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Nalezeno "AI in banking": 2164

NYCB and Group of Banks Join to Launch USDF Stablecoin


A group of U.S.-based banks is launching their own stablecoin, USDF. The stablecoin will be issued by the USDF Consortium, which will allow its members (financial and banking institutions) to issue USDF. The proposed stablecoin will be the first currency of its kind to be minted by FDIC-insured...

Revolut Launches Banking Services in Spain Featuring Deposit Insurance


Revolut, a leading fintech platform and neobank, has received a special banking license to operate in Spain. User deposits are now insured up to €100K, with the coverage being provided by Deposit and Investment Insurance, a Lithuanian state company. The company, which now has over 800,000...

How DeFi Can Help Narrow Wealth Gap


  Hisham Khan, CEO of Aldrin, a Solana-powered crypto exchange._____ In 2021, we saw crypto become more accessible to those who truly need it. In 2022, we could finally see the wealth gap start to narrow. While a significant portion fueling the adoption of crypto has been hype and speculation...

Seba Bank raises $119M in Series C funding


“This funding will allow us to further develop our digital asset banking platform and strengthen our presence in global markets by attracting new talent,” says Guido Buehler, CEO of Seba Bank

CBDCs in 2022: New Trials and Competition with Crypto


___  ___ Central bank digital currencies (CBDCs) were one of the biggest stories of 2021 as far as blockchain and cryptocurrencies were concerned, even if CBDCs don’t necessarily have anything to do with either blockchain or decentralized cryptocurrencies. Because for each new all-time high...

Major South Korean Securities Firms, Investors Warming to Crypto


  South Korean investors are “finding it hard to resist the allure of crypto,” while a number of leading domestic securities firms have suddenly started producing reports on the sector – indicating that fund managers may be casting an eye on the markets.... Read More: Major South Korean Securities...

Polish Banks Mull CBDC, Cryptoasset Projects


  Poland’s central bank (Narodowy Bank Polski, NBP) and the country’s largest retail bank seem to be accelerating their respective works on developing digital assets - with the former potentially working on a central bank digital currency (CBDC), and the latter possibly moving to launch its...

Sberbank Launches First Blockchain ETF in Russia


Russian banking giant Sberbank has presented the country’s first exchange-traded fund (ETF) giving investors access to the blockchain space. The new instrument holds securities of companies dealing with cryptocurrencies and the technologies that underpin them. Sberbank Introduces...

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