Central Banking Benchmarking
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Most central banks spend less than 20% of their IT budget on security
Average spend was 16% of IT budget
Central banks take less than 50 minutes to fix critical outages
Time tolerances for critical system downtime range from one to 32 hours
Average IT salaries are highest in Europe
Pay varies by income of institutions’ host economies
Do you need an effective benchmarking method?
Then look no further. Our data is sourced directly from central banks and is relevant to key areas. All presented in interactive charts, so you can easily compare with peers.
Ahead of the Curve
Biggest technology challenges faced by central banks
Fintech & IT Benchmarks 2021 highlights cyber security is the biggest challenge faced by central banks. As the world becomes more digital, the attack surface for cyber hackers hasincreased substantially. Charged with maintaining the financial stability of the global financial system, it is unsurprising central banks are concerned.
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