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Policy2026-09-07 · source-backed
AI fluency now sits alongside the minimum 2:1 undergraduate degree in interviews for 2027 graduate and intern intakes in global banking and markets (Finextra). Candidates must demonstrate using AI to improve work outcomes and efficiency; the bank says it complements rather than replaces analytical and interpersonal skills. It's one of the first major financial institutions to write it into formal criteria, and it lands precisely on the junior tasks banks have been automating: financial analysis, research, client decks.
Each link below shares sources, entities, or timing with this story.
Announced September 1: they'll form a company in H2 2026 to issue a stablecoin, dollar token first, euro as the expansion priority (CoinDesk). Members include Bank of America, Capital One, Citi, Fidelity, Goldman Sachs, PNC, Wells Fargo, Santander, BBVA, Deutsche Bank, Lloyds,...
(Finextra) Scope, data exposure and affected institutions weren't disclosed in the initial report. The blast-radius question here sits downstream, not at Jack Henry. ---
Finextra reports the cloud-native core banking platform closed over $70 million sourced from existing client institutions rather than VCs. Customer-funded rounds in infrastructure are rare and signal deep switching-cost lock-in: the banks are buying an ownership stake in a ven...
A group of banks said they couldn't migrate from unstructured to structured postal addresses in time. Structured addresses are the prerequisite for automated sanctions screening and any downstream ML on payment data, so the slip pushes back a dependency for a lot of fintech au...
Finextra reports the government welcoming a plan written by executives from Starling Bank and Lloyds. Direction of travel is the point: industry-authored and government-endorsed, the exact inverse of the EU AI Act's regulator-imposed posture. The UK is competing on AI permissi...
KPMG figures reported by Finextra, set against AI capturing more than 70% of global venture funding in Q2, with OpenAI and Anthropic alone taking $217 billion or 43% of all reported venture dollars. (Finextra) Capital isn't scarce. It's concentrated, and non-AI verticals are b...
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