Bank of America is investing in technology initiatives as automation and digitalization remain priorities. The $3.2 trillion bank spends $12 billion annually on technology, a Bank of America…
Read more Bank of America spending $12B on technology annuallyNASHVILLE — Bank Automation Summit U.S. 2024 kicks off today with panelists from BankUnited, Fifth Third Bank and Wells Fargo taking the stage to discuss today’s AI revolution…
Read more 3 themes to watch at BAS U.S. 2024 | Bank Automation NewsThe best new products are created with an abundance of identified use cases, Jo Wyper, executive vice president and head of operations at Citizens Commercial Bank, tells Bank…
Read more Podcast: Citizens approach to new tech | Bank Automation NewsMajor U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not necessarily on tech spend as digital banking usership…
Read more FIs trim headcount, tech spend up | Bank Automation NewsFifth Third Bank expects to increase noninterest expenses slightly in 2024 as technology investment ticks up at the bank. Noninterest expenses in the fourth quarter fell 7% year…
Read more Fifth Third to up tech investment in 2024 | Bank Automation NewsPNC Financial plans to spend $425 million this year on its ongoing improvement plan, which funds business and technology investments. As the Pittsburgh-based bank looks to continue to…
Read more PNC to spend $425M on improvement plan in 2024 | Bank Automation NewsBNY Mellon’s technology spend accounted for nearly 30% of noninterest expenses in 2023 as the bank embraced new technology during the year. The bank spent $3.8 billion on…
Read more BNY Mellon spent $3.8B on tech in 2023 | Bank Automation NewsJPMorgan Chase increased technology spend during the fourth quarter of 2023 as all lines of business across the bank invested in new products, features, customer platforms and overall…
Read more JPMorgan Chase grows tech spend, headcount in Q4 | Bank Automation NewsBank 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…
Read more BofA to spend $3.8B on tech in 2024 | Bank Automation NewsSteve Hagerman, chief information officer of consumer technology at Wells Fargo, will join the panel discussion “The AI revolution in banking: A road map for the future” at…
Read more Wells Fargo exec to speak at Bank Automation Summit U.S. 2024 | Bank Automation NewsKeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased to $1.1 billion in the…
Read more KeyBank ups tech spend by $12M | Bank Automation NewsBanco Santander, Deutsche Bank and Lloyds Bank prioritized efficiency in the first half of the year by leaning into technology. Banco Santander continued to implement its One Transformation…
Read more European H1 earnings round up | Bank Automation NewsU.S. Bank focused on completing its integration of Union Bank in the second quarter, after acquiring the New York-based bank in December. The $590 billion U.S. Bank gained…
Read more U.S. Bank Increases Tech Spend 25% | Bank Automation NewsWells Fargo Chief Financial Officer Mike Santomassimo fielded criticism over stagnating consumer deposits Tuesday during Morgan Stanley’s US Financials, Payments and CRE Conference, and highlighted Wells’ digital infrastructure…
Read more Deposits fall as Wells Fargo focuses on tech | Bank Automation NewsTD Bank is redesigning its mobile banking app to create an easier and more connected user experience as mobile banking demand grows, Head of Canadian Personal Banking at…
Read more TD Bank unveils redesigned mobile app | Bank Automation NewsNational Bank of Canada was selective in expense management in the second quarter, specifically in areas of headcount, technology investment and discretionary spending. In Q2, the bank’s tech…
Read more National Bank of Canada ups tech spend 10% YoY in Q2 | Bank Automation NewsTD Bank invested in operations and innovation in the second quarter as technology and personnel expenses increased. During Q2, the $1.4 trillion bank’s expenses increased 16% year…
Read more TD Bank invests in tech, personnel | Bank Automation NewsTD Bank is investing in its digital experience as the bank upped tech spend in the first quarter and launched two new credit cards in May. The Cherry…
Read more TD Bank invests in credit card solutions, digital experiences | Bank Automation NewsPNC is rebuilding its technology stack to be more modern and flexible, Michael Degnan, head of enterprise innovation at PNC, said Wednesday at Fintech Nexus in New York.…
Read more PNC rebuilding tech stack to add flexibility | Bank Automation NewsFinancial institutions continue to prioritize technology and innovation in 2023 as operational efficiency and client experience remain a priority amid uncertain economic times. In a report earlier this…
Read more Progressive banks prioritize AI, cloud | Bank Automation News
