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Hyperlayer names first Head of AI as banks push AI

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Hyperlayer has appointed Shantanu Lodh as its first Head of AI, as banks step up efforts to embed artificial intelligence in day-to-day operations.

Lodh joins the banking software company after roles across financial services and technology, with experience in data platforms, AI architecture and engineering in regulated businesses. He will lead Hyperlayer’s AI strategy and technical delivery.

The appointment strengthens the leadership team at the company founded by former Morgan Stanley International Chief Executive Officer Rob Rooney. It also comes after a USD 40 million funding round, equivalent to about GBP 30 million, as the group expands internationally.

Hyperlayer sells software that sits above banks’ core systems, allowing lenders to introduce new products without replacing legacy infrastructure. Its focus is on turning customer instructions, or instructions initiated by AI agents, into financial actions that can be checked, authorised and recorded.

The hire comes amid a broader shift in banking. Financial institutions have spent the past few years testing AI in narrow use cases, but many are now trying to move those systems into governed production environments, where auditability, fraud controls and permissions matter more.

An index compiled by Evident found that banks in its sample reported nearly 50% more AI use cases in 2025. The increase points to stronger deployment activity, even as questions remain over governance, infrastructure and the returns banks can show on investment.

Career history

Lodh most recently worked at Allvue Systems, where he was Head of AI Architecture and set up the AI Platform Team. That work included agentic AI customer products for document processing and private equity workflows.

Earlier, he was Director of Engineering at The Economist Intelligence Unit. He also spent three and a half years at Shawbrook Bank, where he became Director of Data Platforms and led the bank’s data platform after building its data engineering and data science function.

Before that, he was Global Head of Data Science at Bottomline Technologies. He studied economics at the University of Cambridge and the University of Oxford.

At Hyperlayer, his remit will centre on the systems that interpret intent and apply rules before money moves. That includes permissions, fraud checks and audit trails for every action taken through the platform.

Those issues have become more pressing as banks explore what the industry has begun to call agentic banking, where software agents may initiate tasks or transactions on behalf of customers. For banks, the challenge is not only to automate an action, but also to show it was properly authorised and can withstand regulatory scrutiny.

Hyperlayer argues that this layer can be built without replacing a bank’s core ledger or payments systems. Instead, it is positioning its software as a control layer that sits on top of existing infrastructure and makes accounts programmable in a way that remains visible to risk and compliance teams.

Lodh set out that view in his first comments on the move.

“What drew me to Hyperlayer is that it treats AI as an engineering and governance discipline, not a headline. The interesting work in banking now is beneath the model, building systems that can take an instruction and turn it into a financial action that is safe, explainable and holds up under scrutiny. That is a genuinely hard problem, and Hyperlayer is further into solving it in production than any other solution I’ve seen,” said Shantanu Lodh, Head of AI, Hyperlayer.

Rooney said the company wanted someone with experience inside banks, rather than only in research or early-stage AI development.

“The real challenge is turning what a customer or an agent asks for into a financial action that stands up to a regulator. That is a data, architecture and governance problem, and Shan has spent his career solving exactly that kind of problem inside real banks rather than in a lab. He knows what it takes to make AI trustworthy where the money actually moves, which is precisely what our clients need as they scale AI beyond experimentation,” said Rooney.

The hire reflects how competition in banking technology is shifting away from model development alone and towards control, oversight and integration with older systems. For many lenders, replacing core platforms remains too costly and risky, increasing interest in tools that can add new services on top of existing infrastructure.

Hyperlayer, founded in 2023, serves banks and other financial institutions that want to launch new products while keeping established back-end systems in place. Its argument is that the next phase of AI in banking will depend less on experiments at the edge and more on whether firms can manage authorisation and accountability for every action.

In that context, the company is betting that leadership in AI will be judged by whether software can move from instruction to auditable financial execution in a regulated environment.



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Network Rail will not reopen Botley Road early despite completion

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Gas network company SGN confirmed it had repaired three minor gas leaks and left the site on Monday, August 3, six days earlier than expected.

The leaks were discovered during excavation works last month and contributed to the pushing back of the road’s reopening date, yet again, to September 20.

The completion of the gas mains replacement marked a significant step forward in the wider Oxford Station improvement project, which was originally budgeted at £161 million but is now expected to cost at least £237 million.

The development prompted hopes that Botley Road, closed beneath the rail bridge since April 2023, could reopen earlier than planned.

However, Network Rail has moved to manage expectations, saying the project remains on course to meet its existing target date rather than finish ahead of schedule.

A Network Rail spokesperson said: “We’re pleased that SGN has completed its gas mains replacement work.

“While this is an important milestone, it doesn’t necessarily mean the overall project will finish early as some remaining work is dependent on access to the railway, which we have had to rearrange to enable the replacement of the gas main.

“Our focus remains on meeting our planned deadline of 20 September for reopening Botley Road to traffic.”

While the completion of the gas works removes one of the most recent obstacles facing the scheme, Network Rail says further work under the bridge and around the station is still needed before the route can reopen to traffic.





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40-year-old Oxfordshire gymnastics club at risk of closure due to heat

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The club is currently struggling in the summer heat, and has launched a new fundraiser to keep its gymnasts safe.

The club, which is based at Grove House Barn near Warkworth in Banbury, launched the fundraiser so it could buy and install four air conditioning units to keep its space cool.

Currently, the club hopes to raise £7,000 through the appeal so it can buy four 10kW air conditioning units and cover all the installation costs.

So far, the club has raised £380.

Karl Wade, director of Wade Gymnastics, said the club has become “increasingly warm” during the summer months due to the rising temperatures.

READ MORE: Thames Water leakage targets are ‘not realistic’ says boss after pay rise

Wade Gymnastics at Grove House Barn in BanburyWade Gymnastics at Grove House Barn in Banbury (Image: Google Maps)

“Despite our best efforts to keep doorways and shutters open, it becomes very uncomfortable for gymnasts to play and train,” Mr Wade said.

He added: “The safety of our gymnasts and coaches is always our utmost priority.

“Unfortunately, the risk of having to close the business during these hot spells is increasing and we need to have more effective ways of keeping everyone cool.

“An air conditioning system would allow the business to stay open during those extreme hot conditions and continue to provide classes for everyone who attends.”

The gym currently delivers classes seven days a week for around 900 people, which range from toddlers to athletes competing at national level.

The gym club was founded more than four decades ago by Ruth Wade and, for the past 20 years it has been based at its current facility.





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Solihull Council appoints ICS.AI for AI discovery phase

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SOFIAH NICHOLE SALIVIO

News Editor

Solihull Council has appointed ICS.AI to deliver the first phase of an AI Transformation Discovery programme to examine how artificial intelligence could be used across several resident-facing services.

The 24-week programme will review opportunities in Adult Social Care, Children’s Services, Economy & Infrastructure, and Public Health. It is intended to help the council decide where AI could be used and where future spending should be directed.

In this first phase, ICS.AI will assess the council’s readiness for AI and identify use cases across the four service areas. The programme is expected to produce a prioritised shortlist of about 200 use cases, including 50 validated from a finance perspective, alongside a longer-term AI Transformation Roadmap.

The work is intended to create an evidence base before any wider implementation decisions are taken. Ethics, privacy, and safeguarding will be considered throughout the assessment process.

Discovery phase

ICS.AI will use its AI Target Operating Model framework to review Solihull’s current position across five dimensions before ranking opportunities. The outputs will be based on council-owned baseline data and reviewed by public sector specialists.

The approach reflects a broader pattern among local authorities exploring AI in service delivery while facing pressure to justify spending and manage risks around data use and public accountability. Councils have also been seeking clearer business cases before committing to larger technology programmes.

Solihull said the discovery exercise would support a measured approach to service modernisation. The authority wants to identify where AI could improve services for residents while also demonstrating value for money.

“We are committed to taking a well-considered and planned approach to modernising the services we provide. By building a strong evidence base for future decisions, this programme will help us understand where the greatest AI opportunities exist. We will then be able to prioritise those improvements that will deliver the greatest benefit for residents, while ensuring full value for the council,” said Councillor Dave Pinwell, Cabinet Portfolio Holder for Resources, Solihull Council.

Public sector focus

ICS.AI said the Solihull engagement builds on work it has carried out with more than 20 public sector organisations using its AI transformation and discovery assessments. Those organisations include Derby City Council.

The company focuses on AI projects for the public sector, where interest has increased as authorities look for ways to manage demand pressures in social care, public health, and other frontline services. At the same time, councils are under scrutiny to show that new technology investments are proportionate and supported by practical evidence.

Dwayne Johnson, Chief Local Government Officer at ICS.AI, said local authorities need stronger justification before committing funds. “Local authorities need confidence that every investment is backed by robust evidence and long-term value for residents. Solihull Council is taking the right approach by starting with a structured discovery programme that builds a clear understanding of priorities before decisions are made. By developing finance-validated business cases and a practical roadmap, the council can be more proactive in the decisions it makes,” he said.

The programme’s initial outputs are expected to give Solihull a ranked view of where AI could be applied across services, the level of organisational readiness, and which projects may warrant further consideration. This first phase is focused on identifying options rather than moving directly into deployment.

For local government leaders, that distinction is becoming increasingly important as councils test AI in areas that affect vulnerable residents and essential public services. In Solihull’s case, the work spans some of the authority’s most visible functions, including care services, children’s provision, public health activity, and parts of local infrastructure planning.

The council aims to use the findings to inform later investment decisions through finance-validated business cases and a practical roadmap for future priorities.



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