Enterprise IT JPMorgan CEO: 300 AI use cases in production, 550PB needs replatforming for cloud $14 billion in annual technology spend...
Enterprise IT Bank of Africa UK dumps Finastra for Temenos, swaps core banking, ERP hosting to OCI Bank goes cloudwards...
Featured A $1bn fat finger helps drive Citi's $13.6bn IT spending plans Overhaul comes after howling error in 2020 blamed on legacy software, bad training...
Cybersecurity Ray-Ban maker saw $272 million stolen by cybercriminals -- behind it was a romance scam Company blames JPMorgan for AML failings, sues it for recovery
Featured Starling Bank CEO aims fire at "tech bros", to quadruple pre-tax profits Anne Boden aims fire at "tech bros"
Cloud Lloyds hires ING CTO, ramps up Google Cloud. OpenShift hiring Lloyds has hired ING CTO Ron van Kemenade as COO. Starting June 2023 he will lead a new technology and data strategy at Britain’s biggest domestic bank, under new CEO Charlie Nunn – who joined from HSBC in 2021. The hire comes as Lloyds said that it is exploring the
Featured Natwest goes from zero to 900m API calls, eyes more data innovations, better dev journeys "We're trying to treat developer journeys like customer journeys..."
Enterprise IT Standard Chartered to support EUR settlement via blockchain Multinational takes stake in Partior, joins DLT network, to offer EUR settlements...
Enterprise IT Morgan Stanley CEO James Gorman: “I'm perfectly happy to see our tech spend go up” Cloud, robo-advisors among priorities...
Enterprise IT Legacy tech is holding back AI/ML deployments in financial services: BoE Insurers are taking the lead, however...
Enterprise IT Deutsche Bank turns to a known quantity as digital shakeup continues Deutsche Bank has extended a contract with Kyndryl (previously IBM Infrastructure Services) to run its continental European core banking and mission critical IT infrastructures, in what the two described as one of the “largest and longest-running vendor contracts in the financial industry” at nearly 20 years together. Kyndryl will also
Cloud BIS warns “Big Tech” a risk to financial stability as regulatory concentration risk fears linger Hyperscalers may be tired of making the case for resilience, regulators are not done with fretting...
Featured Credit Suisse crisis: Storm rages as bank eyes deeper restructuring, asset sales Buckle your seatbelts...
Featured Monzo, Starling top current account ratings as fintechs thrive -- RBS hits rock bottom Monzo and Starling, the two British fintech rivals, have topped a new survey of 16,000 people for best current accounts (by overall customer satisfaction) with Royal Bank of Scotland (RBS) performing worst. The best current accounts survey reflects the extent to which digital-only fintechs with responsive and slick front-end
Enterprise IT Natwest appoints Scott Marcar as new Group CIO, amid £3b digita drive Incoming Group CIO joins from Deutsche Bank.
Featured Credit Suisse seeks salvation in digital transformation 100,000 servers, 90,000 workstations, 37,000 relational databases, 3,000 apps...
Featured Investment Bank boards urged to get a grip on technology risk "Your CEOs may need to start making different types of phone calls..."
Enterprise IT BIS touts digital currencies for future monetary system Central Bank Digital Currencies support innovation, "seamless" cross-border activity
Featured ING CTO: We're shifting applications aggressively to private cloud "It's quite unique for a bank to build such an extensive in-depth technology platform..."
Enterprise IT Bank of England demands firms test "severe" operational resilience scenarios "They will need to invest..."
Enterprise IT Savings bank NS&I launches £700m+ in IT tenders The £2bn programme spells the end for Atos's BPO deal with NS&I.
Cloud Bank of England plans tough new rules on IT resilience, avoiding cloud "concentration risk" Demands "full access and unrestricted rights for audit and information..."
Enterprise IT Lloyds’ CEO vows digital transformation as critics slam bank's cost-to-serve We look at LBG's IT plans, from £1bn spend, a £400m IT write-off, and more.
Featured HSBC boosts technology spending to $6b; cloud adoption rate at 27% That's half what JPMC spends, double what Credit Suisse spends on tech...