Big banks have shown recently that they are not afraid to spend on technology in order to better set themselves up for the long term; however American Banker reports that investors are going to be increasingly skeptical of the spending; banks are both trying to better compete against tech firms like Google and Amazon but also the larger fintechs; even as the economy recovered since the financial crisis bank stocks have lagged; Oliver Wyman shares numerous data points which show investors’ perspective on banks including that 25% of polled investors are confident that banks’ digital transformation strategies will be effective; one of the other issues that banks face is that they track their investments into technology poorly. American Banker
