The US bank, which already has 350 employees based in the city, will transfer some trading activities currently undertaken in London and create a further 150 to 250 jobs according to reports.
Banks which start to prepare now for the region to join the move to immediate payments can secure a major competitive advantage.
A study by the London-based insurance market warns that economic losses could be similar to losses unleashed by Superstorm Sandy in 2012.
With less than 12 months left before the General Data Protection Regulation comes into force across Europe, many firms are still alarmingly unprepared.
Open banking promises to provide better services to consumers, more informed decision making and lower costs for banks. However it also requires a mindset change by the industry.
Nearly one in five organisations now regularly use artificial intelligence, according to the latest reports.
Understanding the deep and dark web will help financial organisations combat the threats they face in a cyber world.
Over the last year, British politics has had a recognisable theme; unexpected ballots with unintended consequences - particularly for financial markets.
While the General Data Protection Regulation that comes into force next May is an EU initiative, the impact will be felt worldwide warns NTT Security.
The banking industry is on the frontline of technology adoption, and with the rise of fintech, banks are facing increasing pressure to evolve all aspects of the traditional ‘brick and mortar’ model.