efinancialcareers: UBS’s complex IT integration is costing more than expected
It’s costly for banks to transform their tech infrastructure, even more so when they’re integrating a recently acquired rival at the same time
TechRepublic: UK Announces ‘World-First’ Cyber Code of Practice for Companies Developing AI
UK Announces ‘World-First’ Cyber Code of Practice for Companies Developing AI.
Finextra: Algo trading firm XTX to build €1bn data centre hub in Finland
Algo trading form XTX Markets is investing €1 billion in a large-scale data centre complex in Finland to support its growing use of machine learning.
Banking Exchange: The State of GenAI in Risk & Compliance for Banks
The use of generative AI for risk and compliance applications is now a reality for financial institutions.
Finextra: Nationwide consolidates data estate to pave the way for GenAI
Nationwide Building Society has deployed GPT-4 within Azure OpenAI to help generate letters, freeing up staff for more productive work.
efinancialcareers: Deutsche Bank hired 1,300 technology staff last year. But bad luck to contractors
Deutsche Bank hired 1,300 technology staff last year.
CIO: 67% of digital transformations delayed due to skill shortages
IDC’s latest survey of IT leaders from North America, Asia, and Europe found that a shortage of IT skills has caused delays in product development at 54% of organizations, with 58% reporting product or service quality issues as well.
Forbes: Introducing GhostGPT—The New Cybercrime AI Used By Hackers
Cybercriminals are using GhostGPT, a newly discovered and completely uncensored AI chatbot, for malware creation, phishing scams and more.
Lloyds Banking Group: What’s next for fintech in 2025?
A good overview of where the market is going in 2025 from Kirsty Rutter at Lloyds Banking Group.
Crypto.news: Elon Musk’s X to partner Visa for X Money payments
Elon Musk is progressing toward enabling payment functionality for X users by partnering with Visa and expecting to launch in 2025.