4 Canadian banks spent $1.3B on tech stack mergers in 2024
RBC spent $1B on tech integration of HSBC Canada
Royal Bank of Canada, TD Bank, National Bank Canada and Scotiabank spent close to CA$1.8 billion ($1.3 billion) integrating the tech stacks of their recent acquisitions with their existing tech stack in 2024, according to the banks’ earnings reports. Merging tech stacks is capital intensive and complex, and is often compared to “high-risk brain surgery,” […]
