Technology project success

Two-third of banks indicate that less than a quarter of tech projects are on track

Technology project delivery by region

European banks have a larger percentage of technology projects that meet their targets

Majority of projects are under 25% on-track - Nearly 70% of banks indicate that less than a quarter of their technology projects are on-track. Nearly all banks have less than half of their projects on-track.

European banks fare better on project delivery - Two-thirds of European banks have tech projects that are 25% on-track. Another 34% of European banks have 25%-50% of their projects on-track.

Technology project delivery by size and performance

Smaller banks have a larger percentage of technology projects that miss their targets

Low performing banks have more projects on-track - Banks with an asset turnover ratio of less than 2.5% have a higher percentage of on-track projects, which decreases as the ratio improves.

Larger banks have more technology projects on-track - 46% of banks with total assets more than $250 billion have 25% to 50% of their technology projects on-track.