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Banking

Citi taps Palantir for data modernisation help – tech spend hits $26 million per day

"We will continue to make the investments needed, specifically as it relates to data" says CEO Jane Fraser

Powerful new HSBC board committee guns for better IT delivery, data strategy

Has "challenged management on its plans and prioritisation"

Morgan Stanley: Expect a hit as we kill off old technology

Low stress investment as CEO Ted Pick says 2024 was "one of the strongest years in the Firm’s history"

BIAN adds new API, toolkit, Wells Fargo CIO as board member

BIAN is also working with Microsoft to "potentially embed these tools..."

Citigroup touts data efforts as senator snarls, regulators circle

"We've got over 11,000 regulatory reports" lamented CFO Mark Mayer. "We're talking about ensuring that the data that we capture at trade entry is the data that's required to ultimately show up on these various regulatory reports..."

Pete Iordachescu, Platform Lead (CI/CD and Observability) at Chase UK

A pair of banks with radically different histories share details of the tools, tech and philosophies fuelling their digital journeys.

bank of england certificate expired RTGS outage

Network configuration, CA and SWIFT issues, and certificate expiration blamed for a series of RTGS outages the past year.

Citigroup’s CFO Mark Mason: Cybersecurity costs are surging

"One of the most rapidly growing expense line items" -- with Zscaler and CyberArk among the vendors getting paid.

Bank of America plans $4 billion "technology initiatives" spend

"AI has moved from cost-savings ideas to enhancing the quality of our customer interactions" says CEO.

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