Shareholders Have Concerns Over Bank Spending on Technology

Big banks have shown recently that they are not afraid to spend on technology in order to better set themselves up for the long term; however American Banker reports that investors are going to be increasingly skeptical of the spending; banks are both trying to better compete against tech firms like Google and Amazon but also the larger fintechs; even as the economy recovered since the financial crisis bank stocks have lagged; Oliver Wyman shares numerous data points which show investors’ perspective on banks including that 25% of polled investors are confident that banks’ digital transformation strategies will be effective; one of the other issues that banks face is that they track their investments into technology poorly. American Banker

  • With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!