IT-Budgeting Processes in Swiss Banks and How They Are Influenced by Rapidly Changing Regulatory Requirements

Abstract

Information technology (IT) organizations have been called on to play a greater, more proactive role in all industries (Rümmler, Toggwyler, Bollag, & Nicollier, 2013). It is therefore not a surprise that Swiss banks are investing money into their IT systems to transform their business and drive innovation. Moreover, the business looks to IT to advance analytics and business intelligence to improve business steering (Rümmler et al., 2013).