KeyBank’s computer processing spend spikes 17%
Bank continues cloud migration in Q3
KeyBank’s cloud migration costs contributed to increased computer processing spend despite total noninterest expense slightly declining in the third quarter. The $187 billion bank’s total noninterest expense, which includes computer processing, fell 1.4% year over year to $1.1 billion, according to the bank’s Oct. 17 Q3 earnings release. Computer processing costs, however, increased $15 million […]
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