What Banks are Spending Money on in 2022

Posted by Hayley Haynes on May 10, 2022 9:26:14 AM

In an effort to stay competitive U.S. banks are budgeting big money on tech updates in 2022! Business man in suit looking at cloud with falling money and sun

JP Morgan Chase recently announced plans to spend most of its new project budget – a number close to $15 billion – on tech plans as a necessary means to meet customer expectations and compete with other banks and fintechs who are making innovative use of tech. 

So exactly what type of technology are these dollars being spent on? 

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Topics: payments fraud, insurance, risk, social engineering fraud, banks

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