Lessons from earnings week: Tech spend up at big banks, regional players
Big banks and regional financial institutions released their first-quarter earnings this month, showing sizable increases in tech spend and significant ...
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Core banking system modernization: The whys, do’s, and don’ts
Over the past few years, financial institutions have become seemingly obsessed with system modernization and digitization, as they partner with ...
Inside Look: BankSouth adopts conversational AI chatbot
Virtual assistants have been primarily the domain of large banks until now, thanks in part to offerings made through core ...
Fintech Funding: QuadFi secures $100M for alternative digital lending
Canadian digital lender QuadFi has raised $100 million in debt financing, the fintech announced Wednesday. QuadFi, founded in 2015, uses ...
Listen: Potential pitfalls of cloud migration, and how to overcome them
Banks undoubtedly face challenges when transitioning to the cloud, including monolithic applications, a lack of resources, and legacy processes and ...
Earnings Roundup: Tech spend at First Republic Bank jumps 27% YoY
Tech spend is on the rise at regional banks as smaller institutions look to differentiate themselves in a crowded digital ...
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 ...
US M&A banking boom sheds new light on need for digital transformation
Whether it’s People’s United Financial merging with M&T Bank, PNC acquiring BBVA, or BMO buying Bank of the West from ...
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 ...
