Bank CIOs to go green by 2010


Bank CIOs to go green by 2010

Karl Flinders

Over half of technology leaders in banks will have taken on board environmentally-friendly business strategies within two years, according to Gartner.

In its Top Predictions Affecting banking and Investment Services in 2008 report the analyst firm said that by 2010, more than half of financial institution CIOs will have adopted and be implementing "green IT" practices

"Everything marketed to a bank CIO will be touted as having energy-saving or environmentally-sustainable features, no matter how small or fleeting," said Gartner.

Gartner said banks must make the right technology decisions or risk losing control of financial relationships.

Banks such as Barclays and HSBC in the UK have recognized the importance of the green agenda at a corporate level with ongoing projects to reduce IT's carbon emissions.

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