DORA’s countdown, SEPA’s Instant impact, and Wall Street’s AI shift
Weekly Edition | By Marina Mouka
Welcome to your?latest Bobsguide's Digest, your go-to update on the week's top insights for finance and technology professionals. As we wrap up the week, we've gathered key content to keep you informed, inspired, and ahead of industry trends. In this issue, you'll find:
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TOP READS
NEWS
Wall Street banks are poised to cut up to 200,000 jobs in the next 3-5 years as AI reshapes the financial sector. Roles in customer service, compliance, and operations face the highest automation risk, but AI is also projected to boost bank profits by up to 17% by 2027. While some jobs will be redefined rather than eliminated, the rapid pace of change raises concerns about workforce displacement. Read More
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领英推荐
NEWS ANALYSIS
The SEPA Instant Payments regulation, effective January 9, 2025, mandates eurozone banks to process payments within 10 seconds, revolutionizing Europe’s financial landscape. While businesses gain faster settlements and liquidity improvements, banks face operational hurdles, including adapting treasury systems and managing fraud risks. Compliance costs and the prohibition on premium charges add financial pressure, yet real-time payments promise to drive Europe’s embedded finance market forward. Read More
ANALYSIS
With just one day until the Digital Operational Resilience Act (DORA) takes effect, financial institutions across Europe are racing to meet stringent compliance standards. From third-party risk management to hybrid cloud challenges, the regulation demands robust digital protections against ICT disruptions. With no grace period and penalties of up to 2% of global turnover, the stakes are high. Will institutions rise to the challenge and embrace resilience as a competitive advantage, or fall behind in this defining moment for the industry? Read More
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