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Japanese banks pilot stablecoin-based cross-border payments

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Japanese banks pilot stablecoin-based cross-border payments

Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.

The Bank of London scrambles to deal with unpaid tax bill

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The Bank of London scrambles to deal with unpaid tax bill

The Bank of London was handed a winding up order by UK tax authorities over unpaid bills just days after founder Anthony Watson stepped down as CEO.

Brazil preps new round of CBDC pilots

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Brazil preps new round of CBDC pilots

Google, Visa and Nubank are among the big names selected to take part on the second round pilots for Brazil's Drex CBDC project.

Sustainable Finance Live 2024: Bank of Spain releases report on satellite data

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Sustainable Finance Live 2024: Bank of Spain releases report on satellite data

The Bank of Spain has recently released a report outlining the potential of satellite data to make a difference in collecting climate-related data.

Gen AI for compliance startup Sedric Ai raises $18 million

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Gen AI for compliance startup Sedric Ai raises $18 million

Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.

BIS field study show AI use can boost productivity among programmers

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BIS field study show AI use can boost productivity among programmers

A Bank for International Settlements' field study on AI use by Ant Group programmers demontrated a clear boost in the number of lines of code produced by staff exposed to the Large Language Model.

Revolut doubles down on B2B market opportunity

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Revolut doubles down on B2B market opportunity

Revolut's head of business says the fintech is 'agressively doubling down" on the B2B market as annual revenues at the unit surpass $500 million.

Lloyds to use AI to automate trade finance checks

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Lloyds to use AI to automate trade finance checks

Lloyds Bank is to use AI technology from Cleareye to eliminate the manual drudgery of paper processing and compliance checking for trade finance documentation.

UAE payments fintech Ziina scores $22 million Series A

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UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Banks and technology firms unite to test corporate digital IDs

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Banks and technology firms unite to test corporate digital IDs

The UK Government-backed Centre for Finance, Innovation and Technology (CFIT) has teamed up with leading banks and technology firms to test digital verification as a means to combat spiralling levels of economic crime.

Fed governor Waller cool on interlinking fast payment systems

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Fed governor Waller cool on interlinking fast payment systems

Federal Reserve governor Christopher Waller has cautioned against the clamour to interlink national fast payment systems, insisting that the US is focused on building up its FedNow network domestically.

Goldman, Nomura tap Meta Llama AI models

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Goldman, Nomura tap Meta Llama AI models

Goldman Sachs and Nomura are among the companies using Meta's Llama open source artificial intelligence models.

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