The Banker: UK banks to spend £3.3bn on legacy systems in 2026
The maintenance of legacy systems is a huge bill – probably well over £3.3bn in the UK and imagine what the global figure is?
UKTN: Monzo reclaims top spot in banking league table
Congratulations to Monzo Bank who was ranked No 1 for Personal and Business by the CMA.
Finextra: Standard Chartered signs AI deal with Alibaba
This is an interesting move by Standard Chartered, choosing Alibaba Cloud as its strategic partner for AI technologies.
Pymnts: Tech Billionaires Launch Erebor Bank to Fill SVB’s Gap
Erebor has been launched to take up the space occupied by Silicon Valley Bank as a go-to financial institutions for riskier start-ups and crypto firms that traditional banks might otherwise reject.
Global Banking and Finance: The Banking Talent Crunch: How Financial Institutions Are Competing for Digital-Native Skills
As banks expand their digital capabilities, the gap between technology ambitions and workforce readiness is widening.
CIO: 10 most used gen AI tools in the enterprise
The results of a recent survey into the most used Gen AI tools in the Enterprise and no real surprises among the most popular
IFA: 94% of financial services and banking orgs suffer cyber attack in last year as insider threat looms
94% of financial services and banking (FSB) organisations suffered cyber attacks in the last year as insider threats looms.
FinTech Magazine: Why Lloyds Deployed AI Training for 200 Senior Executives
Lloyds Banking Group has commissioned Cambridge Spark to deliver AI training to more than 200 senior leaders.
Financial Post: Fifth Third Among Banks Using AI to Help Lure Customer Deposits
Fifth Third Bank, Huntington National Bank and Valley Bank are among regional US lenders that use artificial-intelligence tools to scrape customer data, helping them personalize deposit offerings as competition for customers’ money intensifies.
Finextra: Monzo develops backup bank to cover outages
Monzo Bank has developed a backup bank to cover outages.