The UK is consulting on new measures for greater resilience among British businesses’ cyber security. This move is part of a £2.6 billion National Cyber Strategy and comes after high profile cyber-attacks.

The Senate Judiciary Committee voted 16-6 this week to advance a major tech competition bill, says CNBC.Heralded by some as legislators’ best chance to meaningfully reform laws around Big Tech, the American Innovation and Choice Online Act would have a considerable impact on firms such as Amazon, Apple, Google - as well as Meta and TikTok.

JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.

Shield, a workplace intelligence platform for compliance teams at financial services firms, has raised $15 million in a Series A funding round led by Macquarie Capital and OurCrowd.

The UK's Prudential Regulation Authority (PRA) is looking at ways to access more data from Amazon Web Services, Microsoft Azure and Google Cloud amid concern about how important the three have become to the financial services sector, according to the Financial Times.

Source: Federal Reserve

The Federal Reserve on Wednesday issued an update to the Federal Reserve Payments Study (FRPS) to include findings from recent survey data.