Bank
Bank of Korea Plans Amendment to Foreign Exchange Act to Regulate Stablecoins
The Bank of Korea will approve an amendment to the Foreign Exchange Act to regulate stablecoins by the end of the year, according to the Chairman of the Financial Services Commission.
World Launches World ID to Combat Fraud
World has launched the World ID infrastructure for funding and combating fraud using AI. Learn about the initiative and its significance.
US Bank Stocks Fall for 6 Consecutive Weeks – Worst Streak Since 2008
US bank stocks have fallen for 6 consecutive weeks, marking the worst streak since 2008.
Farsight and Ornn Join Forces to Simplify AI Use in Banks
Farsight and Ornn have announced a partnership to help banks develop and implement AI in their infrastructure.
Spade Launches Spade Predictions Product for Banks and Fintech Companies
Spade has introduced a new product, Spade Predictions, which provides banks with access to transaction analytics using AI.
BNY Executes First Deal with Tokenized Assets
BNY and Citadel Securities completed their first repo transaction with tokenized U.S. Treasury assets, significantly speeding up the settlement process.
BIS: Digital currencies are not ready for implementation due to leakage risks
The Bank for International Settlements reported that digital currencies could provide confidentiality similar to cash, but emphasized risks such as bank data leaks.
US Banks Profited from SpaceX IPO but Depend on Growth in AI
The banks' dependence on growth in AI may lead to vulnerabilities in the future.
Egyptian Banks Suspend New Loans to Real Estate Companies
Egyptian banks have temporarily halted the issuance of new loans to developers until the assessment of troubled projects is completed.
The AT1 Segment Struggles Amid Global Bond Decline
Rising interest rates negatively impact banks with large mortgage businesses and AT1 segments.