The U.S. Securities and Exchange Commission (SEC) has established a dedicated Artificial Intelligence Task Force to accelerate the integration of AI across its operations. Valerie […]
Author: Editorial Team
RBC’s ATOM AI Model Redefines Banking with Hyper-Personalized Client Insights and Scalable Intelligence
TORONTO, July 29, 2025 — Royal Bank of Canada (RBC) has announced significant progress in its AI journey with its proprietary foundation model, ATOM (Asynchronous […]
Mastercard CEO Backs Open Banking as Global Trend, Emphasizes Consumer Data Rights
Mastercard CEO Michael Miebach has voiced strong support for the global open banking movement, calling it a “winning proposition over time” that empowers consumers through […]
EY and ACCA Release Framework to Boost Trust in AI Through Rigorous Assessments
As artificial intelligence continues to transform industries, a new policy paper by Ernst & Young (EY) and the Association of Chartered Certified Accountants (ACCA) outlines […]
RBC Deploys Proprietary AI Model ‘Atom’ to Revolutionize Credit and Loyalty Programs
The Royal Bank of Canada (RBC) has launched a proprietary AI foundation model, Atom (Asynchronous Temporal Model), developed by its Borealis AI research unit, to […]
Canada’s Real-Time Rail Nears Completion, Testing Phase Set for Autumn
Canada’s Real-Time Rail (RTR) payment system is entering its final stages, with the technical build nearly complete and testing scheduled for autumn. Developed as a […]
OpenText Expands Private Cloud to Meet Rising Global Demand for Data Sovereignty and Compliance
Waterloo, ON – July 29, 2025 – OpenText™ (NASDAQ: OTEX), a global leader in information management, has unveiled a major expansion of its Private Cloud […]
CFPB to Revise Controversial Open Banking Rule Amid Legal Pushback
Washington, D.C. – July 30, 2025 – The Consumer Financial Protection Bureau (CFPB) announced it will substantially revise the Biden-era 2024 open banking rule, which […]
India’s Digital Payments Surge 10.7% YoY, RBI Index Hits Record High in March 2025
India’s digital payments sector continues to show strong momentum, with transactions growing by 10.7% year-on-year as of March 2025, according to the Reserve Bank of […]
PayPal Unveils ‘Pay with Crypto’ to Cut Cross-Border Fees by 90%, Boost Global Merchant Access
PayPal has launched its new Pay with Crypto solution, designed to significantly reduce cross-border transaction costs by up to 90% while enabling seamless payments for […]