HSBC tech spend climbs to $6B in 2021
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HSBC plans to boost its technology spend to 21% of its operating expenses by 2025 as the bank experiences increased digital usage across its banking channels. “We’ve continued to invest heavily in technology, spending around $6 billion in 2021, which is equivalent to 19% of our adjusted operating expenses,” HSBC Group Chief Financial Officer Ewen […]
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