NEWTON, Mass. — Financial services companies will spend $27 billion on technology next year to build their wholesale or business-to-business operations, up 12.5% from this year, according to a report from Meridien Research.

Most of the spending will be done to improve internal processing and market-making systems by enhancing data quality, electronic procurement, and accountability for information-technology investments, Meridien said.

Financial companies in North America and Europe will each account for 40% of the technology spending, Asia/Pacific for 15%, and the rest of the world 5%, Meridien predicted.

Banks will spend 55% of the total; securities/investment firms 25%; insurers 15%; and “nonbanks” 5%, the report said.

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