Banking
BofA to spend $3.8B on tech in 2024 | Bank Automation News
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Bank of America expects to spend $3.8 billion on technology development in 2024 as its overall spending increases due to investment in people, incentive compensation and technology. The $3.8 billion is part of the bank’s overall cost of running its technology platform, which totals around $12 billion, Chief Executive Brian Moynihan said Dec. 5 during […]
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Whitney McDonald
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