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FinLedger: M&T Bank is prioritizing digital investments

September 24, 2020 | 0 min read

September 24, 2020
by Ellen Chang

M&T Bank is prioritizing digital investments

Improving its mobile app and other digital offerings helps M&T Bank reach more customers

Mary Kate Loftus

M&T Bank (MTB) says it is prioritizing investing in more digital offerings as consumers are seeking additional remote and online offerings for loan applications, personal finance and wealth management.

The Buffalo, New York-based bank has almost 700 branches in the Mid-Atlantic region, including New York, Maryland, New Jersey, Pennsylvania, Delaware, Connecticut, Virginia, West Virginia and Washington D.C.

“In terms of investment, we continue to prioritize our investments in this space and tech transformation is one of the top priorities of the bank,” said Mary Kate Loftus, senior vice president, director of digital for M&T Bank, who joined the bank in 2018.

By working with fintechs, the bank can offer more digital options to its retail and small business clients. The bank partners with MX Technologies, a Lehi, Utah-based fintech, to help consumers manage their budgets. 

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