Total Banking IT/Technology Expense Share in Canada, by Company

% of total banking IT/technology expenses
Timeframe20232024202520262027
Bank of MontrealMaximum of two rows can be charted.
Deselect another chart icon to add this one.
Bank of Nova ScotiaMaximum of two rows can be charted.
Deselect another chart icon to add this one.
CIBCMaximum of two rows can be charted.
Deselect another chart icon to add this one.
Royal Bank of CanadaMaximum of two rows can be charted.
Deselect another chart icon to add this one.
Toronto-Dominion BankMaximum of two rows can be charted.
Deselect another chart icon to add this one.
OtherMaximum of two rows can be charted.
Deselect another chart icon to add this one.

Source: eMarketer

Note: includes expenses by banks with CDIC-backed consumer and business expenses and savings accounts; expenses include core systems maintenance, modernization, innovation, transformative technology, data processing, equipment, software, digital initiatives, compliance and cyber security

Methodology: Estimates are based on the analysis of data from respective bank corporate disclosures, reported and estimated non-interest expenses from major banks, estimates from other research firms, historical trends, GDP trends, technology expense trends, and macro-level economic conditions.

Become a Client
Powerful data and analysis on nearly every digital topic.