{"id":14,"date":"2023-08-30T02:33:12","date_gmt":"2023-08-30T02:33:12","guid":{"rendered":"http:\/\/improdango.com\/?page_id=14"},"modified":"2023-09-08T00:21:07","modified_gmt":"2023-09-08T00:21:07","slug":"industry-background","status":"publish","type":"page","link":"http:\/\/improdango.com\/?page_id=14","title":{"rendered":"Industry Background"},"content":{"rendered":"\n<div class=\"wp-block-columns alignwide is-layout-flex wp-container-core-columns-is-layout-28f84493 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<p><a href=\"http:\/\/improdango.com\/\" data-type=\"page\" data-id=\"21\">&#x2196; Home<\/a><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:50%\"><\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:25%\">\n<p><a href=\"http:\/\/improdango.com\/?page_id=117\" data-type=\"page\" data-id=\"117\">Threat Trends &#x2197;<\/a><\/p>\n<\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-media-text alignwide is-stacked-on-mobile\"><figure class=\"wp-block-media-text__media\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"683\" src=\"http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440-1024x683.png\" alt=\"\" class=\"wp-image-45 size-full\" srcset=\"http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440-1024x683.png 1024w, http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440-300x200.png 300w, http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440-768x512.png 768w, http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440-1536x1025.png 1536w, http:\/\/improdango.com\/wp-content\/uploads\/2023\/09\/AdobeStock_588772440.png 2000w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure><div class=\"wp-block-media-text__content\">\n<h5 class=\"wp-block-heading has-text-align-center has-white-color has-text-color\">Key Facts about the US Banking Industry<\/h5>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Very large industry &#8211; $23.7 trillion in assets in 2023<\/li>\n\n\n\n<li>Widely used &#8211; 81% of US adults had a bank account in 2020<\/li>\n\n\n\n<li>Dominated by large national banks like:\n<ul class=\"wp-block-list\">\n<li>JPMorgan Chase Bank ($3.31 trillion)<\/li>\n\n\n\n<li>Bank of America ($2.41 trillion)<\/li>\n\n\n\n<li>Citibank ($1.71 trillion)<\/li>\n\n\n\n<li>Wells Fargo ($1.71 trillion)<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li>Also many small community banks which operate locally (&lt;$10 billion in assets each)<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h5 class=\"wp-block-heading\">Importance of information technology<\/h5>\n\n\n\n<p>Banks are spending heavily on technology \u2013 not only to create new products for their customers, but also to modernize their own systems.&nbsp;<\/p>\n\n\n\n<p>The line between business and technology is being blurred faster than ever for banks. Technology is driving banking products and services, and banks are competing using technology as a differentiator.&nbsp;&nbsp;<\/p>\n\n\n\n<p>According to Gartner, investment in IT is forecast to total $652 billion in 2023, which is up 8.1% from 2022.<\/p>\n\n\n\n<p class=\"has-text-align-center has-extra-small-font-size\"><a href=\"http:\/\/improdango.com\/?page_id=117\" data-type=\"page\" data-id=\"117\">Threat Trends &#x2197;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#x2196; Home Threat Trends &#x2197; Importance of information technology Banks are spending heavily on technology \u2013 not only to create new products for their customers, but also to modernize their own systems.&nbsp; The line between business and technology is being blurred faster than ever for banks. Technology is driving banking products and services, and banks [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-14","page","type-page","status-publish","hentry"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/pages\/14","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"http:\/\/improdango.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14"}],"version-history":[{"count":12,"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/pages\/14\/revisions"}],"predecessor-version":[{"id":210,"href":"http:\/\/improdango.com\/index.php?rest_route=\/wp\/v2\/pages\/14\/revisions\/210"}],"wp:attachment":[{"href":"http:\/\/improdango.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}