Palantir and Partners Revolutionize AI Deployment in Banking In the ever-competitive landscape of the banking industry, staying ahead of the curve is essential. With the exponential rise of data and the increasing demand for personalized services, banks are turning to artificial intelligence (AI) to streamline operations, enhance customer experiences, and drive growth. However, the integration […]
US banks allowed to manage crypto on customers’ behalf
US Banks Granted Authority to Manage Crypto on Behalf of Customers In a significant development for the financial industry, US banks have been granted the authority to manage cryptocurrencies on behalf of their customers. This move comes as a result of updated guidance from the Office of the Comptroller of the Currency (OCC), which now […]
Bank of Italy warns about crypto risks and US policy influence
Italian Banks Quietly Entering the Crypto Space Despite Bank of Italy’s Warnings and US Policy Influence The Bank of Italy recently issued a stern warning about the risks associated with cryptocurrencies, highlighting concerns about their volatility and lack of regulation. This caution comes at a time when digital assets are gaining increasing attention from institutional […]
ING eyes Euro stablecoin as MiCA opens door for banks
ING Explores Euro Stablecoin Opportunity as MiCA Regulation Allows Banks to Issue Digital Currencies The world of banking is on the brink of a major transformation as the European Union’s Markets in Crypto-Assets (MiCA) regulation opens up new possibilities for financial institutions. Among the frontrunners in exploring these opportunities is ING, one of the largest […]
Bank appoints head of AI enablement
Bank Appoints Head of AI Enablement to Drive Growth Across 41 Markets Standard Chartered, a leading international bank, has recently made a strategic move by appointing a Head of AI Enablement. This decision comes as part of the bank’s ambitious plans to leverage artificial intelligence tools to drive growth across its operations in 41 markets. […]
Metro Bank teams up with Ask Silver to fight fraud
Metro Bank Teams Up with Ask Silver to Fight Fraud As the digital landscape continues to evolve, so do the tactics of fraudsters looking to exploit unsuspecting individuals and businesses. In a strategic move to combat this rising threat, Metro Bank has recently announced a groundbreaking partnership with Ask Silver, an AI-driven platform renowned for […]
Itaú Unibanco explores real-pegged stablecoin creation
Itaú Unibanco Explores Real-Pegged Stablecoin Creation Itaú Unibanco, one of Brazil’s leading financial institutions, has set its sights on delving into the world of stablecoins by exploring the creation of a real-pegged digital currency. With the rise of blockchain technology and the increasing popularity of cryptocurrencies, Itaú Unibanco’s move towards stablecoin development showcases a strategic […]
FDIC permits banks to engage in crypto without prior approval
FDIC Permits Banks to Engage in Crypto Without Prior Approval In a monumental shift for the banking industry, the Federal Deposit Insurance Corporation (FDIC) has recently announced that banks are now permitted to engage in cryptocurrency activities without prior approval. This decision marks a significant departure from the FDIC’s previous stance, as documents released following […]
Custodia and Vantage launch first US bank-issued stablecoin
Tokenised Banking Deposits: Custodia and Vantage Lead the Way in US Stablecoin Innovation In a groundbreaking move that could revolutionize the financial landscape, Custodia and Vantage have joined forces to launch the first US bank-issued stablecoin. This collaboration marks a significant milestone in the integration of blockchain technology into traditional finance, showcasing the potential for […]
India’s banks encouraged to adopt AI for consumer protection
India’s Banks Urged to Embrace AI for Enhanced Consumer Protection In a rapidly digitalizing world, the banking sector is continuously evolving to meet the changing needs and expectations of consumers. In India, where the banking industry received over 10 million complaints last year alone, there is a growing call for the adoption of Artificial Intelligence […]