TD’s tech spend up 18% YoY to $458M
BankInovation
DECEMBER 1, 2023
TD Bank is investing in technology to drive efficiency, reduce costs, and restructure operations with AI efforts at the forefront. The Toronto-based bank’s total technology and equipment expenses were CA$620 million ($458 million), up 18% year over year, according to its fiscal fourth-quarter (ending Oct. 31) earnings report.
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