BPI 'technology spend' to hit P14B

By Ed Paolo Salting

Apr 13, 2023 12:33 am

AYALA-LED Bank of the Philippine Islands (BPI) on Wednesday said it was allocating around P14 billion for this year's 'technology spend' for 2023.

No specific breakdown was provided, but in an interview during the bank's relaunching of its digital app, BPI President and Chief Executive Officer Jose Teodoro Limcaoco said the budget would be used for the continuing development of the bank's digital infrastructure.

People walk past a branch of the Bank of the Philippine Islands in Quiapo, Manila on Wednesday, Jan. 4, 2023. PHOTO BY JOHN RYAN BALDEMOR

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