"Many banks are seeing that through consolidation and downsizing, they can hold the line on systems spending and still invest in technologies that will have a big payoff for the future."

So a technology consultant commented in 1992 on results of American Banker's annual technology in banking survey.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.