M&T Bank
M&T Bank is launching a 13-floor, $58 million tech site in downtown Buffalo.
M&T Bank CIO Michael Wisler told Insider that cities like Buffalo are in a race for talent "relevance."
M&T is on a three-year journey to pivot towards agile, customer-driven tech development.
The COVID-19 pandemic has left banks large and small racing to upgrade their digital capabilities as customer demand for seamless, online mobile banking has only grown.
It's also illustrated the benefits of scale for financial firms as interest rates remain near-rock bottom levels. Some have turned to M&A to bulk up, leading to a resurgence of dealmaking.