The banking industry in the US has been hit hard by the sub-prime crisis, which has resulted in huge losses thereby bringing the world’s largest economy on the verge of recession.

In the current scenario, the North American BFSI sector is attempting to adopt sophisticated credit risks management systems to manage risks more efficiently.

Further, owing to the losses suffered by the US banks due to the mortgage investments, the government wants the regulations to be more stringent along with growing pressure on banks to adopt Basel II standards.

The report forecasts the IT spending of the BFSI Industry in North America over the period 2007-2010. It is meant for IT vendors and intends to help them identify selling opportunities in the BFSI Industry in North America. The report identifies key business issues being faced by the BFSI Industry in North America.

Further, the identified sales drivers can be used to penetrate these accounts or increase current share of the customer's wallet. Also, the report lists leading IT buyers and provides their brief company profile, along with their IT spending.

TechNavio Insights is a set of reports based on TechNavio - a market intelligence platform for the IT industry. It builds on the intelligence available within TechNavio, and leverages on the custom research experience of the 'Technology Navigators'. TechNavio is built on years of experience of Infiniti Research in deep dive custom research and consulting for over 30 Fortune 500 companies and numerous large and mid-sized companies.