Yes. This is what we came across in Alberta. The ATB had switched over to a new accounting system with SAP. I think they spent $500 million just on training for the new system. It boggles the mind what it would take to do this across the country with individual outlets.
One of the other issues we're hearing about is the amount of bank closures and credit union closures in small towns, but I saw a report where it was actually less than 100 planned over a five-year period. Is that generally correct? The quote for the Bank of Montreal was “several” across the entire country.
Again, I ask this just to counter the narrative of this dystopian future where banks are shutting everywhere, leaving them without services.