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.