Project Agorá Cuts Cross-Border Payment Times to 80 Seconds
Project Agorá demonstrated that tokenized wholesale cross-border payments settle in approximately 80 seconds from initiation to completion. The Bank for International Settlements conducted real-value testing of this technology in July within a controlled environment.
Read full story →OpenAI Reaches 1 Billion Active Users as AI Becomes Daily Habit
OpenAI's models reached over 1 billion active users and more than 2 million businesses. Users deploy AI more frequently and deeply as they gain confidence with the technology over time.
Fed Moves to Give Mutual Banks More Flexibility to Raise Capital
The Federal Reserve proposed updating rules for mutual banks that have remained unchanged since 1993, aiming to reduce regulatory burden and increase capital-raising flexibility. The updated rules would replace regulations the Fed described as overly burdensome and complex for these banking organizations.
AI Gives Cybersecurity a Backlog CFOs and CISOs Can’t Patch Away
AI systems are identifying software vulnerabilities at unprecedented speeds that human researchers cannot match, overwhelming organizations' capacity to remediate them. Companies lack sufficient resources to process and patch the massive volume of discovered flaws faster than new ones are being detected.