@obussmann

Board Chair | Independent NED | Senior PE Advisor | Ex-Group CIO UBS & SAP | AI, FinTech & Enterprise Software & Services | Weekly AI & FinTech Newsletter 55K+

 ZRH | LON | NYC | SIN | HKG
bussmannadvisory.com
Joined January 2010
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Congratulations to the winners of the Innovation in Digital Banking Awards 20201 by @TheBanker thebanker.com/video/v/626615… @joymacknight #FinTech

The Banker – Unrivalled coverage of global finance & banking

The latest UK and international banking, finance and business coverage and analysis, with exclusive interviews and unparalleled access to the finance industry’s most senior leaders and policymakers.

thebanker.com
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Hackers reportedly ran a web of Claude and Grok agents against 400+ Latin American targets, including banks and payments firms. Another detection tool may add less than connecting the ones banks already own. #Cybersecurity #AI
AI-generated illustration: Hackers Employ Grok and Claude to Attack LatAm Banks

ALT AI-generated illustration: Hackers Employ Grok and Claude to Attack LatAm Banks

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pymnts.com/cybersecurity/202… Image: AI-generated illustration.

Hackers Employ Grok and Claude to Attack LatAm Banks | PYMNTS.com

A hacking group known as CyberCartel reportedly used artificial intelligence (AI) agents from several high profile tech companies to automate cyberattacks

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Microsoft's security chief says frontier models "cannot be trusted" because they are unpredictable, not malicious. Microsoft sells the monitoring layer, so it has an interest, but the separation holds: monitors belong outside the labs. #AgenticAI #CISO
AI-generated illustration: Microsoft says AI agents are like insider threats as ‘frontier models can’t be trusted’

ALT AI-generated illustration: Microsoft says AI agents are like insider threats as ‘frontier models can’t be trusted’

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techcrunch.com/2026/10/19/mi… Image: AI-generated illustration.

Microsoft says AI agents are like insider threats as 'frontier models can't be trusted' | TechCrunch

Microsoft wants enterprises to closely watch the agents that employees use with systems not controlled by AI labs like OpenAI and Anthropic.

techcrunch.com
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UBS ranks sixth in the 2026 Evident AI Index and is the only European bank in the top 10. It kept much of Credit Suisse's AI talent and trained 28% of its workforce. Hiring and training both count. #AI #Banking
AI-generated illustration: UBS Ranks 6th Globally in AI Banking Maturity

ALT AI-generated illustration: UBS Ranks 6th Globally in AI Banking Maturity

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fintechnews.ch/aifintech/ubs… Image: AI-generated illustration.

UBS Ranks 6th Globally in AI Banking Maturity

Switzerland’s UBS ranks sixth this year in AI maturity among global banks, sustaining its European lead in adopting and integrating the technology for four consecutive years.

fintechnews.ch
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Mastercard opened early access to Agent Pay for Machines, built on the open x402 protocol. Its demo: nine payments, two merchants, one budget, no separate accounts, API keys or invoices. Spending controls for agents now sit with risk teams. #AgenticAI
AI-generated illustration: Mastercard Debuts Tool to Help AI Agents Purchase Digital Services

ALT AI-generated illustration: Mastercard Debuts Tool to Help AI Agents Purchase Digital Services

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Mastercard Debuts Tool to Help AI Agents Purchase Digital Services | PYMNTS.com

Mastercard has launched early access to Agent Pay for Machines, a tool designed to let autonomous artificial intelligence agents purchase digital

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Santander says serving costs in selected experiments fell from €5 per interaction to about €0.03 after moving to smaller, specialised models. The figure comes from the bank's own release, so test it task by task before you trust it. #AI #Banking
AI-generated illustration: Santander Turns to Nvidia to Build New AI Banking Capabilities

ALT AI-generated illustration: Santander Turns to Nvidia to Build New AI Banking Capabilities

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pymnts.com/news/banking/2026… Image: AI-generated illustration.

Santander Turns to Nvidia to Build New AI Banking Capabilities | PYMNTS.com

Santander has teamed with Nvidia to come up with capabilities for evaluating artificial intelligence models and agents for banking. This work by the

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JPMorganChase, Citigroup and Schwab now bar outside AI agents from moving customer money. Read-only access stays open. Schwab blocks Meta's Muse "in the tens and 20s" each week. Agent payments depend on access banks withhold. #AgenticAI
AI-generated illustration: Big Banks Won’t Let Outside AI Agents Move Money

ALT AI-generated illustration: Big Banks Won’t Let Outside AI Agents Move Money

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Big Banks Won’t Let Outside AI Agents Move Money | PYMNTS.com

A customer who hands a login to an artificial intelligence agent now gets turned away at four of the biggest names in banking in the United States.

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Ledger is investigating a hack that drained $90M from its hardware wallets. The reported cause is tampering in the distribution chain, not broken encryption. Custody risk now includes how devices reach the user. #DigitalAssets #Cybersecurity
AI-generated illustration: Crypto Hardware Wallets Become New Entry Point for Hackers

ALT AI-generated illustration: Crypto Hardware Wallets Become New Entry Point for Hackers

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Crypto Hardware Wallets Become New Entry Point for Hackers | PYMNTS.com

Last week, cryptocurrency hardware wallet company Ledger said it was investigating a hack that drained $90 million from its devices. As Bloomberg News

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Deutsche Bank launches crypto custody in Germany within weeks and in Asia in 2027, holding clients' wallets and private keys. BaFin authorized it under MiCA on October 12. A dated build-or-partner peer example for bank COOs. #Banking #Crypto
AI-generated illustration: Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears

ALT AI-generated illustration: Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears

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Deutsche Bank targets Asia crypto custody expansion in 2027 as German launch nears

The service will initially support bitcoin, ether and the stablecoins USDC, EURC and EURAU, with the bank managing clients’ wallets and private keys.

coindesk.com
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Anthropic commits 5% of its shares to a public benefit fund, plus 2% more for every 50% rise in company value. Governance details are promised only "in the coming months," so who decides remains open. #AI #Governance
AI-generated illustration: Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

ALT AI-generated illustration: Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’

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techcrunch.com/2026/10/18/an… Image: AI-generated illustration.

Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’ | TechCrunch

The company offered some broad-strokes ideas for how this money might actually be used, such as “large donations to traditional nonprofits or direct distributions to specific populations.”

techcrunch.com
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World launched World ID for banking and finance, with AgentKit in beta letting a person delegate proofs to an AI agent without revealing personal data. Only 35% of consumers would share saved payment credentials with an agent. #AgenticAI
AI-generated illustration: Sam Altman’s World Debuts ID Verification for AI Agents

ALT AI-generated illustration: Sam Altman’s World Debuts ID Verification for AI Agents

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pymnts.com/news/artificial-i… Image: AI-generated illustration.

Sam Altman's World Debuts ID Verification for AI Agents | PYMNTS.com

Sam Altman’s iris-scanning project World is making what it calls its “first industry-specific push.” The company on Sunday (Oct. 18) announced World ID

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