Bank of America ups tech spend $400M YoY amid AI boom
Bank of America expects to increase technology development spend by nearly 12% year over year as the race for generative...
Banking
BNY Mellon reiterates commitment to its startup accelerator
BNY Mellon looks to startups to address internal and client-facing technology challenges throughout the bank. The $31.9 million bank communicates...
Planned layoffs have quadrupled so far this year in the US
US companies have announced more job cuts this year than during all of 2022, according to executive coaching firm Challenger,...
National Bank of Canada ups tech spend 10% YoY in Q2
National Bank of Canada was selective in expense management in the second quarter, specifically in areas of headcount, technology investment...
Fintech Brex’s revenue surges after regional bank turmoil
Brex, a credit-card startup, has seen a surge in usage of its products following this year’s regional banking turmoil. The...
Podcast: Moving to a modern, seamless tech stack
Clients are used to having fragmented experiences across their banking relationships, whether it’s their credit card, debit card, auto loan...
TD Bank invests in tech, personnel
TD Bank invested in operations and innovation in the second quarter as technology and personnel expenses increased. During Q2, the...
RBC looks to improve CX; Q2 spending up 22%
Royal Bank of Canada’s discretionary and tech-related expenses increased by 22% for the second consecutive quarter as the bank looks...
Community banks balance tech, human aid
SAN FRANCISCO — Community banks are looking to technology to support human interactions rather than replacing them. Photo by Joey...
Scotiabank tech spend rises 13% YoY in Q2
Scotiabank invested in technology in the second quarter driven by project-related costs and software and licensing expenses. The Canadian bank’s...
