Finextra: UK challenger banks beat incumbents all-hands down in CMA awards
UK challenger banks once again outshone incumbents in the latest annual banking satisfaction survey conducted by the Competition and Markets Authority.
efinancialcareers: How LLMs are already being used to replace human traders
A good paper looking at the use of LLM’s in Trading, exploring a variety of areas.
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: CFTC orders FTX to pay customers $12.7 billion
FTX has been ordered by the U.S. Commodity Futures Trading Commission to pay $12.7 billion to FTX customers and victims of its fraud, the largest recovery in CFTC history.
Finextra: ClearBank secures Dutch banking license
ClearBank has continued their successful growth by securing their Dutch banking license.
Finextra: JP Morgan preps more biometric payment pilots
J.P. Morgan is teaming up with vendor PopID to trial pay-by-face biometric payments with merchants across the US.
Finextra: BofE and BIS develop tech to monitor stablecoin reserves
The Bank of England and the BIS Innovation Hub have developed a system that gives supervisors near real time data about stablecoins’ liabilities and their reserve assets.
The Verge: OpenAI announces SearchGPT, its AI-powered search engine
OpenAI is announcing its much-anticipated entry into the search market, SearchGPT, an AI-powered search engine with real-time access to information across the internet.
efinancialcareers: With C++ blamed for CrowdStrike calamity, an ex-DE Shaw researcher has an answer
What went wrong at CrowdStrike?