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Financial Services

Bank of America’s $3 billion in annual IT spending is paying off -- and growing double-digits

CEO Brian Moynihan: "Our technology spending will go up 15% this year"

Morgan Stanley CEO James Gorman: “I'm perfectly happy to see our tech spend go up”

Cloud, robo-advisors among priorities...

Legacy tech is holding back AI/ML deployments in financial services: BoE

Insurers are taking the lead, however...

Why stablecoins may yet disrupt traditional Correspondent Banking

"It's probably quicker to fly with a bag of cash than it is to actually route the payment..."

Deutsche Bank turns to a known quantity as digital shakeup continues

Deutsche Bank has extended a contract with Kyndryl (previously IBM Infrastructure Services) to run its continental European core banking and mission critical IT infrastructures, in what the two described as one of the “largest and longest-running vendor contracts in the financial industry” at nearly 20 years together. Kyndryl will

BIS warns “Big Tech” a risk to financial stability as regulatory concentration risk fears linger

Hyperscalers may be tired of making the case for resilience, regulators are not done with fretting...

Credit Suisse crisis: Storm rages as bank eyes deeper restructuring, asset sales

Buckle your seatbelts...

From coffee shop to cargo ships to the cloud: Lloyd's Bob James on an ambitious transformation

"We'll be really quite focused on how we change behaviour..."

Banks fined billions for "pervasive", pesky WhatsApp use

Every major investment bank you can think of fined...

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