Global Scans · Financial Services · Weekly Summary

• [New] In addition to identifying areas of potential growth for AI in financial services, part of their role will be to help to ensure the UK's policy, regulatory, and investment environment is fit for purpose as AI becomes an increasingly important in global competition. Taylor Wessing
• [New] Financial services tech will make up 17.1% of US total tech spending in 2026. Forrester
• [New] Forrester expects US financial services tech budgets, including staff costs, to reach $495 billion in 2026, up from $449 billion in 2025, representing 10.3% year-over-year growth. Forrester
• [New] AI spending is forecast to more than double to reach $632 B by 2028, with financial services among the top investors. Insight Global
• [New] Financial services expect transformative changes by adopting Quantum AI for complex risk assessments, portfolio optimization, and fraud detection. BUSINESS 2.0 NEWS
• [New] Regulatory topics that will have a significant impact on institutions operating in the UK financial services sector in 2026. Global Relay Intelligence & Practice
• [New] If enacted, the CRYPTO Act would require virtual currency businesses to hold a BitLicense issued by the New York State Department of Financial Services or risk prosecution for unlicensed virtual currency business activity. Fenwick
• [New] Financial services becoming technology As we enter 2026, the boundary between banking and technology will become increasingly indistinguishable. FStech
• [New] Savers do not have to take on additional risk by switching to a smaller or digital provider because many challenger banks are also covered by the Financial Services Compensation Scheme, which protects deposits up to £120,000. The Money Pages
• [New] Europe's 20th sanctions package will further increase pressure on Russia through measures on energy, financial services, and trade, while cracking down on attempts to bypass them. Mint
• [New] T-Mobile is leveraging its scale and nationwide 5G Advanced network to expand into new growth areas, including advertising, financial services, and long-term opportunities in edge and physical AI. T-Mobile Newsroom
• [New] Extending the tax holiday to 20 years, followed by a concessional regime, considerably enhances India's attractiveness as a global financial hub and is expected to draw long term foreign capital and high value financial services. KPMG
• [New] By 2030, the FCA should remain an outcomes-based regulator - one that enables innovation, manages risks, and protects consumers as AI becomes more embedded across retail financial services. FCA
• [New] Financial services leads with $31.3 billion invested in AI and analytics in 2026, while healthcare analytics grows at 21.1% CAGR toward $167 billion by 2030. Integrate.io
• [New] In 2026 we expect to see financial services firms leaning in heavily to the power of AI-agents. Ashurst
• [New] Financial services is expected to remain the largest industry investor in AI through 2028, prioritizing explainable and secure systems. Insight Global
• [New] Apple Pay, Apple Card, and potential expansion into additional financial products could significantly expand Services revenue. Deep Research Global
• [New] JPMorgan, the financial services titan, is piloting quantum algorithms like QAOA (Quantum Approximate Optimization Algorithm) for portfolio optimization, with industry analysts estimating an estimated $2 trillion value creation opportunity by 2035 from quantum optimization across financial markets. Medium
• [New] McKinsey's Quantum Technology Monitor (2023) adds an industry-value framing: industries like automotive, chemicals, financial services, and life sciences could potentially gain $1.3 trillion in value by 2035. The CDO TIMES
• The adoption of blockchain, tokenization, and stablecoin technology will unfold as a series of distinct waves across various financial services sectors, rather than a single, monolithic surge. Evotek JSC - Award-winning custom software development
• The losses from GenAI fraud are expected to hit $40 billion by 2027 according to the Deloitte Center for Financial Services. JD Supra
• While the hype around AI persists, 2026 is shaping up as the year agentic AI will create scaled transformation in financial services. Accenture Banking Blog

Last updated: 16 February 2026