CIO Dive: Citi taps Google Cloud for app migration, AI adoption
Citi announced a multiyear modernization partnership with Google Cloud Monday.
Finextra: Bank of England presses on with retail CBDC to plug bank innovation gap
The Governor of the Bank of England, Andrew Bailey has re-affirmed his support for a retail central bank digital currency, arguing that central banks are the “only game in town” as commercial banks lack the incentive to push for innovation.
IT Pro: AWS says enterprises are moving back on-prem – but does cloud repatriation really threaten hyperscalers?
Amazon Web Services (AWS) has claimed to face competition from on-premises IT while defending the level of competition in the UK cloud market, according to a Competition and Markets Authority (CMA) hearing.
UKTN: Race to build British data centres heats up as AWS commits £8bn over 5 years
The race to become the biggest cloud provider in the UK stepped up a gear today after Amazon Web Services (AWS) vowed to invest as much as £8 billion into British data centres over the next five years.
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.