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 ...
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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 ...
Goldman Sachs’ tech and communications spend climbs 13% YoY
Goldman Sachs spent $424 million on technology and communications during the first quarter, a 13% year-over-year increase and 1% decrease ...
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 ...
Fintech Funding: Banks make bank
The big money in funding this week went to banks, with Ziraat Bank, a state-owned Turkish bank, securing a syndicated ...
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. Digital transactions account ...
Transactions: Challenger bank chooses Temenos cloud, Jack Henry wins at community bank
US challenger Battle Bank chooses Temenos banking cloud Battle Bank, a challenger bank set to launch later this year, announced ...
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 ...
