KeyBank increases technology spending by 10% in 2025

KeyCorp, the $187 billion parent company of KeyBank, has made technology initiatives an investment priority and expects spending to increase in 2025. The bank plans to spend $900 million on technology this year, a 10% increase from 2024, CEO Chris Gorman said today on the company’s fourth-quarter earnings call. KeyCorp spends an average of $800 million (…)