FCA Shares Update on Stablecoin Sprint
The FCA completed a Stablecoin Sprint initiative involving 75 participants from traditional finance and fintech companies to study digital currency markets. The update addressed stablecoins used for payments and transfers within the UK regulatory framework.
Read full story →Western Union Pursues AI Savings as Falling Migration Hits Revenue
Western Union is increasing investment in digital and artificial intelligence technologies to offset revenue declines caused by reduced migration patterns. The company missed expected improvements in its Americas retail business during the second quarter and delayed its Intermex acquisition, postponing anticipated cost synergies.
Okta Inks Permiso Purchase to Expand Identity Threat Defense
Okta is acquiring Permiso Security to integrate identity threat detection and response capabilities into its platform. The deal will add Permiso's identity risk signals, behavioral analytics, and threat detections to Okta's existing identity management system.
Hospitals Follow Banks’ Playbook for Taming Generic AI
Sheba Medical Center partnered with OpenAI to deploy customized AI that understands the hospital's specific rules and operations. Physicians, nurses, researchers, and staff will receive secure access to an AI-powered system tailored to the hospital's needs.