Capgemini seeing BFSI's IT spend gaining traction, says CEO Anirban Bose

Financial services grew 5.4 per cent on a constant currency basis.

Anirban Bose, chief executive officer (CEO) of Capgemini’s financial services and group executive board member has said the company’s financial services group saw huge traction as banks and financial institutions increased their spends significantly in 2021.

Going ahead, he believes that for many, the focus will be on reprioritisng their IT spends.

The banking, finance services and insurance (BFSI) sector has been the biggest adopter of tech and the pandemic was no different. For BFSI, Bose believes that IT spends for 2022 are only going to go up, and customers are reprioritising their IT budgets.

“Investments will continue, but it will get a