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The European Commission has published its legislative proposal establishing the legal framework for a possible digital euro, stressing that the CBDC would be a compliment to, not replacement for, cash.
28 June 2023
Japanese bank Mizuho has made Microsoft’s OpenAI platform available to its 45,000 workers.
The European Union has reached a “political agreement” on new capital adequacy rules for banks’ digital assets.
Microsoft has enlisted Barclays to help it test the world’s first analog optical computer that uses photons and electrons to process continuous value data.
27 June 2023
UK high street bank Lloyds has invested £2 million in AI-based corporate banking platform for financial institutions and corporates, Fennech.
JPMorgan Chase has been fined $4 million by the Securities and Exchange Commission for mistakenly deleting 47 million emails, some of which the watchdog was trying to access.
26 June 2023
TreasurySpring, the London-based investment platform that helps firms unlock and protect the value of their cash assets, has raised $29 million in a Series B funding round led by Balderton Capital.
The penultimate session of EBAday 2023 covered the myriad of challenges currently being faced in liquidity management. The impact of regional conflicts and subsequent sanctions, as well as supply chain issues, have made the future volatile.
Indian IT services provider Infosys has secured a digital transformation contract with Denmark’s Danske Bank.
The role of the legislation is a core part of any EBAday, and this was not missing from EBAday 2023. A session on the second day of the event aimed at highting how to prepare for the European legislative landscape of the instant payments regulation and the upcoming Digital Operational Resilience Act (DORA).
Google Cloud has developed an AI-powered product designed to help global financial institutions more effectively and efficiently detect money laundering.
Asset managers and institutional investors are much likely to trade digital assets if there is a recognised custodian involved, suggests recently publish research.
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