Banking innovation briefing Trends & Statistics

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Generative AI poised to disrupt finance as BloombergGPT rolls out to the company’s terminals

Generative AI poised to disrupt finance as BloombergGPT rolls out to the company’s terminals

Article
Apr 12, 2023

Rivals are likely to spring up for Bloomberg’s recently unveiled generative AI platform. But they won’t have access to its Terminals' data.

Politicians weigh in on whether US banking needs a regulatory shakeup

Article
Mar 30, 2023

Amid scrutiny over who’s to blame for recent bank collapses, politicians are weighing in on the need to change legislation.

Zurich is latest firm to explore ChatGPT tech use as insurance sector eyes AI benefits

Zurich is latest firm to explore ChatGPT tech use as insurance sector eyes AI benefits

Article
Mar 28, 2023

Insurer Zurich is exploring using ChatGPT to improve modeling and claims. The tech has the potential to strengthen customer service, but not all consumers are sold.

Credit Suisse faces crisis of confidence as banking tumult spreads to Europe

Article
Mar 16, 2023

Fears of a global banking crisis aren't going away as Credit Suisse shares nosedived amid investors’ shaky confidence in its financial position.

As SVB fallout continues, what are the risks for other banks?

As SVB fallout continues, what are the risks for other banks?

Article
Mar 15, 2023

We run down the status of the four most at-risk regional lenders following SVB’s collapse. And look at why the Big Six are better protected.

SVB meltdown highlights importance of banking trust and dangers of not diversifying

SVB meltdown highlights importance of banking trust and dangers of not diversifying

Article
Mar 14, 2023

Trust remains crucial for banks as authorities tussle to stop panic and restore stability after the collapse of three banks.

Silicon Valley Bank collapse puts lenders on edge and startups at risk

Article
Mar 13, 2023

The tech sector that had propelled Silicon Valley Bank’s growth lost confidence in its viability and pivoted away from it. Are other tech-focused banks also in danger?

Investment banking profit squeeze forces Citi to think beyond job cuts

Article
Mar 10, 2023

Banks are under pressure to slash costs amid weak dealmaking. Citi is cutting jobs but also spending big in a strategy shift.

Banking’s flexible working arrangements keep evolving despite back-to-office drive

Article
Mar 09, 2023

The mix of flexible working arrangements banks and fintechs offer could create recruitment advantages for opportunistic firms.

AI-powered tools can reshape banking but lenders need to be aware of the risks

Article
Mar 08, 2023

Banks recognize the benefits and risks of AI. Planning for regulation, investing now, and educating staff are all key to embracing the tech.

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Revolut and Varo face tumbling valuations as investor confidence in neobanks weakens

Revolut and Varo face tumbling valuations as investor confidence in neobanks weakens

Article
Mar 07, 2023

The valuations of Revolut and Varo Bank were slashed amid question marks over both neobanks’ bottom lines.

Exploring the benefits, risks, and regulatory implications of AI in insurance

Exploring the benefits, risks, and regulatory implications of AI in insurance

Article
Feb 23, 2023

We unpack the benefits, risks, and regulatory implications of AI’s impact on insurance.

Why three fintechs attracted investment from shrinking UK funding pool

Article
Feb 01, 2023

Embedded finance fintechs and those with disruptive potential are still attracting investment despite the funding decline.

Goldman Sachs forced to ax 3,200 jobs in wake of costly gamble on Marcus diversification

Article
Jan 10, 2023

Mass layoffs at the Wall Street bank and a forecasted 46% drop in profits are symptomatic of the broader banking industry slowdown.

Big Tech, personalization, and funding records: What we got right (and wrong) in our 2022 banking predictions

Article
Dec 30, 2022

One year on, we review what we got right, what we sort of called, and what we got horribly wrong.

Predictions for ESG in 2023: Stronger regulations and intensifying competition will fail to end sustainable investing boom

Article
Dec 21, 2022

Stronger oversight and a shrinking competitive advantage for ESG products will fail to kill the sustainable investing boom

Overhaul of UK banking rules could expose sector to more risk

Article
Dec 13, 2022

The government hopes sweeping changes for Britain's banks will give the sector a lift. But it could expose lenders to more risk.

Banks in the US aren’t listening to consumers’ data security fears

Article
Dec 01, 2022

We unpack the biggest takeaways and action items from our US Mobile Banking Emerging Features Benchmark.

RBC to bulk up domestic market share with $10B megadeal for HSBC Canada

Article
Nov 30, 2022

Royal Bank of Canada has agreed to buy HSBC’s Canadian arm in a move to strengthen its domestic dominance.

Here’s what leading asset managers think are the biggest trends in green investing

Article
Nov 29, 2022

We wrap up what happened at last week’s Wealth Management Transformation Summit session on ESG in London.

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