City AM: ‘There’s little room for caution’: Banks and fintechs gear up for AI revolution
‘There’s little room for caution’: Banks and fintechs gear up for AI revolution.
ITPro: AWS CEO Matt Garman thinks AI coding tools could herald the end of the developer as we know it – but there’s light on the horizon for worried devs
Software development will fundamentally change in the next few years, according to Matt Garman, Amazon Web Services (AWS)’ new chief executive, who argued that the rapidly maturing AI programming ecosystem could mean “most developers are not coding” within two years.
Finextra: UK challenger banks beat incumbents all-hands down in CMA awards
UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.
efinancialcareers: How LLMs are already being used to replace human traders
A good paper looking at the use of LLM’s in Trading, exploring a variety of areas.
CIO Dive: Tech chiefs gear up to spend bigger IT budgets in 2025
As tech leaders look ahead to next year, most anticipate IT budgets to increase, according to Forrester.
UKTN: Revolut confirms share sale at $45bn valuation amid rumoured IPO Treasury talks
Revolut has confirmed plans to launch a secondary share sale valuing it at $45bn (£35bn) as the Treasury reportedly looks to court the fintech into a London listing.
Finextra: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
Finextra: ClearBank secures Dutch banking license
ClearBank has continued their successful growth by securing their Dutch banking license.
Finextra: JP Morgan preps more biometric payment pilots
J.P. Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.