Cyber security and retaining top talent are biggest tech challenges

Keeping abreast of fintech developments also tests institutions

Asked what their most pressing tech challenges are, a clear majority of central banks said cyber security and recruiting and retaining top technology talent, the Fintech & IT 2021 benchmarks show.

An equal share of respondents – 52% – cited these as their most pressing tech issues. Forty-eight percent said keeping up with regulating the use of new fintech and financial products was a problem, while 39% highlighted budget and resource limitations and adapting legacy systems.

However, the

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