Revolut Tests Pound Stablecoin

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Revolut is set to begin testing a pound-denominated stablecoin as part of a regulatory trial overseen by the UK’s Financial Conduct Authority.

The initiative will take place within the regulator’s sandbox framework, which allows financial firms to experiment with new products under controlled conditions. The pilot will involve a limited group of participants and focus on potential applications such as payments and settlement processes.

Stablecoins are digital tokens designed to maintain a fixed value by being linked to traditional currencies. Interest in such instruments has grown globally, although major UK financial institutions have taken a cautious stance.

Regulators have indicated that trials like this are intended to explore how emerging technologies might enhance efficiency in financial services while maintaining safeguards.

Revolut plans to begin work on the project in the coming months, reflecting continued efforts to expand digital asset capabilities within established oversight structures.

Cognizant Downplays AI Threat

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Cognizant’s leadership has said concerns that emerging artificial intelligence tools could replace large IT services firms are overstated.

Executives noted that while advanced systems are transforming workflows, organizations still require expertise to implement, integrate, and manage these technologies effectively. The complexity of deploying AI within enterprise environments continues to create demand for specialized services.

Industry discussions have highlighted potential disruption from newer AI-driven solutions. However, Cognizant emphasized that businesses typically need structured support to scale and govern these systems rather than relying solely on automated tools.

The company expects continued growth as clients expand adoption of AI across operational processes. Leadership indicated that technological change may reshape roles but is unlikely to eliminate the need for service providers in the near term.

The perspective aligns with broader views in the IT sector that artificial intelligence is more likely to drive transformation than displacement.

Schneider Gains on Data Demand

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Schneider Electric reported stronger-than-expected earnings, supported by rising demand for data center infrastructure.

The company, which provides critical systems such as cooling solutions and power management equipment, has benefited from increased investment in digital infrastructure. Data centers and related networks now account for a significant share of its order intake.

Growth has been driven primarily by demand in North America, with additional momentum emerging across parts of Europe. The expansion of AI-related computing capacity has intensified the need for reliable energy and operational systems.

Quarterly revenue showed solid organic growth, while full-year core earnings exceeded market expectations despite currency headwinds.

Looking ahead, the company outlined moderate growth projections, which analysts viewed as cautious given ongoing demand trends in digital infrastructure.

Leadership changes were also announced, with a new chief financial officer set to assume the role in April.

The results reflect continued momentum in sectors tied to large-scale computing and energy-efficient infrastructure.