Financial services has not been sparred the job losses that have permeated other sectors. Beginning in late 2003 and continuing through 2004, the tide has been shifting. New investments in technology and the continuation of project efforts that began in pre-downshift days have resulted in renewed manpower needs. 

In recent industry reports, IT spending through 2008 for combined banking and manufacturing will exceed $130 billion.

The focus of this spending for the financial services sector will be visible in capital markets as well as in corporate/retail banking. Credit risk, risk mitigation and security fraud top the list of major initiatives in addition to data infrastructure and continued legacy systems integration.

Daubenspeck and Associates combines expertise in financial services together with seasoning within the IT space in support of many of the world's largest financial institutions.