@obussmann

Board Chair | Independent NED | Senior PE Advisor | Ex-Group CIO UBS & SAP | AI, FinTech & Enterprise Software & Services | Weekly AI & FinTech Newsletter 55K+

 ZRH | LON | NYC | SIN | HKG
bussmannadvisory.com
Joined January 2010
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8.7KMedia
Congratulations to the winners of the Innovation in Digital Banking Awards 20201 by @TheBanker thebanker.com/video/v/626615… @joymacknight #FinTech

The Banker – Unrivalled coverage of global finance & banking

The latest UK and international banking, finance and business coverage and analysis, with exclusive interviews and unparalleled access to the finance industry’s most senior leaders and policymakers.

thebanker.com
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LSEG is buying Octus for $3.535B. LSEG says 80% of its AI customer agreements include additional dataset purchases. As AI speeds up research, the data underneath it is what gets paid for. #AI #FinTech
AI-generated illustration: LSEG Pays $3.5 Billion to Feed Wall Street’s AI

ALT AI-generated illustration: LSEG Pays $3.5 Billion to Feed Wall Street’s AI

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pymnts.com/news/artificial-i… Image: AI-generated illustration.

LSEG Pays $3.5 Billion to Feed Wall Street’s AI | PYMNTS.com

Artificial intelligence is reducing the time and cost of financial research, but the data behind that research is becoming more valuable. Two investments

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AI found two PHP flaws rated 9.2 out of 10 that sat hidden for over a decade. PHP runs on nearly 70% of sites with a known server-side language. MUFG and Mizuho halted services as a precaution. Bank CISOs now have to find PHP inside vendor software.
AI-generated illustration: AI Finds Flaws Hiding in the Code Behind 70% of Websites

ALT AI-generated illustration: AI Finds Flaws Hiding in the Code Behind 70% of Websites

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AI Finds Flaws Hiding in the Code Behind 70% of Websites | PYMNTS.com

Security flaws discovered with the help of artificial intelligence have triggered an urgent, OpenAI-led effort to protect websites worldwide, PYMNTS

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Capital One's domestic card charge-offs fell to 3.98%, down 65 bps year over year, as purchase volume rose 11% to $254.7B. Fairbank calls AI a "big investment imperative." Benign credit is funding the AI budget. #AgenticAI #Banking
AI-generated illustration: Capital One Pushes Deeper Into AI as Card Spending Grows

ALT AI-generated illustration: Capital One Pushes Deeper Into AI as Card Spending Grows

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pymnts.com/credit-cards/2026… Image: AI-generated illustration.

Capital One Pushes Deeper Into AI as Card Spending Grows | PYMNTS.com

Capital One’s cardholders continued spending in the third quarter while credit losses declined, giving the bank room to pursue two expensive strategic

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Barclays plans about 5,000 job cuts, 60% in support functions including software development. It expects half its developers on Claude Code by end of 2026. The restructuring has cost 307m pounds so far. Engineering is inside the scope. #AI #Banking
AI-generated illustration: Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations

ALT AI-generated illustration: Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations

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pymnts.com/personnel/2026/ba… Image: AI-generated illustration.

Barclays Plans 5,000 Job Cuts as AI Push Reshapes Operations | PYMNTS.com

Barclays plans to eliminate about 5,000 jobs this year as the British bank expands its use of artificial intelligence (AI) and technology to improve

pymnts.com
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Hackers reportedly ran a web of Claude and Grok agents against 400+ Latin American targets, including banks and payments firms. Another detection tool may add less than connecting the ones banks already own. #Cybersecurity #AI
AI-generated illustration: Hackers Employ Grok and Claude to Attack LatAm Banks

ALT AI-generated illustration: Hackers Employ Grok and Claude to Attack LatAm Banks

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pymnts.com/cybersecurity/202… Image: AI-generated illustration.

Hackers Employ Grok and Claude to Attack LatAm Banks | PYMNTS.com

A hacking group known as CyberCartel reportedly used artificial intelligence (AI) agents from several high profile tech companies to automate cyberattacks

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Microsoft's security chief says frontier models "cannot be trusted" because they are unpredictable, not malicious. Microsoft sells the monitoring layer, so it has an interest, but the separation holds: monitors belong outside the labs. #AgenticAI #CISO
AI-generated illustration: Microsoft says AI agents are like insider threats as ‘frontier models can’t be trusted’

ALT AI-generated illustration: Microsoft says AI agents are like insider threats as ‘frontier models can’t be trusted’

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techcrunch.com/2026/10/19/mi… Image: AI-generated illustration.

Microsoft says AI agents are like insider threats as 'frontier models can't be trusted' | TechCrunch

Microsoft wants enterprises to closely watch the agents that employees use with systems not controlled by AI labs like OpenAI and Anthropic.

techcrunch.com
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UBS ranks sixth in the 2026 Evident AI Index and is the only European bank in the top 10. It kept much of Credit Suisse's AI talent and trained 28% of its workforce. Hiring and training both count. #AI #Banking
AI-generated illustration: UBS Ranks 6th Globally in AI Banking Maturity

ALT AI-generated illustration: UBS Ranks 6th Globally in AI Banking Maturity

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fintechnews.ch/aifintech/ubs… Image: AI-generated illustration.

UBS Ranks 6th Globally in AI Banking Maturity

Switzerland’s UBS ranks sixth this year in AI maturity among global banks, sustaining its European lead in adopting and integrating the technology for four consecutive years.

fintechnews.ch
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Mastercard opened early access to Agent Pay for Machines, built on the open x402 protocol. Its demo: nine payments, two merchants, one budget, no separate accounts, API keys or invoices. Spending controls for agents now sit with risk teams. #AgenticAI
AI-generated illustration: Mastercard Debuts Tool to Help AI Agents Purchase Digital Services

ALT AI-generated illustration: Mastercard Debuts Tool to Help AI Agents Purchase Digital Services

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Mastercard Debuts Tool to Help AI Agents Purchase Digital Services | PYMNTS.com

Mastercard has launched early access to Agent Pay for Machines, a tool designed to let autonomous artificial intelligence agents purchase digital

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Santander says serving costs in selected experiments fell from €5 per interaction to about €0.03 after moving to smaller, specialised models. The figure comes from the bank's own release, so test it task by task before you trust it. #AI #Banking
AI-generated illustration: Santander Turns to Nvidia to Build New AI Banking Capabilities

ALT AI-generated illustration: Santander Turns to Nvidia to Build New AI Banking Capabilities

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pymnts.com/news/banking/2026… Image: AI-generated illustration.

Santander Turns to Nvidia to Build New AI Banking Capabilities | PYMNTS.com

Santander has teamed with Nvidia to come up with capabilities for evaluating artificial intelligence models and agents for banking. This work by the

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JPMorganChase, Citigroup and Schwab now bar outside AI agents from moving customer money. Read-only access stays open. Schwab blocks Meta's Muse "in the tens and 20s" each week. Agent payments depend on access banks withhold. #AgenticAI
AI-generated illustration: Big Banks Won’t Let Outside AI Agents Move Money

ALT AI-generated illustration: Big Banks Won’t Let Outside AI Agents Move Money

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pymnts.com/news/artificial-i… Image: AI-generated illustration.

Big Banks Won’t Let Outside AI Agents Move Money | PYMNTS.com

A customer who hands a login to an artificial intelligence agent now gets turned away at four of the biggest names in banking in the United States.

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