University of Warwick receives £1.25 million to revolutionise AI and financial research

A collection of Sterling notes.

The University of Warwick has received a £1.25 million donation to launch the FutureFinance.AI Research Group that could transform the way the world purchases, sells, rents and handles real estate over the next five years.

Based in the Gillmore Centre for Financial Technology at Warwick Business School, the new Research Group will draw interdisciplinary scholars and thinkers from across the world to redefine and innovate the financial and property technology...

More than 60% of countries were developing central bank digital currency in 2023

Central bank digital currency, or CBDC, became an increasingly trending topic in 2021 after cash payments significantly dropped and cryptocurrencies and stablecoins grabbed news headlines.

While only a handful of countries already launched their CBDCs, many governments are exploring the possibility of using digital forms of central bank money.

According to data presented by AltIndex.com, more than 60% of all countries, or 130 of them, worked on developing their central...

Citi develops blockchain FX solution as part of Singapore’s Project Guardian

Investment bank and financial services company, Citi, has developed an innovative application that uses blockchain infrastructure to price and execute bilateral spot foreign-exchange (FX) trades. 

The application is a part of Project Guardian, a collaborative initiative by the Monetary Authority of Singapore (MAS) and the financial industry. While the current phase of the application tested spot FX for USD/SGD, the underlying solution could be used for any fiat currency pair. The...

BT Group chooses Optiva for next-generation app server upgrade

Handshake

Fixed and mobile telecommunications provider, BT Group, has extended its strategic partnership with Optiva to develop and monetize new B2B, B2C and B2B2X services.

Optiva’s application server, a key component of the Optiva Charging Engine, will be upgraded to a next-generation, cloud-native, open architecture service creation platform. It will include Optiva’s Open API framework, enabling integration with new cutting-edge technology partners, including blockchain and...

Researchers propose a Web 3.0 streaming architecture and marketplace

Web3

Web 3.0 is a blockchain technology-based internet paradigm that is transparent and decentralised. But, Web 3.0 streaming services require modifications to the existing service structure due to certain technical issues.

Now, researchers from Incheon National University have proposed 'Retriever', an Inter-Planetary File System (IPFS) based Web 3.0 technology and non-fungible token marketplace. The proposed marketplace reduces service delay and improves user experience by deploying...

Ripple added to Central Bank of Ireland’s virtual asset service providers register 

Ripple, a specialist in enterprise blockchain and crypto solutions, has revealed that the Central Bank of Ireland (CBI) has added its Irish subsidiary Ripple Markets Ireland Limited (Ripple Markets) to its list of registered Virtual Asset Service Providers (VASPs).

The decision will support Ripple’s business since, as a registered VASP, Ripple Markets will be able to provide certain digital asset services within Ireland.  

Following the registration, Ripple will...

Blockchain Expo: Modernising banking with blockchain and DLTs

Sabih Behzad, Head of Digital Assets and Currencies Transformation at Deutsche Bank, shared his views on blockchain and DLT innovation during a session at this year’s Blockchain Expo Global.

Behzad shed light on the complexities that traditional banks face, particularly in terms of moving money globally. He highlighted the limitations of current infrastructure, operating on a non-stop, 24/7 basis due to overlapping business hours across different regions.

Additionally,...

Tokenbridge using blockchain tech to enhance ID processes for The Tracing Group

Tokenbridge, a B2B tokenisation platform streamlining the wealth and fund management ecosystem, is working with financial client data firm, The Tracing Group (TTG), to implement blockchain technology to streamline Know Your Client (KYC), Anti-Money Laundering (AML) and client identification processes.   

TTG collaborates with global banks, pension schemes, and wealth managers including the Natwest Group and Santander, to locate and verify missing customers. It is also a leader...

Tokenbridge launches tokenisation platform for wealth and fund management

A collection of Sterling notes.

Tokenbridge, a token aggregator and distribution platform streamlining the wealth and fund management ecosystem, has launched what it describes as a revolutionary suite of services.

Targeted at fund managers, financial advisors, and their forward-thinking next generation clients, the platform is poised to transform investment management with distributed ledger technology (DLT), providing efficiency and access to the digital investment frontier. Tokenbridge offers an...

Australian stock exchange abandons blockchain revamp

Two kangaroos playing together on a beach.

Australia’s primary securities exchange, ASX, has ditched its plans to embrace blockchain and signed an agreement with Tata Consultancy Services (TCS) to provide a next generation clearing and settlement platform to service the Australian market.

ASX will implement TCS’ flagship product TCS BaNCS for Market Infrastructure to enable the transformation.

Prior to the announcement, the ASX had been working on a seven-year rebuild of its old software. Its new platform...