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Financial Services

Bank of England plans digital currency experiments

Central bank moves from QE to QR codes via CBDC?

American Express to spend $6 billion on marketing in 2024, as AI, AP data give confidence

The company is using "AI to enhance the effectiveness of our sales and marketing engine

Bank of America plans $4 billion "technology initiatives" spend

"AI has moved from cost-savings ideas to enhancing the quality of our customer interactions" says CEO.

Charles W. Scharf discussed the "impact" of GenAI with analysts (Image: Wells Fargo)

"There is traditional AI - and then there is GenAI..."

Jane Fraser at the World Economic Forum Annual Meeting  in 2022 (Image: World Economic Forum)

Banking group facing huge payout after allegedly making "insufficient progress" on risk and data quality management transformation

Global fintech investment slump worsens: UK suffers 'steep drop'

The slowdown in funding activity during 2024 comes after a year so bad it was described as a "bloodbath" for fintech startups.

The report was released today after a year's FOI persistence by legendary reporter Jason Leopold.

"Hi. This is the Prezident here on zelensky.prank@rebel.spirit. Can I have your number and your friends' too?"

AI will impact more than half of finance jobs -- banks to spend $40 billion: Citi

"This process requires an ability to efficiently validate, understand, and store content of documents to correctly implement client instructions"

BNY poaches BP's Leigh-Ann Russell as new CIO -- eyes sustained modernisation

CEO Robin Vince earlier cautioned BNY had "operated in a way that was vertically integrated and became siloed..."

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