Barclays launches ‘Code Playground’ to arm UK consumers with tech skills
Barclays is launching an online and in-branch ‘Code Playground’ to help families of all ages acquire digital skills and knowledge.
Amazon stock plummets amid cloud slowdown
Amazon reported that its cloud growth has slowed, as business customers reduce spending amid market uncertainty.
How industry is seeing down payments, potential for refinancing
Jody Lambert acknowledged that it often is surprising when a sizeable down payment or trade-in value arrives as part of an application for auto financing. Lambert is vice president of dealer risk management for Anderson Brothers Bank, which is based … [Read More]
AI to impact more than half of banking jobs – Citi
AI is set to upend the finance industry, adding tens of billions of dollars in profit while leading to the automation of as many as half of jobs in the sector, according to research from Citi.
InvestCloud accelerates past $1bn valuation
InvestCloud has completed a recapitalisation that values the wealth platform at $1 billion. As part of the deal, two additional businesses are being rolled into InvestCloud, immediately pushing the valuation of the combined business up over $2 billion.
Banks should bank on APIs and apps, not applications – Gartner
Banks need to ditch rigid and reactive applications in favour of flexible and proactive APIs and apps, says research house Gartner.
Podcast: Tariff uncertainty continues to define auto, powersports markets
Major players in the auto and powersports industries continue to adapt to the rapidly changing macroeconomic environment teeming with the…
India proposes tougher IT outsourcing rules for banks
India’s central bank, the Reserve Bank of India (RBI), is set to introduce new rules for IT outsourcing within the financial services sector.
US core inflation eases for first time in six months
US consumer prices rose in December by less than forecast after months of faster underlying inflation persuaded the Federal Reserve…
Explaining what 75 basis-point rise in interest rates might do within auto financing
Experts from Cox Automotive and Edmunds offered perspectives on what might happen within auto financing after the Federal Reserve made its largest increase interest rates at a single point since 1994. The Federal Open Market Committee voted 8-1 this week … [Read More]
Wells Fargo fires employees for ‘simulating’ keyboard activity
Wells Fargo fired several employees for faking work by using “mouse jigglers” to simulate computer activity, according to Bloomberg.
Podcast: Exponential Markets’ Fortin delves into ‘volatile’ EV pricing
Used EV values have fluctuated amid uncertainty over tax credits and potential tariffs. “For the used EV market, if you…
Apple and Google to face UK digital wallet competition scrutiny
Amid industry concerns about the dominance of Big Tech in the provision of digital wallets, UK financial regulators say they will take a back seat and support the country’s Competition and Markets Authority in its wider investigations into Apple and Google’s mobile ecosystems.
Sweden’s central bank threatens banks with legislation to protect access to cash
Sweden’s Riksbank is threatening banks with the propect of regulation to ensure business access to cash services.
JPMorgan moves to commercialise blockchain with Tokenized Collateral Network
JPMorgan Chase has transformed money market fund shares into tokens to execute an over-the-counter derivatives trade between BlackRock and Barclays Bank using blockchain technology.