Banking

For business firms, money is not merely a means of exchange. It is an accounting tool, unit of account, and a foundation for liquidity management. CBDCs (central bank digital currency) bring the promise of state-issued digital money that is...

JPMorgan Chase confirmed that it will launch its Chase digital retail bank in Germany during the second quarter of next year, marking a significant step into the highly competitive retail banking sector of Europe’s largest economy. The move underscores...

Malaysia has stepped into a new age of financial services with the opening of Ryt Bank, the world's first AI powered bank built by Malaysia for Malaysians, officially recognized.  The effort is led by YTL Group and Sea Limited and...

Standard Chartered and Ant International have entered into a collaboration to roll out an AI-powered Treasury and FX management solution that integrates Ant International’s Falcon Time-Series Transformer (TST) Model with Standard Chartered’s Aggregated Liquidity Engine (SCALE). Both Standard Chartered and...

QNB achieved another major milestone as it became the first bank in the GCC to enable Digital Wallet acceptance through a single, unified integration on the Mastercard Gateway Hosted Checkout platform. The solution utilizes Mastercard Gateway's new Hosted Checkout functionality,...

Cognizant announced a five-year strategic engagement with Temenos, a leading global banking technology provider, to develop and market the Temenos Country Model Bank in Australia. The Temenos Country Model Bank extends Temenos’ core banking platform, offering financial institutions pre-configured,...

Japan’s Mitsubishi UFJ Financial Group and JPMorgan Chase are reportedly in advanced discussions to underwrite a $22 billion loan for a major Texas data center project, signaling the heightened interest of financial institutions in the expanding digital infrastructure sector. The...