Wednesday, December 11, 2024
HomeBank4 Canadian banks spent $1.3B on tech stack mergers in 2024

4 Canadian banks spent $1.3B on tech stack mergers in 2024

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Royal Financial institution of Canada, TD Financial institution, Nationwide Financial institution Canada and Scotiabank spent near CA$1.8 billion ($1.3 billion) integrating the tech stacks of their latest acquisitions with their present tech stack in 2024, in accordance with the banks’ earnings studies.  Merging tech stacks is capital intensive and sophisticated, and is commonly in comparison with “high-risk mind surgical procedure,” […]



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