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[ad_1] Royal Bank of Canada’s (RBC) discretionary and tech-related expenses jumped 22% year over year to $190 million during the first quarter as the bank focused...
[ad_1] BMO Financial Group continued to enhance its digital strategy in the first quarter of 2023 via new digital card options, investment in AI capabilities and...
[ad_1] The Canadian Scotiabank increased its year-over-year tech spend by 9% to $372 million during the first quarter to support business growth as the bank adjusts...
[ad_1] HSBC’s cost-reduction efforts have allowed the bank to up tech spend to improve workflow efficiency and customer experience. THE BIG PICTURE: The $3 trillion, London-based...
[ad_1] Technology spend at banks varied during the fourth quarter of 2022 amid talk of a recession. The $3 trillion Bank of America saw 8% growth...
[ad_1] Capital One reported higher technology-related expenses for the fourth quarter despite reducing its tech workforce as the company “continues to invest in its retail banking...
[ad_1] Ally Financial is looking to capitalize on recent layoffs of tech talent to grow its own digital platforms despite potential economic turbulence to come this...
[ad_1] Truist Financial increased its non-interest expenses in the fourth quarter of 2022 as minimum wage increased and the bank invested in technology, acquisitions, revenue-generating business...
[ad_1] Fifth Third Bank saw higher technology-related expenses during the fourth quarter as it continued to invest in “platform modernization,” including the launch of its new...
[ad_1] PNC is planning to increase spending for its technology development program this year after reducing noninterest expenses through workforce cuts in the fourth quarter of...
[ad_1] Citizens Financial Group will continue to modernize its cloud-based digital platforms and move away from internal applications in 2023 following last year’s cloud migration efforts....
[ad_1] Goldman Sachs turned its focus to Platform Solutions growth in the fourth quarter of 2022 as the section saw a 171% increase in revenue year...
[ad_1] Wells Fargo is keeping to its multiyear digital transformation path and planning further investments in its online platforms in 2023. WHY IT MATTERS: Since 2020,...
[ad_1] Despite the layoffs across the finance industry, there were no signs of a staffing pullback in JPMorgan Chase & Co’s or Bank of America Corp.’s...
[ad_1] JPMorgan Chase reported increased revenue and mobile usership in the fourth quarter of 2022 despite a year-over-year decrease in tech spend. WHY IT MATTERS: The...
[ad_1] Bank of America continued to invest in technology and people during its fourth quarter amid global economic uncertainty. WHY IT MATTERS: The $3 trillion bank’s...
[ad_1] Bank of Montreal (BMO) is looking to modernize its technology stack by investing in cloud architecture and tech talent. WHY IT MATTERS: The $805 billion...
[ad_1] TD Bank reported an increase in technology and employee-related expenses to meet growth within its digital channels during the bank’s fourth-quarter earnings call on Thursday. ...
[ad_1] National Bank of Canada (NBC) is set to continue its digital innovation strategy through hiring technology-focused talent. “We will continue to invest in our people,...
[ad_1] Royal Bank of Canada’s (RBC) fourth-quarter expenses were up year over year, driven by its focus on digitalization and growth in digital usership. WHY IT...