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[ad_1] Scotiabank increased its investment in technology, personnel costs and advertising to grow business operations and remain competitive. In the third quarter of 2023, which...
[ad_1] Canada’s TD Bank increased its investments in technology in the third quarter to remain competitive and serve a growing number of technology entrepreneurs. The $1.9...
[ad_1] Royal Bank of Canada’s discretionary and technology-related spending accounted for 23% of the bank’s non-interest expenses in the third quarter. In Q3 2023, the $1.4...
[ad_1] London-based NatWest Group increased its tech spend in the first half of 2023 as the company looks to remain competitive, create resilient operations and leverage...
[ad_1] Barclays PLC is looking to increase its investment in technology and automation to improve customer experience and reduce costs. The company reported an increase in...
[ad_1] Financial institutions looked to automation in the second quarter to reduce costs and create more efficient operations. The $3.2 trillion Bank of America, for one,...
[ad_1] Truist Financial invested heavily in technology and related professional services in the second quarter of 2023 as rising expenses overshadowed income growth. Truist’s software expense rose...
[ad_1] Fifth Third Bank ramped up its modernization efforts in the second quarter as it looks toward automating its core platform to drive down expenses. The $211...
[ad_1] BNY Mellon is looking toward digitization and automation to increase efficiency, drive down operational costs and improve consumer experience. WHY IT MATTERS: The $425 billion bank focused...
[ad_1] Citibank is ramping up its automation efforts and modernizing its platforms to maintain competitiveness and drive down costs. The $1.7 trillion bank increased its technology...
[ad_1] Royal Bank of Canada’s discretionary and tech-related expenses increased by 22% for the second consecutive quarter as the bank looks to continue improving its digital...
[ad_1] Bank of Montreal introduced a new digital account opening program and finalized its integration of Bank of the West during the second quarter. Following the...
[ad_1] First Citizens Bank today announced plans to up its tech focus by leveraging capabilities acquired from its March purchase of the failed Silicon Valley Bank. ...
[ad_1] Capital One looked to technology to help navigate economic uncertainty as it invested in machine learning during the first quarter. The $471 billion bank saw...
[ad_1] UBS Group AG invested in onboarding technology through enhanced know-your-customer and anti-money laundering processes in the first quarter, which will ultimately aid the bank’s onboarding...
[ad_1] Credit Suisse reported higher operating expenses during the first quarter as the financial institution invested in software, shrunk its team and continued restructuring efforts amid...
[ad_1] Truist Financial is enhancing customer experiences and attracted new customers through its upgraded digital lending and onboarding efficiencies during the first quarter of 2023. The...
[ad_1] Citizens Financial continues to prioritize its technology enhancement initiative for the bank’s legacy infrastructure and platform updates in the year ahead through its Top 8...
[ad_1] Bank of America saw noninterest expenses increase year over year as employee and technology costs increased during the first quarter of 2023. WHY IT MATTERS:...
[ad_1] JPMorgan Chase decreased technology, communications, and equipment expenses year over year during the first quarter of 2023, but an increase in headcount and wage inflation...