Banks Join Forces to Create MiCAR-Compliant Digital Currency In a groundbreaking move set to revolutionize the financial landscape, a consortium of banks is collaborating to introduce a new MiCAR-compliant digital currency. Anticipated to debut in 2026, this innovative stablecoin is poised to bolster Europe’s payment autonomy significantly. The initiative not only underscores the banking sector’s […]
Swiss banks achieve milestone with deposit token test
Swiss Banks Achieve Milestone with Deposit Token Test Switzerland, known for its precision in watchmaking and banking, has once again proven its commitment to innovation with the recent successful deposit token test. This milestone not only showcases Switzerland’s dedication to staying at the forefront of digital money innovation but also underscores the country’s ambition to […]
Bank of Russia plans crypto derivatives access for funds
Bank of Russia Paves the Way for Crypto Derivatives in Mutual Fund Portfolios In a groundbreaking move, the Bank of Russia is set to revolutionize the investment landscape by allowing futures contracts on Exchange-Traded Funds (ETFs) that track Bitcoin to be included in mutual fund portfolios. This decision comes as part of new regulations by […]
Russian lawmaker pushes for creation of national crypto bank
Russian Lawmaker Advocates for Establishment of National Crypto Bank Yevgeny Masharov, a prominent figure in the Russian legislative scene, has recently proposed the creation of a national crypto bank. This bold initiative aims to channel billions of transactions into the legal economy, effectively reducing the reliance on illicit exchanges and fostering a more transparent financial […]
AI improves customer experience at Citi
AI Revolutionizes Customer Experience at Citi In the fast-paced world of banking, customer experience is paramount. Citi, a global leader in the financial services industry, has taken a bold step forward by harnessing the power of Artificial Intelligence (AI) to enhance their customer service. With over 2.3 million sessions now being handled on Citi’s expanded […]
Fed urges banks to embrace blockchain innovation
Fed Urges Banks to Adopt Blockchain for Streamlined Operations The Federal Reserve has recently issued a compelling directive to banking institutions: embrace blockchain technology or risk falling behind in the rapidly evolving financial landscape. This call to action comes as no surprise, given the numerous benefits that blockchain offers in terms of efficiency, security, and […]
Santander expands AI-first strategy with OpenAI
Santander Boosts Innovation with ChatGPT Enterprise Integration Santander, a global banking giant, is taking a bold step forward in its commitment to innovation by expanding its AI-first strategy with the integration of ChatGPT Enterprise, developed by OpenAI. This move marks a significant milestone in the bank’s digital transformation journey and underscores its dedication to leveraging […]
Altman warns AI voice cloning will break bank security
AI Voice Cloning: The New Threat to Bank Security With the rapid advancements in artificial intelligence (AI) technology, concerns about the security of personal information have become more pressing than ever. Recently, the Federal Reserve (Fed) and OpenAI engaged in discussions highlighting the urgent need for new identity verification methods to combat the growing threat […]
US banks plan stablecoins as crypto rules evolve
US Banks Strategize Stablecoins to Navigate Crypto Regulation Changes In the ever-changing landscape of cryptocurrency regulations, US banks are looking into innovative solutions to bridge the gap between traditional finance and the digital asset space. One such solution gaining traction is the utilization of stablecoins pegged to fiat currencies. These stablecoins could potentially offer a […]
AI’s future in banking depends on local solutions and trust
AI’s Future in Banking: The Crucial Role of Trust and Local Solutions Artificial Intelligence (AI) has rapidly become a game-changer in the banking industry, revolutionizing processes, enhancing customer experiences, and improving decision-making. However, as AI continues to shape the future of banking, experts emphasize the critical importance of trust and transparency in AI-driven finance. In […]