RBC Plans $3.2b in Tech Spending, Targeting Client Acquisition

[kreslik.news]

Banks have increasingly been pushing an emphasis on new technology over the past few years. The desire to harness digital banking services over legacy systems has been central to most strategies. This includes the Royal Bank of Canada (RBC), which rolled out plans to spend upwards of $3.2 billion on tech spending this year alone.

2018 has seen a closer blend of banking and fintech than ever before. Recent years have seen lofty research projects, new units being formed, and the adoption of blockchain and other technologies. The eventual goal: a changeover to digital banking services. This has indeed been the ... (read more)