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Banking

Endgame! Basel III rules put banking bosses on edge – IT impact also looms for CTOs

Rules demand "a significant uplift in terms of new data sourcing... IT leadership will need to carefully manage cultural and technical integration between internal risk and compliance teams"

Goldman Sachs stung as it dumps fintech, commercial real estate losses mount

Commercial real estate losses show scale of "remote work" damage on CRE area.

Metro Bank wins a lifeline, but for how long?

Efficient at IT, but not much else looks hugely attractive

Citi appoints co-CIOs, as CEO says deep restructuring will make “some of our people very uncomfortable”

"We will focus on simplifying how we work"

hsbc quantum key distribution

Dust off your math, review the literature with some strong coffee; envision a future fresh from a William Gibson novel...

Banks’ IT spending in 2023 to hit $652 billion: Here's what some Big Spenders are focusing on...

From Citi's $1 billion "fat finger" and regulatory intervention driving a massive compliance overhaul, to major cloud migrations, spending continues at scale...

HMG eyes £800 million new Open Banking framework

HMG makes a lot of payments: The Department for Work and Pensions alone makes 2.5 million+ daily that are worth £3.7 billion per week.

JPMorgan technology spend 2023

A major application modernisation programme continues through a mix of refactoring, SaaS replacement and legacy decommissioning – with 2,500 decommissioned since 2017...

This retail bank has drawn a huge flurry of new users. Here’s why.

The retail banking market has heated up hugely in the UK in recent years, with the rise of digital-native banks like Monzo and Starling winning awards and customers – over seven million, three million respectively.) They hit the market with minimal technology debt, having built new stacks from the ground up,

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