Lenders will standardise IT systems says Unisys

A survey carried out by Unisys claims increasing regulation and changing market economics are the driving forces behind IT spending. It says future IT investment will focus on standardising many mortgage origination software solutions adding this is a shift from the current position. At present, 71% of all software applications in-use are customised packages. But respondents indicate they expect 50% of all software applications in-use to be standard packages in the future. Unisys says its research also reveals the bigger lenders are most concerned with differentiating their market pr...