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.
Finextra: ClearBank secures Dutch banking license
ClearBank has continued their successful growth by securing their Dutch banking license.
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.
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.