The move comes as the bank continues its broader focus on streamlining its structure and addressing regulatory failings which have led to significant fines in recent years.
This will involve bringing in a “start-up mindset" to testing the application and use of AI experiments on small budgets, and then building on proof of success.
International banking giant HSBC has said it will boost the digital purchasing experience for businesses by offering flexible payment options and financing tools at the point of sale.
As the UK’s historic copper telephone network approaches its closure, BT has unearthed data showing that one in five small firms are still analogue in 2025.
A month after Barclays experienced a major outage, customers at Lloyds Banking Group, Halifax and TSB have reported issues accessing their mobile apps and internet services.
Gynaecology experts from the University of Leicester have announced plans to create a pioneering new blood test designed to help diagnose a rare form of womb cancer.
British supermarket chain Asda has reportedly avoided a fine after it failed to meet its deadline to disconnect from former owner Walmart's computer systems.
In a report published by the human rights charity on Thursday, it said that at least 33 police forces – including the Metropolitan Police, West Midlands Police, Greater Manchester Police, and Essex Police – have used predictive, profiling or risk prediction systems.