HSBC cost cuts allow focus on innovation

clock • 1 min read

Bank reduces running costs to less than half of overall IT budget

Banking giant HSBC is increasing the amount it spends on IT innovation because of an expected $200m (£106m) reduction in operating costs. HSBC’s global chief information officer (CIO) Ken Harve...

To continue reading this article...

Join Computing

  • Unlimited access to real-time news, analysis and opinion from the technology industry
  • Receive important and breaking news in our daily newsletter
  • Be the first to hear about our events and awards programmes
  • Join live member only interviews with IT leaders at the ‘IT Lounge’; your chance to ask your burning tech questions and have them answered
  • Access to the Computing Delta hub providing market intelligence and research
  • Receive our members-only newsletter with exclusive opinion pieces from senior IT Leaders

Join now

 

Already a Computing member?

Login

You may also like
Government unveils £1.1 billion plan to bolster future skills

Careers and Skills

Will fund training of over 4,000 students across the UK

clock 15 March 2024 • 2 min read
Britain commits £35mn to join EU's semiconductor research programme

Chips and Components

UK semiconductor firms will have access to grants from Europe

clock 14 March 2024 • 2 min read
'As easy as ordering a pizza': How National Grid is building digital competency

Strategy

It's about more than just hiring prompt engineers

clock 26 February 2024 • 3 min read

Sign up to our newsletter

The best news, stories, features and photos from the day in one perfectly formed email.

More on Finance and Reporting

Capita reports £107mn annual losses, blames cyberattack

Capita reports £107mn annual losses, blames cyberattack

Capita's share price plummeted 54% since the attack

clock 08 March 2024 • 2 min read
Salesforce's Benioff: 'This must be the year of Data Cloud'

Salesforce's Benioff: 'This must be the year of Data Cloud'

Makes light of customer's AI bungle, as Q4 profits up 10%

Wade Tyler Millward
clock 29 February 2024 • 8 min read
Nvida revenues rise 265% on AI chips

Nvida revenues rise 265% on AI chips

Looks set to make Nvidia more valuable than Amazon and Alphabet

John Leonard
clock 22 February 2024 • 2 min read