Winning Moves

"We filled the vacancy the next day"

IT investment imminent?

Investment in the IT industry could be set to rise as a result of the government's plans to increase competition in the banking sector, Computer Weekly reports.

Established brands such as Tesco, the Post Office and Virgin Money are gearing up to challenge the existing key players in retail banking, and they will need to spend big on IT to compete with them.

Virgin Money recently made an offer for the branches which the Royal Bank of Scotland has put up for sale, underlining its intentions to become a full service bank.

All of the new banks will need to implement a complex IT infrastructure in order to offer consumers the same range of services and products as their competitors.

This should lead to a significant investment in IT as the three new banks seek to procure quality IT services.

The demand for IT professionals rose sharply in March, according to figures released by KPMG and the Recruitment and Employment Confederation.

By Leanne TimsonADNFCR-2165-ID-19708403-ADNFCR