Four Canadian banks will spend $1.3 billion to merge technology stacks in 2024

Royal Bank, TD Bank, National Bank of Canada and Scotiabank will spend nearly C$1.8 billion ($1.3 billion) in 2024 to integrate technology stacks from recent acquisitions with their existing technology stacks, according to each bank’s revenue. stated in the report. Integrating technology stacks is capital-intensive and complex, often compared to “high-risk brain surgery.” (…)