article thumbnail

Citizens Bank to go all in on cloud by 2025

BankInovation

Citizens Bank plans to take its banking operations to the cloud by 2025. “We are going to exit all of our data centers that we own today,” Chief Information Officer Michael Ruttledge said Tuesday at Fintech Connect North America in New York. “We We started with seven (data centers) and now we are down to five […]

article thumbnail

The Cost of Inaction: Three Reasons to Modernize Your Core Banking Platform

Jack Henry

Improve your banking operations strategy with core modernization. Discover how your financial institution can compete more effectively in 2024 and 2025.

Strategy 109
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Retailers Could Turn Smart Vending Into A $15B Market By 2025

PYMNTS

In the unattended retail space, vending operators are also becoming more aware of the shifting behaviors of their shoppers and the need for swift and digital payment options. The estimated value of the global intelligent vending machine market by 2025 is $15 billion. And digital disruptors are putting a new spin on vending machines.

Retail 177
article thumbnail

Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

South African regulators also approved Goldman Sachs for a bank operation license as the firm strives for growth in the most liquid and sophisticated economy on the continent. Africa’s eCommerce volume is expected to reach $75 billion by 2025, and economic output in FinTech is anticipated to add $150 billion by 2022 to its GDP.

article thumbnail

Budget Playbook for Commercial Lenders — Bank and Credit Union Edition

With fluctuating interest rates and rising competition from non-bank lenders, it's critical to allocate your 2025 budget strategically to optimize lending operations. Amid market uncertainty, banks and credit unions are faced with critical decisions about the future of their commercial lending.

article thumbnail

KeyBank spends $800M on tech annually

BankInovation

KeyBank spends $800 million annually on technology and expects expenses to grow in 2025 as it continues to invest in overall operations. “The reason we’ve been able to invest is we took $400 million of expenses out last year just for the purpose of being able to invest in people and technology and the […]

article thumbnail

Best Buy Aims For $50B Revenue By Fiscal 2025

PYMNTS

Ahead of its investors meeting, Best Buy said it is looking for revenue of $50 billion by fiscal 2025. We also believe the initiatives we will outline today, along with a continued focus on cost reductions, will result in operating income rate expansion over the five-year timeframe.”. billion to $43.6

Meeting 101