January 2024 - Page 12

Key points: Bank Rakyat Indonesia (BRI) has developed a mobile banking app called BRImo to drive financial inclusivity and digital literacy. BRImo has contributed to the growth of the mobile banking sector

China’s central bank injected liquidity into the banking system through reverse repos and medium-term lending facility (MLF) on Monday to keep liquidity reasonable and ample. The central bank conducted 89 billion yuan

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The new capability, called OpsGPT, uses Generative AI (GenAI) and Large Language Model (LLM) technology to transform operations across the post-trade lifecycle. It offers real-time visibility for faster fails resolution, researching next

TLDR: bunq, a Dutch digital banking platform, has been marketing itself as Europe’s first AI-powered bank. However, industry professional Jason Mikula tested the platform’s AI chatbot, Finn, and found that its responses

Key Points: A poll shows that US President Joe Biden is not receiving credit for the strong financial position of US consumers, despite comments from banks stating consumers are in a good

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TLDR: UK-Chinese violinist Leia Zhu, 17, has announced that she is switching her career from music to finance. Zhu has been a rising star in the classical music world, playing in 17

TLDR: Hong Kong Remains an ‘Ideal Option’ for International Investment, Says Finance Chief Hong Kong’s finance chief, Paul Chan Mo-po, has stated that despite pressures on the city’s capital markets, Hong Kong

TLDR: Retirement banking scams are on the rise, with scammers targeting vulnerable retirees and stealing their hard-earned savings. In 2020 alone, financial scams targeting seniors netted over $1 billion, according to the