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: bank 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 ...
Fifth Third takes ‘head-to-head’ approach with fintechs, big banks
As it undergoes a core upgrade, builds on its digital banking services and continues to increase technology spend, Fifth Third ...
PNC cuts nearly 600 apps for BBVA conversion
PNC cut nearly 600 apps during its $11.5 billion acquisition of BBVA, which closed in June. That’s roughly one app ...
State Street sees CRD tech acquisition pay off with 22% YOY revenue growth
State Street saw 22% year-over-year growth in revenue from deployments of Charles River Development (CRD), a front-office software firm it ...
Truist sees significant growth across digital assets in Q3
Truist saw significant increases across its digital portfolio in the third quarter with 58% growth in Zelle use over the ...
Citi develops embedded finance services, adds 80 partner APIs
Citigroup’s digital strategy and focus on future partnerships led to a rise in technology spend in the third quarter. Citi’s ...
Wells Fargo, Bank of America and US Bancorp show growth in digital platforms
Wells Fargo, Bank of America and U.S. Bancorp all highlighted their digital growth and use of the payment platform Zelle ...
Tech spend down at JPMorgan Chase with shift to cloud
Technology spend in the third quarter was down slightly for JPMorgan Chase, despite the $3.7 trillion bank’s announcement last month ...
Technology spend plays role in RBC, BMO and Scotiabank Q3 expense rise
Three of Canada’s “Big Five” banks cited increased technology spend while providing insights into how they are each utilizing technology ...
