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I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing lending When thinking about this my brain thought linearly – taking current……

Several Wall Street banks including JPMorgan Chase & Co. and Bank of America Corp. have held talks to provide as much as $8 billion in financing for a buyout of DocuSign Inc. that values the company at around $13 billion, according to people with knowledge of the matter. Jefferies Financial Group Inc. and Deutsche Bank…

Amazon Web Services’ clients are leaning into the cloud for innovation and adding more workload tasks to the cloud. Since the third quarter of 2023, AWS has added “more than $1.1 billion of revenue,” Amazon Chief Financial Officer Brian Olsavsky said during AWS’ fourth-quarter earnings call on Feb. 1, noting that companies looking for cost…

Apple reported record payments and cloud revenue that contributed more than 19% of the tech giant’s overall revenue growth. Revenue from the services, which include iCloud and Apple Pay, was $23.1 billion in its fiscal first quarter, up 11.3% year over year, according to the company’s earnings statement released Feb. 1. Apple’s total revenue for…

This week’s main blog discussions include … How digitalisation is changing lending I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing……

Things we’re reading today include … Customer data access and fintech entry: early evidence from open banking | Bank of England Letters: The Bank of England is losing credibility under Governor Andrew Bailey (telegraph.co.uk) Bank of America pays CEO Brian Moynihan $29m, down 3% (fnlondon.com) Iraq bans 8 local banks from US dollar transactions |……

Historically, there are some technology stories that stand out. Alan Turin; Tim Berners-Lee; Bill Gates; Mark Zuckerberg; Jeff Bezos; Elon Musk … but what about Hedwig Kiesler? Shared extensively on social media, her story is all about the invention of WiFi. If you Google who invented WiFi? the name that comes back is John O’Sullivan……

Major U.S. banks released fourth-quarter earnings over the past month showcasing that they looked to reduce costs – but not necessarily on tech spend as digital banking usership increased.  JPMorgan saw its tech, communication and equipment expense spend jump 7% year over year to $2.4 billion. The New York-based bank’s headcount increased 6% YoY to…

Bryce Elliott, former chief information officer of wholesale and enterprise functions at Truist Financial, is no longer working at the Charlotte, N.C.-based bank. Elliott’s role at Truist is being taken on by Kelly Buchanan, executive vice president and head of enterprise payments and wholesale technology, and Jay Poole, executive vice president and head of consumer,…

Things we’re reading today include … Residents warned about crypto investment scams after one victim loses nearly $5m| The Guardian Why crypto exchange Kraken’s security team lives in the shadows (fnlondon.com) PayPal launches the first FinTech stablecoin (PYUSD) (businesscloud.co.uk) Enterprise fintech market may reach $20 billion by 2030: report – The Economic Times (indiatimes.com) Y2K23’s……