What to read today: US Banking Tech Spend Forecast: Insider Intelligence explores underlying factors we expect to impact on US banks' IT/tech spending through the entire forecast period, including cybersecurity spending, IT infrastructure maintenance, and economic slowdown; factors specific to each expected phase of the pandemic; and finally factors unique to each of the nine banks included in this forecast..
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| | | | | Truist spends big on unified digital platforms post BB&T-SunTrust merger. | Truist's Q4 2020 earnings included an adjusted net income of $1.6 billion. Like other large banks, its provision for credit losses fell as perceived risks from the pandemic ebbed, boosting its Q4 profit.
The ongoing effects of the December 2019 BB&T and SunTrust merger that created Truist remain front and center, as the company integrates legacy staff and infrastructure.
And unifying the digital customer experience is a major focus of Truist's tech efforts.
Insider Intelligence's Tyler Brown has the full story. | | | | | | | | | | | | | | | | | | | | | | | | | | | | US Banking Tech Spend Forecast | | Insider Intelligence explores underlying factors we expect to impact on US banks' IT/tech spending through the entire forecast period, including cybersecurity spending, IT infrastructure maintenance, and economic slowdown; factors specific to each expected phase of the pandemic; and finally factors unique to each of the nine banks included in this forecast. | | Get the full report → |
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| | | | The Payments Ecosystem | | Insider Intelligence examines the payments ecosystem today, as well as the pandemic’s impact on growth drivers and the industry’s future. The report traces the path of in-store and online payments from processing to settlement across key stakeholders. | | Get the full report → |
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| | | | The Evolution of Digital Stock Trading | | Insider Intelligence explains how startups sparked change in the stock trading industry; gives an overview of the key players in the stock market today, and where startups like Robinhood fit in; examines how the increasing appetite for self-directed investing is creating a growing market opportunity for startups and incumbent trading platforms; discusses the features that distinguish startups from older trading platforms; and explores other new entrants fighting for a slice of this market. | | Get the full report → |
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