By acquiring Metavante Technologies Inc. and its extensive roster of small and midsize bank clients, Fidelity National Information Services Inc. has attained what is arguably the best view of the entire banking industry's purchasing power.

The view is not very pretty. After weathering a year of poor sales, the Jacksonville, Fla., vendor sees no improvement in information technology spending before the middle of next year. Hammered by bad loans, rising default rates on consumer credit cards, slumping revenue from transaction fees and many other problems, few banks have made tech spending a priority.

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.