Brazil’s Banks Will Spend $10 Billion on Tech in a Race for AI

Technology Key Facts —The spend. Brazil bank technology budgets will reach R$50.4 billion ($9.8bn) in 2026, an 8 percent rise on the year. —The trend. Tech budgets have grown 58 percent over five years, as banks reposition themselves as technology firms. —The priorities. Cybersecurity ranks top at all banks surveyed, with cloud and generative AI…