24x7Banking Archives

Federal Reserve’s Project Pine Explores Tokenized Future for Central Banking

May 16, 2025
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In a bold step toward the future of finance, the Federal Reserve Bank of New York and the Bank for International Settlements (BIS) Innovation Hub […]

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Citi and Emirates NBD Launch First-of-Its-Kind 24/7 USD Clearing in the Middle East

June 13, 2024
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In a significant step towards faster and more efficient cross-border payments, Citi and Emirates NBD, a leading banking group in the MENAT region, today announced […]

Brazil’s Digital Leap: The Success Story in Motion
Brazil leads a fintech revolution with PIX, open finance, and Drex, shaping one of the world’s fastest-growing digital economies. Brazil, the largest country in South […]
Starling Expands to Canada, Eyes North American Growth via Banking Software Platform ‘Engine’
UK-based neobank Starling is establishing a presence in Canada, opening a new office in Toronto as part of its broader North American expansion strategy. The […]
BNPL Credit Reporting Plans Stall as Klarna, Afterpay Withhold Data Over Fairness Concerns
Efforts to include Buy Now, Pay Later (BNPL) loans in credit scores are facing early resistance, as major providers Klarna and Afterpay announce they will […]
Lloyds Bank Taps Hedera Blockchain in Landmark Tokenized Collateral Pilot, Signaling Major DeFi Shift
In a surprising yet significant move, Lloyds Bank, one of the UK’s most traditionally conservative financial institutions, has partnered with Aberdeen Investment and digital asset […]
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 […]