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Tomorrow’s institution cares more about its risk than its performance

Execs from BlackRock, BMO, and Ness Digital Engineering discuss the balancing act of the wildly shifting priorities each of their organizations contend with every day.

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Credit: Getty Images

For every step forward, it seems there’s one, or even two or three, back. Such is the nature of innovation and its unintended consequences. AI has given the world ChatGPT and virtual reality, but it’s also created deepfakes and led to a mountain range of auto-generated online disinformation. Cloud has made data storage easier and cheaper than ever before, but has prompted real concerns around privacy, security, and 24/7 reliability.

It’s these double-edged swords that keep Aishwarya Venkatesan

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

DTCC dives into public cloud

The clearing house has begun migrating its equities clearing and settlement systems to AWS, while its tokenization systems have migrated to Microsoft Azure ahead of their launch this fall.

MCP is dead, long live MCP

The Waters Wrap: Reb dives into the trenches of the online developer community to see whether its reputation as the great enabler of the AI age is justified.

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