Banking Innovation
Latest news, explainers and analysis on Banking Innovation. Tracking 6 stories on Arth Vani.
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Latest on Banking Innovation
ANZ Bank Completes Landmark Cross-Border Payment Using Tokenised Deposits & Swift Blockchain
Australian bank ANZ has successfully conducted a live cross-border corporate treasury transaction using 'tokenised deposits' on Swift's new blockchain ledger. This marks a significant step towards faster, more secure, and potentially cheaper international payments for businesses globally.
Canadian Banks Explore Tokenised Deposits for Faster, Programmable Payments
Canada's major banks are collaborating to develop a Canadian-dollar tokenised deposit system. This initiative aims to explore how digital representations of money on a secure network could lead to faster and more efficient automated payments in the future. It highlights a global trend towards integrating advanced technology into traditional banking.
BreakingAI to Make Payments Invisible: Trust Emerges as New Currency in Indian Finance
Artificial intelligence is poised to revolutionize payments, shifting them from traditional digital transactions to "delegated commerce" where machines handle payments for consumers. This transformative shift will make trust and real-time controls paramount, becoming essential building blocks for India's evolving financial system.
Egypt's CIB Gets Preliminary Nod to Launch New Digital Bank
Egypt's Commercial International Bank (CIB) has received preliminary regulatory approval to establish a new, digitally native bank. This move signals a significant step in Egypt's financial sector towards embracing digital transformation and catering to evolving customer needs.
Global Banking Giants Barclays, Deutsche Bank Adopt Ant International AI Model
Major global banks, including Barclays and Deutsche Bank, are now utilising an Artificial Intelligence (AI) model from Ant International. This new AI technology aims to enhance their capabilities in predicting cash flows and managing foreign currency funds more efficiently. The adoption highlights a growing trend of financial institutions leveraging advanced AI for critical operational functions.
Bank-Backed Partior & OpenAssets Trial Shows Instant, Secure Digital Asset Transfers
Global settlement platform Partior, backed by major banks, and digital asset provider OpenAssets have successfully tested a new technology. This trial demonstrated how various digital assets, including regulated stablecoins and tokenised bank deposits, can be exchanged instantly and securely. This innovation could pave the way for faster and safer financial transactions in the future.
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