Banking
Bank of America spending $12B on technology annually
[ad_1] Bank of America is investing in technology initiatives as automation and digitalization remain priorities. The $3.2 trillion bank spends $12 billion annually on…
Tag: tech spend
Banking
3 themes to watch at BAS U.S. 2024 | Bank Automation News
[ad_1] NASHVILLE — Bank Automation Summit U.S. 2024 kicks off today with panelists from BankUnited, Fifth Third Bank and Wells Fargo taking the stage…
Banking
Podcast: Citizens approach to new tech | Bank Automation News
[ad_1] The best new products are created with an abundance of identified use cases, Jo Wyper, executive vice president and head of operations at…
Banking
FIs trim headcount, tech spend up | Bank Automation News
[ad_1] Major U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not necessarily on tech…
Banking
Fifth Third to up tech investment in 2024 | Bank Automation News
[ad_1] Fifth Third Bank expects to increase noninterest expenses slightly in 2024 as technology investment ticks up at the bank. Noninterest expenses in the…
Banking
PNC to spend $425M on improvement plan in 2024 | Bank Automation News
[ad_1] PNC Financial plans to spend $425 million this year on its ongoing improvement plan, which funds business and technology investments. As the Pittsburgh-based…
Banking
BNY Mellon spent $3.8B on tech in 2023 | Bank Automation News
[ad_1] BNY Mellon’s technology spend accounted for nearly 30% of noninterest expenses in 2023 as the bank embraced new technology during the year. The…
Banking
JPMorgan Chase grows tech spend, headcount in Q4 | Bank Automation News
[ad_1] JPMorgan Chase increased technology spend during the fourth quarter of 2023 as all lines of business across the bank invested in new products,…
Banking
BofA to spend $3.8B on tech in 2024 | Bank Automation News
[ad_1] Bank of America expects to spend $3.8 billion on technology development in 2024 as its overall spending increases due to investment in people,…
Banking
Wells Fargo exec to speak at Bank Automation Summit U.S. 2024 | Bank Automation News
[ad_1] Steve Hagerman, chief information officer of consumer technology at Wells Fargo, will join the panel discussion “The AI revolution in banking: A road…
Banking
KeyBank ups tech spend by $12M | Bank Automation News
[ad_1] KeyBank remained focused on expense management and improving its technology to stay competitive in the third quarter. The Cleveland-based bank’s noninterest expense increased…
Banking
European H1 earnings round up | Bank Automation News
[ad_1] Banco Santander, Deutsche Bank and Lloyds Bank prioritized efficiency in the first half of the year by leaning into technology. Banco Santander continued…
Banking
U.S. Bank Increases Tech Spend 25% | Bank Automation News
[ad_1] U.S. Bank focused on completing its integration of Union Bank in the second quarter, after acquiring the New York-based bank in December. The…
Banking
Deposits fall as Wells Fargo focuses on tech | Bank Automation News
[ad_1] Wells Fargo Chief Financial Officer Mike Santomassimo fielded criticism over stagnating consumer deposits Tuesday during Morgan Stanley’s US Financials, Payments and CRE Conference,…
Banking
TD Bank unveils redesigned mobile app | Bank Automation News
[ad_1] TD Bank is redesigning its mobile banking app to create an easier and more connected user experience as mobile banking demand grows, Head…
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National Bank of Canada ups tech spend 10% YoY in Q2 | Bank Automation News
[ad_1] National Bank of Canada was selective in expense management in the second quarter, specifically in areas of headcount, technology investment and discretionary spending.…
Banking
TD Bank invests in tech, personnel | Bank Automation News
[ad_1] TD Bank invested in operations and innovation in the second quarter as technology and personnel expenses increased. During Q2, the $1.4 trillion…
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TD Bank invests in credit card solutions, digital experiences | Bank Automation News
[ad_1] TD Bank is investing in its digital experience as the bank upped tech spend in the first quarter and launched two new credit…
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PNC rebuilding tech stack to add flexibility | Bank Automation News
[ad_1] PNC is rebuilding its technology stack to be more modern and flexible, Michael Degnan, head of enterprise innovation at PNC, said Wednesday at…
Banking
Progressive banks prioritize AI, cloud | Bank Automation News
[ad_1] Financial institutions continue to prioritize technology and innovation in 2023 as operational efficiency and client experience remain a priority amid uncertain economic times.…