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Financial Services

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"

Job of the Week Head of Generative AI Security, Citi

"Ideate and leverage Gen AI to solve cybersecurity problems at scale for Citi..."

Bank of England anoints its fourth CIO in just two years as IT leadership churn continues

Monk (previously at construction firm Travis Perkins) does offer important continuity and understanding on one of the most significant digital transformation programmes at the BoE

The Big Interview: Thad Széll, Head of Infrastructure Architecture and Cloud, Deutsche Bank

"It's given us a renewed understanding of how our infrastructure and our applications work, and how everything communicates together...”

LSEG blockchain exchange plans are yet to be fully revealed

"Putting trading on the chain makes little sense since you fragment liquidity and get worse spreads..."

RTGS outage

The worst RTGS outage in nearly a decade was resolved without too much loss of hair but will renew enthusiasm for a core settlement engine replacement due in 2024...

Citi CTO spearheads new pan-industry ‘Common Cloud Controls’ project at FINOS

Citi, Goldman, Morgan Stanley, LSEG, Natwest Group, and RBC are all participating amid concerns at the opacity of public cloud security and resilience tests and controls.

HSBC breached this banking rule 12,200 times. Regulators sigh wearily

"HSBC’s processes, systems and staff were not capable of detecting and reporting these breaches until December 2022. The inability for HSBC to determine the scale of these breaches due to the inadequacy of its systems and processes is a further concern."

Bank of England FinOps help

Central bank keen to "improve consumption-based spend and reporting and to be able to "make strategic TCO decisions on location of workloads..."

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