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: AI threatens as many as 200,000 jobs in global banks – Bloomberg
Global banks will cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to a market survey conducted by Bloomberg Intelligence.
Finextra: DBS builds GenAI bridge for SMEs
DBS Bank in Singapore plans to reach out to 50,000 SMEs to equip them with GenAI tools and technology to help boost productivity.
Bank of England: Artificial intelligence in UK financial services – 2024
Great study by the Bank of England of what is happening in AI in Financial Services.
Finextra: Firms struggling to find RoI for AI projects
According to recent research firms are struggling to find RoI for AI projects.
TechCrunch: Meta teases Orion, brain-powered true AR glasses in a tiny package
At Wednesday’s Meta Connect event, CEO Mark Zuckerberg announced Orion, which he described as “the most advanced glasses the world has ever seen.”
Finextra: Bank of England to form AI consortium
The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.
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: HSBC pledges to retain branch numbers
HSBC has pledged not to close any more branches until at least 2026 amid political and regulatory pressure to maintain access to cash on UK high streets.