Citigroup touts 5,500 more tech workers, increased tech spend in 2021
Citigroup added 5,500 technology workers and increased its tech spend 10% to about $10 billion in 2021. The $2.9 trillion ...
Tag: earnings
JPMorgan Chase will increase tech spend by $2.4B in 2022
JP Morgan Chase, the largest bank in the U.S., today revealed it will increase by 20% the $12 billion it ...
UiPath reports 50% revenue growth to $220.8M
Robotic process automation (RPA) vendor UiPath saw revenue skyrocket in Q3 to $220.8 million, a 50% year-over-year increase. The company ...
nCino reports 29% YOY revenue growth
Cloud banking and loan automation company nCino last week reported third-quarter revenues of $70 million, a 29% year-over-year increase, credited ...
BMO: Digital adoption climbs to 61% in Canada, 52% in US
The Bank of Montreal (BMO) reported its digital self-serve transactions reached 91.8% in 2021, compared with 89.8% in 2021. Digital ...
CIBC cites digital, cloud as key to 7% YOY growth
Canadian Imperial Bank of Commerce (CIBC) credits digital investments and a cloud-first strategy with its 2021 growth, which saw adjusted ...
RBC sees 50% leap in digital financial advisory tool use
The Royal Bank of Canada (RBC) saw a 50% year-over-year spike in usage of its digital financial advisory tool for ...
National Bank of Canada looks to fintech, open banking in Q4 earnings
A focus on fintech innovation, open banking attainability, and year-over-year indicator growth marked Wednesday’s Q4 earnings call for the National ...
Scotiabank’s growing digital engagement, process automation led to branch, staff reductions
Accelerated customer adoption of digital channels and internal processes automation at Scotiabank this year led to an increase in efficiencies, ...
Upstart reports 348% growth in Q3 loan originations
Artificial intelligence (AI)-based lending platform Upstart reported triple-digit growth and profits during Tuesday’s third-quarter earnings call, with auto loans growing ...
