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Financial Services

Citi adds 8,000 tech staff, hikes IT spending 12%

Citigroup has added 8,000 people in its technology function over the past 12 months as it ramps up an ambitious digital transformation programme, hiking IT spending by 12% in Q1 2023 and slashing app numbers. Recent successes include the retirement of 20 trading platforms to consolidate around one, an

ex-TSB CIO first IT leader fined under senior managers regime

"A gap in the control environment which was proving difficult to close..."

JPMorgan CEO: 300 AI use cases in production, 550PB needs replatforming for cloud

$14 billion in annual technology spend...

Worried central banks launch joint liquidity operation

Is this a tech story? Well, kind of...

AML can be an enabler, not just a burden

AI (hype aside) is demonstrating its worth says Banking Circle's Livia Benisty

Deutsche Bank's Peter Thomas: Execs recognising value of OSS ‘mutualisation’

"Take this Waltz..."

Bank of Africa UK dumps Finastra for Temenos, swaps core banking, ERP hosting to OCI

Bank goes cloudwards...

Silicon Valley Bank fails: Regulators step in

Goodnight, sweet prince.

When it comes to technology, finance teams deserve better

Processes around spreadsheets become ossified and unable to change..."

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