Banks spend $1 trillion on digital, but few reap the rewards

A NEW REPORT found that banks that had a
A NEW REPORT found that banks that had a "digital focused" banking strategy had stronger return on equity. / BLOOMBERG NEWS FILE/AARON M. SPRECHER
NEW YORK – While global banks have been pouring money into information technology - to the tune of $1 trillion over three years - only a handful appear to be fully committed to a digital transformation and are therefore reaping the benefits, according to an Accenture PLC study. Just 19 of the 161 largest retail…

Want More?

Subscribe or register with Providence Business News to keep reading.

REGISTER
for 2 more stories

Subscribe now for $1 for 4 weeks
Already a Subscriber? Login now

Purchase NowWant to share this story? Click Here to purchase a link that allows anyone to read it on any device whether or not they are a subscriber.

- Advertisement -

No posts to display