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Speakerbus goes bust, Broadridge buys Signal, banks mandate cyber training, and more

The Waters Cooler: The Federal Reserve is reserved on GenAI, FloQast partners with Deloitte Australia, UBS invests in Domino Data Lab, and more in this week’s roundup.

Fluid acrylic art. Hand painted beautiful pattern, wallpaper or background. - stock photo

New writer alert! I’m Waters’ newest reporter, Mya Jheeta, and this is my first byline here on the London desk. News-wise, I’m told it’s been a pretty slow week (which definitely isn’t my fault and is just a coincidence—I swear.)

Let’s hope this passes muster as I get my bearings in this incredibly complex industry.

Announced this week

Droit achieves new ISO certification for personal data protection in public clouds

Droit, a technology firm specializing in computational law and regulation, has

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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.

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