In March 2023, Silicon Valley Bank collapsed in 44 hours. The trigger was a bank run, but the speed was digital. Depositors...
The European Central Bank began a two-year preparation phase for a digital euro in November 2023. The Bank of England launched a...
In 2021, a community bank in rural Nebraska with 14 employees and $200 million in assets launched a fintech-powered savings product that...
In 2019, the average wait time to speak with a customer service representative at a major US bank was 11 minutes. By...
In 2014, Jamie Dimon, CEO of JPMorgan Chase, wrote in his annual shareholder letter that Silicon Valley was coming to eat banking’s...
HSBC’s global payments division processes approximately 4.5 million transactions per day. In 2019, a single compliance check on a cross-border payment required...
Antony Jenkins spent five years as CEO of Barclays, one of the world’s largest banks, trying to modernise its technology from the...
Marqeta went public in 2021 at a $15 billion valuation. The company does not issue credit cards to consumers, does not hold...
JPMorgan Chase spent $17.1 billion on technology in 2024. That figure, larger than the annual revenue of most fintech companies, represents a...
Bank of America’s virtual assistant Erica crossed 2 billion client interactions in October 2024, six years after its launch. In the most...
HSBC processes over 1.3 million anti-money laundering alerts annually. Before deploying AI, each alert required a human compliance analyst to review the...
In September 2023, Goldman Sachs quietly disclosed that it had deployed an internal AI platform capable of generating code, summarising documents, and...
The global market for cloud-native core banking platforms grew 48% year over year to $18 billion in 2025, according to Gartner’s banking...
Global investment in next-generation banking technology reached $95 billion in 2025, according to IDC’s Financial Services Technology Spending Tracker. The spending covers...
Financial institutions processed an estimated $1.8 quadrillion in global transactions in 2024, and fintech infrastructure handled a growing share of that volume,...
Bank spending on fintech partnerships exceeded $27 billion in 2024, according to McKinsey’s Global Banking Annual Review. That figure includes technology licensing...
Fintech banking platforms are reducing operational costs by up to 40% compared to traditional financial institutions, according to McKinsey’s 2024 Global Banking...
An MLOps engineer at a top-10 US bank used to measure success by whether a new credit-risk model made it into staging....
A credit analyst at a US regional bank used to spend Monday morning skimming three earnings transcripts, a 10-Q, and four analyst...