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Financial Services

Bank of America gets a new Group CTO – his instincts are “build it”

"We extensively use our virtual private cloud, and as need be, we can burst into public clouds"

"A lot of the Alpha today depends on time: If you ask me to price a complex product and if I can price it 10X faster..."

Wall Street diverges on Stablecoins, as regulators mouth mounting concerns

Jamie Dimon: "I don't know why you'd want a stablecoin as opposed to just a payment"

Monzo fined over AML failings

"Relevant data which Monzo did gather at onboarding (e.g. tax residency, ID type, IP address and adverse media) was not utilised..."

Stripe's semantics-of-money AI turns heads. Can it adapt?

Foundational model shows big results, but fraud doesn't stand still

Barclays' Head of Corporate GenAI Incubator Dileep Pournami gives a talk at AWS Summit London

"We have to embrace disruption..."

Advancing payments: The role of cloud technology and APIs

"Our own J.P. Morgan Payments internal data showed record-breaking transaction volumes..."

LSEG cites DORA as it flags its multi-region cloud failover efforts

"A lot of our customers have applications that require multi-region for resilience. With warm standby, you get an RTO of minutes"

It's finally happened! Bank of England switches on new RTGS engine

Well done to all concerned.

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