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European Central Bank embarks on work to interlink Target with UPI and Nexus Global Payments

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European Central Bank embarks on work to interlink Target with UPI and Nexus Global Payments

The European Central Bank is commencing work to interlink the Eurosystem’s Target Instant Payment Settlement (Tips) with India's Unified Payment Interface and other real-time payment rails across Asia.

Thirteen top tech suppliers to banks singled out for regulatory oversight

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Thirteen top tech suppliers to banks singled out for regulatory oversight

The European Banking Authority has authorised in-depth examinations at thirteen technology suppliers deemed as providing critical services to the financial services community.

Ramp hits $32bn valuation on latest raise

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Ramp hits $32bn valuation on latest raise

Expense management startup Ramp has seen its valuation double to $32 billion in just six months off the back of a $300 million primary financing round and an employee tender offer.

Ex-Revoluters raise $10 million for compliance startup

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Ex-Revoluters raise $10 million for compliance startup

Condukt, an AI-based compliance startup founded by former employees of Revolut, has raised $10 million to support expansion into regulated financial services.

JPMorgan Chase expands into Dubai

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JPMorgan Chase expands into Dubai

JPMorgan Chase is planning to expand in Dubai as part of a push to collaborate with more Middle Eastern businesses.

Central banks of England, Thailand and Singapore to explore synchronised FX settlement

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Central banks of England, Thailand and Singapore to explore synchronised FX settlement

The Bank of England, the Monetary Authority of Singapore, and the Bank of Thailand have joined together to explore the technical and policy implications of settling tokenised foreign exchange (FX) transactions using synchronised settlement mechanisms.

MAS sets out AI risk management guidelines

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MAS sets out AI risk management guidelines

The Monetary Authority of Singapore is to hold bank board members and senior staff responsible for manging risks from the deplyment of artificial intelligence.

JPMorgan and DBS explore interoperability of tokenised deposits

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JPMorgan and DBS explore interoperability of tokenised deposits

JPMorgan's blockchain unit Kinexys is working with Singaporean bank DBS to develop an interoperability framework for tokenized deposit transfers across various types of blockchain networks.

BNP Paribas deploys AI to speed up ESG assessments

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BNP Paribas deploys AI to speed up ESG assessments

BNP Paribas has deployed generative AI to alleviate the time spent by staff in filing ESG assessment reports.

IOSCO highlights risks of tokenisation

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IOSCO highlights risks of tokenisation

A report from the International Organization of Securities Commissions (IOSCO) has highlighted the challenges involved with the nascent tokenisation market including uneven efficiency gains for participants, legal uncertainty and inconsistent regulation.

EIB upgrades green finance digital tool

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EIB upgrades green finance digital tool

The European Investment Bank (EIB) has extedned the coverage of its online tool, Green Checker, which is designed to identify projects eligible for green financing

Bank of England opens consultation on stablecoin regulations

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Bank of England opens consultation on stablecoin regulations

The Bank of England has published a consultation paper (CP) setting out its proposed regulatory regime for sterling-denominated systemic stablecoins, including a cap on holdings for individuals and businesses.

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