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Financial Services

Credit Suisse seeks salvation in digital transformation

100,000 servers, 90,000 workstations, 37,000 relational databases, 3,000 apps...

Investment Bank boards urged to get a grip on technology risk

"Your CEOs may need to start making different types of phone calls..."

Goldman Sachs boosts IT spending by 20%

The bank runs heavily from its own private cloud...

Job of the Week: Head of Core Infrastructure, Lloyds Group

Lloyds Banking Group is seeking a Head of Core Infrastructure to "own all facets of designing, building, migrating, running and evolving the distributed estate" -- we're making it The Stack's latest Job of the Week. "Our technology, our culture, and our mind-set is

Shadow IT failings cost Morgan Stanley $200m as CIOs continue to grapple with WhatsApp use

UK government's self-deleting WhatsApp message use was legal, meanwhile...

Online payments fraud to hit $343 billion

"FIs will need to focus on a multi-layered approach to mitigate losses."

US market regulators, still alarmed by 2020’s “weird and scary” market crisis, eye more real-time data

The US Treasury is seeking more post-trade data transparency across the US Treasury securities market amid mounting concern that limited real-time visibility into market behaviour in one of the most deep, liquid, and critical global financial markets could mean regulators are unable to react swiftly to future crises. Fresh proposals

BIS touts digital currencies for future monetary system

Central Bank Digital Currencies support innovation, "seamless" cross-border activity

SaaS, fintech, AI dominate still-booming UK tech investment

UK tech firms took 45% of all equity investment last year.

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