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Financial Services

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Old Lady grapples with cloud mix, SAP, tech debt; brings in help

Bank of England seeks "a more outcome-based approach to service provision"

A view of the Bank of England in London (Photo: Alicja Ziaj on Unsplash)

"The financial sector’s interconnectedness has the potential to spread disruption widely and quickly, affecting households and businesses."

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?"

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