# Which large banks lead in technology?

Source: https://www.bankingnewsai.com/banks/leaders/technology
Last updated: Oct 15, 2026


Data as of Oct 6, 2026 · 140 banks profiled · 94 with evidence · 75 sources cited.

By what they disclose about technology, the large banks that lead are JPMorgan, BofA, Citi, Amex and Morgan Stanley: JPMorgan (about $19.8 billion technology expense outlook for 2026, up 10%); BofA ($14 billion a year, of which more than $4.1 billion for new initiatives including AI); Citi (2025 10-K line: Technology/communication: $9.4 billion); Amex ($5 billion a year on technology (CEO Stephen Squeri, January 2026)); Morgan Stanley (2025 10-K line: Information processing and communications: $4.4 billion). The first 8 rows are the banks with a comparable published technology figure, in the order of the technology-leaders guide; the rest have disclosed a technology, engineering or cloud number that cannot be compared with a budget. 46 profiled banks have disclosed no technology figure at all.

## How do the large banks rank on disclosed technology spending and scale?

Rows 1 to 8: the banks with a stated annual technology budget or a 2025 Form 10-K technology line, ranked by the larger of the two (the order of /banks/technology-leaders). Rows 9 onwards: banks with another disclosed technology number (headcount, cloud migration, core conversion, developer tooling), ordered by how many such numbers they have disclosed, then assets. The last column says which kind of figure the row rests on.

| # | Bank | Disclosed technology figure | Technologists, cloud or core | Flagship platform | Comparability | Status | Date | Sources |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | About $19.8 billion technology expense outlook for 2026, up 10%; $9.2 billion of it investments, about 25% AI-related; 2025 10-K line: Technology, communications and equipment: $11.0 billion | More than 63,000 technologists; public cloud named as an infrastructure cost driver | LLM Suite (generative AI for employees) | Comparable: stated budget or 10-K line | Disclosed figure | Jun 1, 2026 | [JPMorganChase 2026 Company Update, Form 8-K Exhibit 99.2 (SEC EDGAR)](https://www.sec.gov/Archives/edgar/data/19617/000162828026010693/firmoverview.htm); [JPMorgan Chase Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/19617/000162828026008131/jpm-20251231.htm); [American Banker, “#8 Lori Beer is turning JPMorganChase into an AI-native bank, and she's got $20 billion to do it”](https://www.americanbanker.com/news/chases-lori-beer-is-8-on-the-most-innovative-people-in-finance-ranking) |
| 2 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | $14 billion a year, of which more than $4.1 billion for new initiatives including AI; 2025 10-K line: Information processing and communications: $7.5 billion | About 60,000 technology employees worldwide | Erica (consumer and employee assistant); CashPro (corporate banking platform) | Comparable: stated budget or 10-K line | Disclosed figure | Oct 5, 2026 | [Bank of America, Fast Facts (newsroom; undated page, retrieved 2026-10-05)](https://newsroom.bankofamerica.com/content/newsroom/company-overview/bank-of-america-fast-facts.html); [Bank of America Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/70858/000007085826000157/bac-20251231.htm) |
| 3 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | 2025 10-K line: Technology/communication: $9.4 billion | Agentic AI used by more than 10,000 engineers, which Citi says remapped 30-plus years of legacy code in two days | Citi Stylus and Citi Assist (AI tools for employees) | Comparable: stated budget or 10-K line | Disclosed figure | Apr 14, 2026 | [Citigroup Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/831001/000083100126000011/c-20251231.htm); [Citigroup, Earnings Results Presentation, First Quarter 2026](https://www.citigroup.com/rcs/citigpa/storage/public/Earnings/Q12026/2026psqtr1rslt.pdf) |
| 4 | [Amex](https://www.bankingnewsai.com/banks/american-express) | $5 billion a year on technology (CEO Stephen Squeri, January 2026); 2025 10-K line: Not reported as a separate line | New third-generation data and analytics platform built on the public cloud; Amex expects to move all data and analytics processes to it by 2027 | The data and analytics platform; agentic-commerce tools for developers | Comparable: stated budget or 10-K line | Disclosed figure | Jan 30, 2026 | [Yahoo Finance (The Motley Fool), “American Express (AXP) Q4 2025 Earnings Call Transcript”](https://finance.yahoo.com/news/american-express-axp-q4-2025-152307902.html) |
| 5 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | 2025 10-K line: Information processing and communications: $4.4 billion | More than 23,000 technologists worldwide | AI @ Morgan Stanley Assistant and Debrief (adviser tools) | Comparable: stated budget or 10-K line | Disclosed figure | Oct 5, 2026 | [Morgan Stanley Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/895421/000089542126000086/ms-20251231.htm); [Morgan Stanley, Technology (undated page, retrieved 2026-10-05)](https://www.morganstanley.com/about-us/technology) |
| 6 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | 2025 10-K line: Communications and technology: $2.2 billion | Not disclosed in the sources cited here | GS AI Platform and GS AI Assistant (employees) | Comparable: stated budget or 10-K line | Disclosed figure | Feb 25, 2026 | [Goldman Sachs Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/886982/000088698226000091/gs-20251231.htm) |
| 7 | [State Street](https://www.bankingnewsai.com/banks/state-street) | 2025 10-K line: Information systems and communications: $2.1 billion, up 14% on 2024 | Not disclosed in the sources cited here | State Street Alpha | Comparable: stated budget or 10-K line | Disclosed figure | Feb 19, 2026 | [State Street Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/93751/000009375126000124/stt-20251231.htm) |
| 8 | [Capital One](https://www.bankingnewsai.com/banks/capital-one) | 2025 10-K line: Communications and data processing: $1.8 billion | All in on the public cloud; says it closed its last data center in 2021 | Eno (customer assistant); Chat Concierge (multi-agent assistant for car dealers) | Comparable: stated budget or 10-K line | Disclosed figure | Oct 5, 2026 | [Capital One Form 10-K for 2025 (U.S. Securities and Exchange Commission (EDGAR))](https://www.sec.gov/Archives/edgar/data/927628/000092762826000024/cof-20251231.htm); [Capital One, “Capital One's tech stack” (undated page, retrieved 2026-10-05)](https://www.capitalone.com/tech/our-stack/) |
| 9 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | Private Bank AI-enabled operating model, run-rate savings by 2028 / cumulative technology spend: €300m / about €600m (Nov 17, 2025); Private Bank targets: KYC manual handling time / mortgage handling time / core platforms / inquiries AI-assisted: -30% / -60% / 15 to 2 / more than 80% (Nov 17, 2025) | Agentic resilience platform for DORA exercises (Aug 18, 2026) | dbLumina and the Technology, Data and Innovation AI platform on Google Cloud | Not comparable: scale or programme figure, no budget | Disclosed figure | Aug 18, 2026 | [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf); [Deutsche Bank AG (SEC filings)](https://www.sec.gov/Archives/edgar/data/1159508/000115950826000017/db-20251231.htm); [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf) |
| 10 | [Citizens](https://www.bankingnewsai.com/banks/citizens) | Engineering output: +10% overall; +55% with advanced agents (Jun 1, 2026); Developers with coding agents: ≈ 800 (half) (Nov 20, 2025) | The mainframe goes: CIO's cloud-first claim (Jun 1, 2026) | CiZi and the cloud-native core | Not comparable: scale or programme figure, no budget | Disclosed figure | Sep 29, 2026 | [American Banker](https://www.americanbanker.com/news/citizen-financials-michael-ruttledge-is-43-on-the-most-innovative-people-in-finance-ranking); [American Banker](https://www.americanbanker.com/news/how-citi-citizens-td-deploy-ai-agents-without-upsetting-humans); [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/citizens-financial-group-inc-q1-164633929.html) |
| 11 | [Deutsche Bank (U.S.)](https://www.bankingnewsai.com/banks/deutsche-bank-us) | Cumulative technology spend to 2028 (Private Bank): ≈ €600 million for €300 million run-rate savings (Nov 17, 2025); Core banking platforms: 15 → 2 (Nov 17, 2025) | Investor Deep Dive sets 2028 AI targets (Nov 17, 2025) | Group AI programme (2025–2028 targets) and the Corporate Bank credit process | Not comparable: scale or programme figure, no budget | Disclosed figure | Jul 14, 2026 | [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Presentation-Private-Bank-Claudio-de-Sanctis.pdf); [Deutsche Bank](https://investor-relations.db.com/files/documents/other-presentations-and-events/2025/IDD-2025-Q&A-Transcript.pdf); [Deutsche Bank AG (SEC filings)](https://www.sec.gov/Archives/edgar/data/1159508/000115950826000017/db-20251231.htm) |
| 12 | [M&T](https://www.bankingnewsai.com/banks/mt-bank) | Technologists to hire (Tech Hub plan): 1,000+ over three to five years (Apr 28, 2021); Technology spending: > $1.2 billion in 2025 (nearly 3x 2017) (Dec 31, 2025) | Amperity chosen for a unified customer view (Aug 5, 2025) | Microsoft Copilot on a data-lineage foundation | Not comparable: scale or programme figure, no budget | Disclosed figure | Sep 4, 2026 | [M&T Bank](https://newsroom.mtb.com/2021-04-28-M-T-Bank-Unveils-Buffalo-Tech-Hub,-Designed-to-Create-Over-1,000-Jobs,-Accelerate-Startup-Growth-and-Attract-Talent-to-the-Region); [AI News](https://www.artificialintelligence-news.com/news/mt-bank-enterprise-ai-15000-employees/); [Forbes](https://www.forbes.com/sites/peterhigh/2026/08/28/how-mt-bank-built-a-technology-powerhouse-in-buffalo/) |
| 13 | [Popular](https://www.bankingnewsai.com/banks/popular) | Technology and software expenses, full year 2025: $341.6 million (2024: $329.1 million; 2023: $290.6 million) (Dec 31, 2025); Increase in 2025 technology and software expenses tied to cloud infrastructure: $12.5 million (Dec 31, 2025) | Q2 2026 Form 10-Q: technology and software expenses $91.0 million (Aug 7, 2026) | none named | Not comparable: scale or programme figure, no budget | Disclosed figure | Aug 7, 2026 | [Popular, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/763901/000119312526085756/d17859d10k.htm); [Popular, Inc. (SEC filings)](https://www.sec.gov/Archives/edgar/data/763901/000076390126000019/bpop-20260630.htm); [Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BPOPO/earnings/BPOPO-Q3-2025-earnings_call-366225.html) |
| 14 | [HSBC](https://www.bankingnewsai.com/banks/hsbc) | Colleagues with a gen-AI productivity tool: c.85%; 31,000 engineers with an AI coding assistant (Feb 25, 2026); Colleagues rolled out to / engineers enabled (CEO, April 2026): 170,000 / 30,000 (Apr 1, 2026) | Multi-year partnership with Google Cloud and DeepMind (Jun 17, 2026) | HSBC Productivity Suite and the central AI platform | Not comparable: scale or programme figure, no budget | Disclosed figure | Aug 4, 2026 | [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-results-2025-presentation-to-investors-and-analysts.pdf); [HSBC Holdings plc](https://www.hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260226-annual-results-to-investors-and-analysts-transcript.pdf); [HSBC Holdings plc](https://hsbc.com/-/files/hsbc/news-and-insight/2026/pdf/260402-video-transcript-on-the-future-of-hsbc-and-ai.pdf) |
| 15 | [Banc of California](https://www.bankingnewsai.com/banks/banc-of-california) | Developers using AI in daily workflows: More than 80% (Apr 23, 2026); Technology loans on an AI-disruption high-risk watch list: A little over $4 million of roughly $450 million (Apr 23, 2026) | no cloud or core move dated | BancEdge (formerly Deepstack) payments platform, SmartStreet | Not comparable: scale or programme figure, no budget | Disclosed figure | Aug 7, 2026 | [Yahoo Finance (Motley Fool transcript)](https://finance.yahoo.com/markets/stocks/articles/banc-california-banc-q1-2026-182536514.html); [SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1169770/000162828026012946/banc-20251231.htm); [SEC EDGAR](https://www.sec.gov/Archives/edgar/data/1169770/000162828026054876/banc-20260630.htm) |
| 16 | [Lloyds](https://www.bankingnewsai.com/banks/lloyds) | Engineers with GitHub Copilot: More than 10,000 (Jun 4, 2026); Technology and data specialists hired: Around 11,000 (Jul 30, 2026) | Envoy agent platform unveiled (May 1, 2026) | Envoy agent platform, Microsoft 365 E7 and the Group LLM platform | Not comparable: scale or programme figure, no budget | Disclosed figure | Oct 5, 2026 | [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/media/press-releases/2026-press-releases/lloyds-banking-group/microsoft-365-frontier-suite.pdf); [Lloyds Banking Group](https://lloydsbankinggroup.com/assets/pdfs/investors/financial-performance/lloyds-banking-group-plc/2026/q2/2026-lbg-hy-results.pdf); [Google Cloud](https://cloud.google.com/customers/lloydsbankinggroup) |
| 17 | [KeyBank](https://www.bankingnewsai.com/banks/keybank) | Technology and operations investment: ≈ $1 billion a year, up from an $800–900 million run rate (Jan 20, 2026); Planned 2026 technology budget: ≈ $1 billion, up ≈ $200 million from 2024 (Sep 25, 2026) | Chief Data and Analytics Officer on Google Cloud panel (Nov 16, 2025) | Conversational AI in the contact centre and 'cognitive banking' in the app | Not comparable: scale or programme figure, no budget | Disclosed figure | Sep 25, 2026 | [PYMNTS](https://www.pymnts.com/news/artificial-intelligence/2026/keybank-taps-conversational-ai-cut-call-center-costs/); [KeyCorp (SEC filings)](https://www.sec.gov/Archives/edgar/data/91576/000162828026063618/investormeetings-europes.htm); [American Banker](https://americanbanker.com/news/2025-the-most-powerful-women-in-banking-no-12-amy-brady-keybank) |
| 18 | [Flagstar](https://www.bankingnewsai.com/banks/flagstar) | Data centres consolidated: 6 → 2 colocation centres (Ashburn and Chicago), in about one year (Jun 30, 2026); Software expense, first half of 2026: $96 million, up 20% from $80 million (Q2 alone: $49 million) (Jun 30, 2026) | Two new data centres run as peers; eight outside firms on S2 (Jun 30, 2026) | Flagstar S2 Platform and StarIQ | Not comparable: scale or programme figure, no budget | Disclosed figure | Jun 30, 2026 | [American Banker](https://www.americanbanker.com/news/how-flagstar-bank-integrated-its-acquired-data-centers); [Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/flagstar-flg-q1-2026-earnings-140646732.html); [American Banker](https://www.americanbanker.com/leaders/the-ai-enabled-bank-reimagining-retail-banking-from-branch-to-mobile) |
| 19 | [Arvest](https://www.bankingnewsai.com/banks/arvest) | Cloud migration timeline: ≈ 2.5 years in; completion slated for 2027 (Sep 9, 2024); Targeted applications migrated to the cloud: 40% (Apr 4, 2025) | 40% of targeted apps in the cloud; AI Code Assist and Gemini under review (Apr 4, 2025) | Multi-year technology modernisation (cloud-native core, Google Cloud, Baker Hill UN/FY) | Not comparable: scale or programme figure, no budget | Disclosed figure | Apr 4, 2025 | [American Banker](https://www.americanbanker.com/news/are-banks-saving-money-as-they-migrate-to-the-cloud); [Bank Automation News](https://bankautomationnews.com/allposts/cloud/arvest-bank-moves-40-of-apps-to-cloud/); [CIO Dive](https://ciodive.com/news/Arvest-Bank-tech-modernization-transformation-leadership/701475) |
| 20 | [Fifth Third](https://www.bankingnewsai.com/banks/fifth-third) | AI in engineering: 45% prompt accepted rate for new code; > 87% of unit testing automated (Jun 30, 2026); Microsoft Copilot / GitHub Copilot users: ≈ 14,000 workers (≈ 5,000 daily) / ≈ 450 engineers (Dec 4, 2024) | no cloud or core move dated | Jeanie and the Newline MCP server | Not comparable: scale or programme figure, no budget | Disclosed figure | Jun 30, 2026 | [Motley Fool (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/fifth-third-fitb-q2-2026-002717146.html); [Fortune](https://fortune.com/2024/12/04/fifth-third-cio-ai-buy-rather-than-build/); [American Banker](https://www.americanbanker.com/news/fifth-thirds-cio-jude-schramm-is-28-on-the-most-innovative-people-in-finance-ranking) |
| 21 | [Valley](https://www.bankingnewsai.com/banks/valley) | Data-centre capacity moved to cloud: > 80% (Jun 1, 2026); Technology, furniture and equipment expense, Q1 2026: $31.9 million, up ≈ 7% (Apr 23, 2026) | COO ranked No. 47 for building an 'AI-ready bank' (Jun 1, 2026) | Cloud-first infrastructure, Valley's AI Assistant and tiered access | Not comparable: scale or programme figure, no budget | Disclosed figure | Jul 23, 2026 | [American Banker](https://americanbanker.com/news/valley-banks-russell-barrett-is-47-on-the-most-innovative-people-in-finance-ranking); [Banking Dive](https://www.bankingdive.com/news/valley-bank-ai-strategy-roi-vendors-midsize-lenders/824927/); [Valley National Bancorp (SEC filings)](https://www.sec.gov/Archives/edgar/data/714310/000071431026000036/exhibit991earningsrelease0.htm) |
| 22 | [NBT](https://www.bankingnewsai.com/banks/nbt) | 2026 operating expense growth guidance: 2.5% to 3%, including technology investments (Jul 28, 2026); Technology and data services expense, 2025: $44.0 million (2024: $39.1 million; 2023: $38.2 million) (Dec 31, 2025) | Evans merger closes; core systems conversion run the same weekend (May 2, 2025) | none named | Not comparable: scale or programme figure, no budget | Disclosed figure | Jul 28, 2026 | [Moby via Yahoo Finance](https://finance.yahoo.com/markets/stocks/articles/nbt-bancorp-inc-q2-2026-123000382.html); [NBT Bancorp (SEC filing)](https://www.sec.gov/Archives/edgar/data/790359/000114036126007179/ef20060005_10k.htm); [NBT Bancorp (SEC filing)](https://www.sec.gov/Archives/edgar/data/790359/000114036126029754/ef20078819_ex99-1.htm) |
| 23 | [NatWest](https://www.bankingnewsai.com/banks/natwest) | Share of code written with AI, 2025: More than 40%, by over 12,000 engineers and coders (Dec 31, 2025); Investment in technology, data and AI transformation: £1.2 billion in 2025 (Dec 31, 2025) | Google Cloud joins the NatWest Accelerator with AI tools and training (Aug 4, 2025) | Cora and the internal GenAI stack | Not comparable: scale or programme figure, no budget | Disclosed figure | May 1, 2026 | [NatWest Group](https://natwestgroup.com/news-and-insights/latest-stories/ai-and-data/2026/jul/harnessing-ai-as-a-core-enabler-of-business-strategy.html); [Finextra](https://finextra.com/newsarticle/47312/natwest-boasts-of-ai-benefits); [Investing.com](https://investing.com/news/transcripts/earnings-call-transcript-natwest-groups-q1-2026-shows-strong-eps-revenue-miss-93CH-4652238) |
| 24 | [PNC](https://www.bankingnewsai.com/banks/pnc) | AI share of the year-over-year increase in technology spending: ≈ 20% (Jan 16, 2026); Efficiency gain on certain offerings from developer-assistance tools: ≈ 40% (Sep 14, 2026) | Barclays conference: agents at the centre of development, 5–10x (Sep 14, 2026) | PNC AI factory | Not comparable: scale or programme figure, no budget | Disclosed figure | Sep 14, 2026 | [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/news/pnc-financial-services-group-q4-163523838.html); [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/pnc-financial-reaffirms-outlook-loans-110208542.html); [Banking Dive](https://www.bankingdive.com/news/pnc-new-mobile-banking-app-personalization-agentic-ai/824713/) |
| 25 | [HSBC USA](https://www.bankingnewsai.com/banks/hsbc-usa) | Google Cloud programme: 200+ use cases in two years; projects each > $100 million (Jun 17, 2026); HSBC applications already on Google Cloud / transactions monitored for financial crime (group): 600+ / nearly 1 billion a month (Jun 17, 2026) | Google Cloud partnership (Jun 17, 2026) | The group AI programme: Google Cloud, Mistral and a central model platform | Not comparable: scale or programme figure, no budget | Disclosed figure | Jun 17, 2026 | [Bloomberg](https://bloomberg.com/news/articles/2026-06-17/hsbc-google-ai-partnership-set-to-add-over-100-million-gains); [Google Cloud (PR Newswire)](https://www.prnewswire.com/news-releases/hsbc-and-google-cloud-announce-transformative-ai-banking-partnership-302802395.html); [HSBC](https://hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-holdings-plc/260225-annual-results-2025-fixed-income-investor-presentation.pdf) |
| 26 | [Regions](https://www.bankingnewsai.com/banks/regions) | Developers with GitHub Copilot / lift in code development: ≈ 80% / ≈ 30% (Sep 15, 2026); Technology spend as share of revenue: 10–12% (Jan 16, 2026) | Investor deck details the generative-AI stack (Aug 7, 2026) | AI-driven banker platforms on a modernised stack | Not comparable: scale or programme figure, no budget | Disclosed figure | Sep 15, 2026 | [MarketBeat (Yahoo Finance)](https://finance.yahoo.com/markets/stocks/articles/regions-financial-eyes-150-branches-120202785.html); [PYMNTS](https://pymnts.com/earnings/2026/regions-says-ai-lifts-productivity-20percent-loan-growth-cools); [Investing.com](https://investing.com/news/transcripts/regions-financial-at-citis-fintech-conference-modernization-and-ai-focus-93CH-4368694) |
| 27 | [Prosperity](https://www.bankingnewsai.com/banks/prosperity) | Annual technology spend (CEO estimate, excluding about $2 million a month of equipment and technology purchases): $75-90 million (Apr 29, 2026); Post-weekend account update time after core conversion: ≈ 1.5 hours (Apr 29, 2026) | First-quarter 2026 results (Apr 29, 2026) | Real-time core (converted February 2026) | Not comparable: scale or programme figure, no budget | Disclosed figure | Apr 29, 2026 | [Earnings call transcript (The Motley Fool)](https://www.fool.com/earnings/call-transcripts/2026/04/29/prosperity-pb-q1-2026-earnings-transcript); [Prosperity Bancshares (SEC filings)](https://www.sec.gov/Archives/edgar/data/1068851/000119312526077437/pb-20251231.htm); [Prosperity Bancshares](https://prosperitybankusa.com/wp-content/uploads/2026/06/Earnings-Release_Q1-2026_2.pdf) |
| 28 | [Citizens Business Bank](https://www.bankingnewsai.com/banks/cvb-financial) | Software expense growth: $440,000, or 11%, higher than Q3 2024, attributed to technology infrastructure and automation (Sep 30, 2025); Computer software expense, full year 2025 (up 12.07% from $15,301 thousand in 2024): $17,148 thousand (Dec 31, 2025) | Heritage Commerce merger completed (Apr 17, 2026) | none named | Not comparable: scale or programme figure, no budget | Disclosed figure | Jun 30, 2026 | [Yahoo Finance](https://finance.yahoo.com/quote/CVBF/earnings/CVBF-Q3-2025-earnings_call-367007.html); [CVB Financial Corp. (SEC filings)](https://www.sec.gov/Archives/edgar/data/354647/000119312526083221/cvbf-20251231.htm); [CVB Financial Corp. (SEC filings)](https://www.sec.gov/Archives/edgar/data/354647/000119312526340248/cvbf-20260630.htm) |
| 29 | [Barclays](https://www.bankingnewsai.com/banks/barclays) | Developers on GitLab: 19,000; code implemented 15% faster (Feb 10, 2026); Claude Code adoption target: 50% of developers by end-2026; majority of software engineers in 2027 (Oct 1, 2026) | Group CIO sets out Barclays' generative AI approach (Jan 8, 2024) | Group AI stack: Microsoft 365 Copilot, Claude and BARXBot | Not comparable: scale or programme figure, no budget | Disclosed figure | Oct 1, 2026 | [Yahoo Finance (Quartr)](https://finance.yahoo.com/quote/BARC.L/earnings/BARC.L-Q4-2025-earnings_call-391930.html); [Anthropic](https://www.anthropic.com/news/barclays-scales-claude); [Barclays PLC (SEC 20-F)](https://www.sec.gov/Archives/edgar/data/312069/000031206926000004/bcs-20251231.htm) |
| 30 | [Western Alliance](https://www.bankingnewsai.com/banks/western-alliance) | Technology investment, 2024–2026: ≈ $250 million; tech spend 10% of revenue and 17% of opex; grow-the-bank share 25% → 30% (May 12, 2026); Innovation Banking portfolio: $5 billion; 1,800+ clients; 98% of technology clients with revenue above $5 million; 97% sponsor-backed (May 12, 2026) | Investor day puts numbers on the AI programme (May 12, 2026) | Triangle of Fraud Protection and the enterprise AI programme | Not comparable: scale or programme figure, no budget | Disclosed figure | May 12, 2026 | [Western Alliance Bancorporation (SEC filings)](https://www.sec.gov/Archives/edgar/data/1212545/000162828026033850/wal_investordayx2026xfin.htm) |

## Which banks lead in technology within each size tier?

The same ranking within size tiers; the headline figure is the first disclosed number on each row.

| Tier | Overall rank | Bank | Headline figure |
| --- | --- | --- | --- |
| US banks over $500bn | #1 | [JPMorgan](https://www.bankingnewsai.com/banks/jpmorgan-chase) | About $19.8 billion technology expense outlook for 2026, up 10% |
| US banks over $500bn | #2 | [BofA](https://www.bankingnewsai.com/banks/bank-of-america) | $14 billion a year, of which more than $4.1 billion for new initiatives including AI |
| US banks over $500bn | #3 | [Citi](https://www.bankingnewsai.com/banks/citigroup) | 2025 10-K line: Technology/communication: $9.4 billion |
| US banks over $500bn | #6 | [Goldman](https://www.bankingnewsai.com/banks/goldman-sachs) | 2025 10-K line: Communications and technology: $2.2 billion |
| US banks, $100bn to $500bn | #4 | [Amex](https://www.bankingnewsai.com/banks/american-express) | $5 billion a year on technology (CEO Stephen Squeri, January 2026) |
| US banks, $100bn to $500bn | #5 | [Morgan Stanley](https://www.bankingnewsai.com/banks/morgan-stanley) | 2025 10-K line: Information processing and communications: $4.4 billion |
| US banks, $100bn to $500bn | #7 | [State Street](https://www.bankingnewsai.com/banks/state-street) | 2025 10-K line: Information systems and communications: $2.1 billion, up 14% on 2024 |
| US banks, $100bn to $500bn | #10 | [Citizens](https://www.bankingnewsai.com/banks/citizens) | Engineering output: +10% overall |
| US banks under $100bn | #11 | [Deutsche Bank (U.S.)](https://www.bankingnewsai.com/banks/deutsche-bank-us) | Cumulative technology spend to 2028 (Private Bank): ≈ €600 million for €300 million run-rate savings (Nov 17, 2025) |
| US banks under $100bn | #13 | [Popular](https://www.bankingnewsai.com/banks/popular) | Technology and software expenses, full year 2025: $341.6 million (2024: $329.1 million |
| US banks under $100bn | #15 | [Banc of California](https://www.bankingnewsai.com/banks/banc-of-california) | Developers using AI in daily workflows: More than 80% (Apr 23, 2026) |
| US banks under $100bn | #18 | [Flagstar](https://www.bankingnewsai.com/banks/flagstar) | Data centres consolidated: 6 → 2 colocation centres (Ashburn and Chicago), in about one year (Jun 30, 2026) |
| Non-US banking groups | #9 | [Deutsche Bank](https://www.bankingnewsai.com/banks/deutsche-bank) | Private Bank AI-enabled operating model, run-rate savings by 2028 / cumulative technology spend: €300m / about €600m… |
| Non-US banking groups | #14 | [HSBC](https://www.bankingnewsai.com/banks/hsbc) | Colleagues with a gen-AI productivity tool: c.85% |
| Non-US banking groups | #16 | [Lloyds](https://www.bankingnewsai.com/banks/lloyds) | Engineers with GitHub Copilot: More than 10,000 (Jun 4, 2026) |
| Non-US banking groups | #23 | [NatWest](https://www.bankingnewsai.com/banks/natwest) | Share of code written with AI, 2025: More than 40%, by over 12,000 engineers and coders (Dec 31, 2025) |

## How is this ranking computed?

Primary order: the largest technology figure each bank has published, a stated budget where it gives one, otherwise the technology line of its 2025 Form 10-K (the technology-leaders guide, which covers the largest banks with a figure that can be compared). Secondary order: among the remaining banks, the count of disclosed technology, engineering, cloud or core-banking numbers on the bank's page (two points each) plus dated cloud or core moves (up to three points), ties by assets.

Every figure is quoted as reported, with its date; nothing is estimated or converted.

## What are the caveats?

Comparability: a stated budget includes technologists' pay; the 10-K line usually does not, so banks ranked on the 10-K line are understated against those with a stated budget (JPMorgan's 2025 line was $11.0 billion against a 2026 outlook of about $19.8 billion). Rows below the guide rows are not comparable with the rows above or with each other: a cloud-migration percentage and a technologist headcount measure different things.

Non-US groups report in their own currency and under different accounting lines; their figures are shown as reported, never converted.

## How does this differ from the AI index?

The AI index scores AI disclosure; this page ranks money and scale disclosed for technology as a whole, which is why Bank of America and Citigroup sit near the top here and several AI-index leaders do not appear. The AI index and its method: https://www.bankingnewsai.com/banks/ai-index.

## FAQ

### Which bank spends the most on technology?

JPMorgan Chase: About $19.8 billion technology expense outlook for 2026, up 10%; $9.2 billion of it investments, about 25% AI-related; 2025 10-K line: Technology, communications and equipment: $11.0 billion. BofA is next at $14 billion a year, of which more than $4.1 billion for new initiatives including AI.

### How many banks disclose a technology budget?

8 of the 140 profiled banks publish a figure that can be compared (a stated budget or a 10-K technology line); another 86 disclose a technology, engineering or cloud number of some kind.

### Which large bank is furthest into the cloud?

Capital One says it closed its last data centre in 2021 and runs on the public cloud; among the others with a disclosed figure, Citizens, Popular and HSBC report cloud-migration numbers (see their rows).

### Is technology spending the same as technology leadership?

No. Spending is the one technology measure most large banks disclose in a comparable form; it says nothing about the quality of what is built, and a smaller bank on a modern core may serve customers better than a larger one on a mainframe. Read it with the modern-technology-stack ranking.

### Why is a bank with a large technology programme missing?

Because it has not published a figure. The table contains only banks with a disclosed number on their page; a bank that does not disclose is listed as not disclosed rather than estimated.

### How does this differ from the AI index?

The AI index scores what a bank has disclosed about AI specifically; this ranking is of technology as a whole, by disclosed money and scale.

## The other rankings

- [AI leaders](https://www.bankingnewsai.com/banks/leaders/ai): BofA, TD and Citi, by disclosure score, production use cases and named platforms.
- [Proprietary platforms](https://www.bankingnewsai.com/banks/leaders/proprietary-ai-platforms): 99 of 140 banks name one; BofA (Erica (and EricaAssist)), TD (Layer 6 and TD AI Prism), Citi (Citi Stylus Workspaces) lead.
- [Modern technology stack](https://www.bankingnewsai.com/banks/leaders/modern-technology-stack): Arvest, Texas Capital and Deutsche Bank, by disclosed cloud migration, core modernisation and API numbers.
- [Responsible AI](https://www.bankingnewsai.com/banks/leaders/responsible-ai): Citizens Business Bank, Synchrony and Banner Bank, by named AI councils, risk frameworks and responsible-AI officers.
- [AI adoption in 2026](https://www.bankingnewsai.com/banks/leaders/ai-adoption-2026): Amex, SoFi and HSBC, by dated 2026 production rollouts and moves.
- [Research, patents and partnerships](https://www.bankingnewsai.com/banks/leaders/ai-research-patents-partnerships): USAA, TD Bank Group and BofA, by disclosed patents, research deals and model-provider partnerships.
- [Agentic AI](https://www.bankingnewsai.com/banks/leaders/agentic-ai): Amex, Commonwealth Bank and Deutsche Bank (U.S.); 76 of 140 banks have an agent in production.
- [Generative AI with customers](https://www.bankingnewsai.com/banks/leaders/generative-ai-customer-facing): 32 of 140 banks have one in production; BBVA, BNP Paribas and Société Générale lead on stage and scale.
- [Fraud and credit AI](https://www.bankingnewsai.com/banks/leaders/fraud-and-credit-ai): Zions, Citi and Western Alliance; 104 banks run fraud AI and 57 credit AI in production.
- [All ten rankings](https://www.bankingnewsai.com/banks/leaders)

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