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…

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