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Financial Services

US mega-banks keep up tech spend, but emphasise headwinds

"We're deep into the large body of work of automating manual controls and processes, consolidating fragmented tech platforms and upgrading our data architecture"

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"

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.

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