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BMO plans to introduce new 24/7 tokenized cash capabilities that will allow its institutional clients to move value more easily and securely.
To offer these capabilities, BMO will leverage CME Group’s permissioned network on Google Cloud Universal Ledger (GCUL), the bank said in a Tuesday (March 24) press release.
This collaboration will enable BMO clients to convert dollars into a...
Interoperability is moving from technical aspiration to what looks to be a defining feature of peer-to-peer payments, as digital wallets evolve from simple payment tools into the infrastructure through which money circulates.
The early promise of wallets rested on speed and convenience. The work in progress is whether those wallets can speak to one another.
Interoperability as the...
FedEx has debuted a program designed to let customers get deliveries within two hours.
FedEx SameDay Local, introduced Tuesday (March 24) in partnership with last-mile delivery solution company OneRail, lets shoppers choose two-hour or end-of-day delivery at checkout.
“At FedEx, we’re supporting our customers in pushing the boundaries of their value proposition around speed and...
The past few weeks have seen numerous headlines about AI-related job cuts.
However, new research shows that America’s chief financial officers (CFOs) expect that artificial intelligence (AI) will lead their companies to cut just a small number of jobs this year, the Wall Street Journal (WSJ) reported Tuesday (March 24).
The study, released this week as a working paper by the National...
Oracle has introduced several new or updated features designed to help enterprises deploy artificial intelligence agents.
The company’s new Fusion Agentic Applications are built into Oracle Fusion Cloud Applications and are powered by teams of specialized AI agents, according to a Tuesday (March 24) press release. Twenty-two new Fusion Agentic Applications are available, including ones...
The debate over artificial intelligence policy has entered a new phase, as Washington moves toward a national framework that seeks to unify a fragmented regulatory landscape and establish clearer expectations for how the technology is governed across industries, including banking.
For banks, the timing is not incidental. The industry has already embedded AI into core operations, a...
Anthropic says its Claude AI model can now use customers’ computers to carry out tasks.
“It opens your apps, navigates your browser, fills in spreadsheets—anything you’d do sitting at your desk,” the artificial intelligence (AI) startup said in a post on X (Monday).
The post included a video that showed a series of scenarios where this function would come in handy, like someone with...
For all the urgency surrounding artificial intelligence, many companies are still in Automation 1.0.
While AI as a buzzword has become shorthand for progress, inside most organizations, what is labeled “AI” is more accurately described as an extension of earlier automation technologies.
Thes firms are focused on using technology to move faster, not think smarter. The distinction...
Circle Internet Group and Sasai Fintech, a pan-African digital payments solution provider, have partnered to explore applications for Circle’s USDC stablecoin across Africa.
Sasai Fintech, a business of Cassava Technologies, operates across key payment corridors and offers a suite of digital financial services that enables business payments, cross-border transfers for individuals and...
British regulators have fined the Bank of London for providing fabricated documents about its finances.
The Prudential Regulation Authority (PRA) announced the fine of 2 million pounds ($2.6 million) against the bank and its parent company Oplyse Holdings Limited on Tuesday (March 24) for misleading the regulator about its capital position, “failing to act with integrity,” failing to...