Investec, Verto sign API deal for cross-border transactions
The partnership enables South African businesses to send and receive international payments through a single API.
Source: itweb.co.za
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JM Financial's Amit Ramchandani likely to join Motilal Oswal as i-banking head
In a career spanning nearly 2 decades, Ramchandani has previously worked in investment banking roles at IDFC First Bank, ICICI Securities and SBI Capital
Source: moneycontrol.com
Solving correspondent banking's woes
While AI solutions and ISO 20022’s rollout offer some relief, the challenges to correspondent banking remain acute in an era of ever greater de-risking.
Source: thebanker.com
Quenching the hidden thirst of AI
In recent years, the promise of artificial intelligence (AI) has fascinated technologists and the general public alike. The potential to learn, predict, and simulate through machine learning, especially large language models like GPT-3, is indeed captivating. However, these digital marvels come with a hidden cost: water.
Source: thedailystar.net
AI Could Drastically Change Banking, Claims Experts—But, What Are the Risks?
AI could drastically change the banking industry, as claimed by finance experts. But, these changes that AI will make pose risks.
Source: techtimes.com