Banking

Deutsche Bank has announced the successful execution of its first euro-denominated cross-border payment on Partior's blockchain platform, a major milestone in the bank's digitalization with distributed ledger technology. The live transaction on blockchain was executed in collaboration with DBS,...

UBS, PostFinance and Sygnum have completed what is being described as a first for Switzerland’s banking industry: a legally binding interbank payment using tokenized bank deposits on a public blockchain. The pilot, supervised by the Swiss Bankers Association, explored...

Lloyds Banking Group and Broadcom Inc. have entered a new multi-year agreement to drive forward the bank’s digital transformation. The new partnership is intended to help fortify the bank's infrastructure by harnessing advanced mainframe and private cloud technologies. As part...

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...