Finextra: DBS to shrink workforce by 10%
DBS Bank expects to dispense with 4000 contract and temporary employees over the next three years as AI takes centre stage.
European Central Bank: Outsourcing trends in the banking sector
Banks continue to operate in an environment of increased geopolitical tensions and cyber risks.
efinancialcareers: Barclays increased graduate hiring 46% in two years, but diversity is falling
Barclays hiked graduate hiring by 46% last year compared to 2022, the last year when graduate hiring figures were provided.
efinancialcareers: McKinsey & Co. partners receive same salaries as VPs in banks
An interesting comparison here – the base salaries of McKinsey & Company partners are very similar to VP level in banks.
CNBC: Microsoft deploys new state of matter in its first quantum computing chip
Is this a Quantum breakthrough?
efinancialcareers: More financial services quants are spending their gardening leaves at OpenAI
AI research giants like OpenAI are some of the few firms who can match the pay you can earn as a quant in a hedge… Read More »efinancialcareers: More financial services quants are spending their gardening leaves at OpenAI
Finextra: Third of central banks delay CBDC timelines
Nearly a third of central banks have delayed their CBDC timelines.
CIO: CIOs look beyond ‘Big 3’ cloud providers for AI innovation
CIOs look beyond ‘Big 3’ cloud providers for AI innovation.
IOT World Today: Quantum Computing Could Add $264B to UK Economy
IBM and Oxford Quantum Circuits (OQC) Circuits have released a report predicting that quantum computing could boost U.K. productivity by up to 7% by 2045.