NewScientist: Existing quantum devices could be used to disrupt the stock market
Quantum technology could shake up the stock market.
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: CIBC to hire 200 data and AI specialists
Canadian bank CIBC is set to hire more than 200 data and artificial intelligence roles over the next 12 months.
CSO Online: Hottest selling product on the darknet: Hacked gen AI accounts
Hottest selling product on the darknet: Hacked gen AI accounts
CIO Dive: Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark
Big tech banks on AI boom as infrastructure spending heads for trillion-dollar mark.
ITPro: £1.3 billion in funding for AI and tech projects scrapped by government
The UK government has scrapped £1.3 billion in funding aimed at supporting technology and AI-related projects across the country.
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.
Finextra: ECB cyber security test reveals ‘room for improvement’
The European Central Bank says there is “room for improvement” after conducting its first thematic stress tests on cyber resilience to determine how well individual banks would respond to and recover from a cyber attack.
Finextra: AI spending races ahead among European banks
European banking leaders are poised to increase spending on AI faster than on cybersecurity.
Coin Telegraph: JPMorgan Chase launches AI tool for research analyst tasks
JPMorganChase is reportedly rolling out an in-house version of a ChatGPT-like generative artificial intelligence product capable of doing the work of a research analyst.