{"id":1041120,"date":"2026-10-06T08:48:19","date_gmt":"2026-10-06T03:18:19","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1041120"},"modified":"2026-10-06T08:59:52","modified_gmt":"2026-10-06T03:29:52","slug":"bfsi-tech-spend-rises-but-it-services-get-smaller-share","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/10\/06\/bfsi-tech-spend-rises-but-it-services-get-smaller-share\/","title":{"rendered":"BFSI tech spend rises, but IT services get smaller share"},"content":{"rendered":"<p>Banks and financial institutions are increasing their technology spending, but Indian IT services firms are capturing a shrinking share of the incremental wallet as a larger portion of budgets shifts towards AI infrastructure, software, cloud, cybersecurity and in-house engineering capabilities. <\/p>\n<p>Technology spending by banks grew 8% year-on-year in the first half of 2026, compared with 4% growth in BFSI revenue for IT services, according to data from ICICI Securities. The divergence reflects a structural change in the composition of technology budgets, with a growing share of spending going directly to technology and software providers rather than outsourced services.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Banks and financial institutions are increasing their technology spending, but Indian IT services firms are capturing a shrinking share of the incremental wallet as a larger portion of budgets shifts towards AI infrastructure, software, cloud, cybersecurity and in-house engineering capabilities. Technology spending by banks grew 8% year-on-year in the first half of 2026, compared with 4% growth in BFSI revenue for IT services, according to data from ICICI Securities. The divergence reflects a structural change in the composition of technology budgets, with a growing share of spending going directly to technology and software providers rather than outsourced services.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63,4,12],"tags":[],"class_list":["post-1041120","post","type-post","status-publish","format-standard","hentry","category-it-2-the-financial-express","category-newspapers","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1041120"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041120\/revisions"}],"predecessor-version":[{"id":1041135,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1041120\/revisions\/1041135"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1041120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1041120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1041120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}