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Banks prioritize tech spend in Q1

AI investments, mobile usership up

Whitney McDonaldbyWhitney McDonald
April 27, 2023
in All Posts
Reading Time: 2 mins read
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Tech spend remained strong overall in the first quarter as the industry prepped for an economic downturn, and turbulence swept the banking world amid the collapse of Silicon Valley Bank and Signature Bank. The $132 billion Discover Financial Services increased its technology and consulting expenses 31% year-over-year in Q1 to $232 million, according to the […]

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Tags: Discover Financial ServicesearningsKeyBankPremiumtech spendWells Fargo
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