Citizens’ $148M Q1 tech spend is level YoY
First-quarter technology spend at Citizens remained constant year over year. The Providence, R.I.-based bank spent $148 million on equipment and ...
Tag: earnings
Truist reports 7M heritage clients converted to its new ecosystem
Truist reported a busy quarter, noting it completed its largest core bank conversion event in February and brought 7 million ...
Technology spend up 5% at State Street
State Street Bank spent $423 million on technology and communications in the first quarter, up 5% year over year but ...
Fifth Third’s tech spend reaches $101M in Q1, up 9% YoY
Fifth Third Bank’s tech spend in Q1 hit $101 million, a 9% year-over-year increase, and the bank offered insights into ...
Bank of America bumps up tech initiatives budget to $3.6B
Bank of America did not shy away from technology during its first-quarter earnings presentation today. Digital metrics were strong for ...
Wells Fargo adds 500K mobile customers in Q1
A rebuilt banking platform and focus on digital experience led to 500,000 new mobile customers in the first quarter for ...
Citi to spend $11B on tech in 2022
Citi plans to spend $11 billion on technology this year, an 11% year-over-year increase. “This year, we've budgeted approximately $11 ...
US Bank reports 80% of transactions and two-thirds of loan sales are digital
Digital activity and technology investments remain high at U.S. Bank despite a dip in year-over-year technology spending. Image via U.S. ...
JPMorgan touts blockchain and real-time for wholesale payments
Banking giant JPMorgan Chase held its first-quarter earnings call Wednesday, with bank executives outlining plans for continued blockchain and payment ...
Wells Fargo expands use of nCino platform to consumer and small business banking
Wells Fargo will leverage nCino’s digital banking platform in its consumer and small business banking division, the vendor revealed during ...
