Technology.
Coverage of platform migrations, cloud strategies, AI rollouts, and the recurring industry insight that core banking modernisation is harder than expected.
Banking technology is a domain in which large programmes are reliably extended. The Ledger covers transformation programmes whose end state has been redefined to match the current state, cloud migrations whose actual workloads remain on-premise, and AI governance frameworks now several versions behind the AI itself. Coverage is sympathetic, dry, and informed by people who have read the architecture diagram.
Recent Coverage
BNPL Leader Klarma Launches Card, Confirms Card Allows Cardholders to Pay Using Card
Klarma, which built a multi-billion dollar business on the proposition that consumers do not need a card, has announced a card.
Major Payments Group Appoints Chief AI Transformation and Simplification Officer to Lead Simplification
The role is newly created. It reports to the Chief Transformation Officer and the Chief Simplification Officer. Both roles were also newly created this quarter.
Agentic AI Now Attending Governance Meetings On Behalf Of Executives Who Were Attending On Behalf Of Other Executives
The AI has taken a position on a vendor selection. The position has not yet been reviewed. A working group has been established to govern how agentic AI attends working groups.
International Card Scheme Launches Agentic Payments Framework; AI Agent Immediately Attempts To Subscribe To A Competitor's Product
A major international card scheme has announced a framework enabling AI agents to initiate, authenticate, and settle payments autonomously on behalf of consumers. The liability rules contain an exception. The exception is broad.
Major Bank's AI Transformation Programme Enters Fifth Year Of Planning
Originally scheduled as a three-year delivery. The bank now describes the programme as in its design maturity phase, which is the prerequisite to the readiness phase.
Vendor Confirms Blockchain Solution Was Actually A Spreadsheet
The platform was distributed in the sense that two people could open it. The ledger was immutable in the sense that nobody had update access. The vendor stands by the architecture.
Core Banking Migration Paused While Steering Committee Considers Options
The migration is in its eleventh year. A steering committee has been convened to consider options. The options include continuing, restarting, and redefining what is meant by complete.
Cloud Migration "Well Underway", Confirm Executives Calling From On-Premise Offices
Executives confirm cloud migration is well underway. Call placed from an on-premise office. Email sent from on-premise server.