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Finance & Banking · 4 min read

HSBC to Cut 70% of UK Wealth Management Advisers as AI Takes Over

HSBC is eliminating approximately 70% of UK financial advisers as CEO Georges Elhedery bets on AI-driven wealth management tools to replace human advisory capacity — with departures expected by end of October 2026.

Oct 10

Finance & Banking · 3 min read

Ant International's AI Model Cuts FX Hedge Costs 60% — Citi, HSBC, and Standard Chartered Sign On

Ant International's Falcon Time-Series Transformer 2.0 was adopted by Citi, HSBC, and Standard Chartered in August 2026, with the model promising to cut foreign-exchange hedging costs by more than 60 percent through AI-driven time-series forecasting.

Sep 12