“Despite challenges over the last few years, community banks have not lost sight of the importance of technology to their overall strategies and future success,” says Christine Barry, research director with Aite Group and author of this report. “Business mobile banking, consumer mobile banking, remote deposit capture for consumers, fraud mitigation, and online account-opening top the list of technologies that community banks seek to implement over the next two years.”

 

 

http://www.aitegroup.com/Reports/ReportDetail.aspx?recordItemID=827