A high-stakes legal battle, pitting Charlotte-based bank Truist against three of its former top mortgage executives, is accelerating toward a decision in North Carolina Business Court. At the…
Read more Truist lawsuit over ‘predatory raid’ by former executives escalates in NC courtTruist Financial is seeing increased mobile banking adoption among its customers as it prioritizes personalized experiences. “You hear people talk ‘digital first,’ [but] I would actually argue it’s…
Read more 75% of Truist customers’ primary access is mobile appMajor banks in the United States are increasing tech investment for added efficiencies and frictionless digital experiences — which has become the consumer’s expectation since the pandemic. There…
Read more How CFOs approach tech spend | Bank Automation NewsTruist Bank expects to continue investing in technology to save money as it restructures. “We continue to see improvements in productivity due to investments in technology,” Chief Executive…
Read more Truist invests in tech for cost-savings|Bank Automation NewsTruist Financial is simplifying its operations through ongoing restructuring efforts, affecting headcount, footprint and innovation. Costs associated with the restructuring are expected to reach $225 million, or more…
Read more Truist restructuring costs ∼ $225M | Bank Automation NewsTruist Financial continues its effort to save $750 million as the bank prioritizes efficiency and eliminates redundancies. The savings are to be addressed by: $300 million in reductions,…
Read more Truist reduces costs for efficiency | Bank Automation NewsTotal credit card debt has surpassed $1 trillion for the first time ever this year, with total household debt reaching $17 trillion, according to a report from the…
Read more Gamification for financial wellness | Bank Automation NewsTruist 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 10.7% quarter over…
Read more Truist tech expenses jump to $237M | Bank Automation News
