Another vital aspect that has to be taken cognisance of is that technological deployment must always be consistent with the levels of expertise in each bank as well as the nature and sophistication of its customers. Alternatively it is important to train all the stake holders to ensure a smooth technological transformation.
The mounting uncertainties about the profitability of investments in third generation mobile phone technology in Europe and fibre optic networks in the United States have shown the risks and challenges that IT financing may involve for creditors.