Bank IT Spending – Use These Metrics to Improve Performance
South State Correspondent
JANUARY 30, 2024
Banks are under pressure to find ways to increase earnings against a backdrop of slower increases in earning assets and quickly rising deposit and credit costs. As such, bank budgets have come under scrutiny. We recently conducted a small sample poll, and out of 21 banks, budgets were down an average of 14% for this year.
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