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: bank 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. Digital transactions account ...
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 ...
Scotiabank’s active mobile users increase 13% YoY
Digital adoption continues to rise at Scotiabank, with active mobile users increasing 13% year over year and the percentage of ...
