Last year, COVID-19 forced banking leaders to dramatically accelerate their adoption of technology while simultaneously learning how to respond to the changing needs of their customers. This year, the community banking market still feels the pressure to innovate, and remains focused on prioritizing technology investments due to a residual global pandemic and rising competitive pressures.
To gain a better understanding of today’s technology landscape and how banks intend to leverage their planned tech investments, Bank Director surveyed 122 independent directors, chief executives, chief operating officers and senior technology executives of U.S. banks below $100 billion in assets.
Chief among the findings in Bank Director’s 2021 Technology Survey was that banks across the US have increased their technology spend by a median of 10 percent over the last year.
On Tuesday, September 28th at 3 PM ET, Bank Director Vice President of Research Emily McCormick will join our Insights team to lead a discussion on why community bank leaders are accelerating tech investments and viewing fintech as an opportunity rather than a threat. With over 11 years of experience in researching topics relevant to bank leaders, Emily is ready to share insights on pressing questions, including:
- What portion of budgets are being invested in technology?
- Why are community banks increasing their technology budgets?
- What are these budgets being invested in?
- Ultimately, what business goals are they trying to achieve?
Join this Insights Session on Bank Director’s 2021 Technology Survey, and learn how financial institutions are prioritizing technology to drive their strategic plans, by registering today.