#US banks deploy AI to monitor customers, workers amid tech backlash

#US banks deploy AI to monitor customers, workers amid tech backlash

“#US banks deploy AI to monitor customers, workers amid tech backlash” Several US banks have started deploying camera software that can analyze customer preferences, monitor workers and spot people sleeping near ATMs, even as they remain wary about possible backlash over increased surveillance, more than a dozen banking and technology sources told Reuters. Previously unreported…

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# Bitcoin on balance sheet attracts negative attention from anti-crypto banks

# Bitcoin on balance sheet attracts negative attention from anti-crypto banks

“# Bitcoin on balance sheet attracts negative attention from anti-crypto banks ” MicroStrategy’s continuous Bitcoin acquisition has drawn the ire of investment banking giant HSBC. Despite being one of the largest business intelligence firms in the world, HSBC has stated that MicroStrategy is now a “virtual currency product,” a designation akin to the pseudo-Bitcoin exchange-traded…

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#Morgan Stanley reveals nearly B loss from Archegos implosion

#Morgan Stanley reveals nearly $1B loss from Archegos implosion

“#Morgan Stanley reveals nearly $1B loss from Archegos implosion” Morgan Stanley lost nearly $1 billion from the collapse of family office Archegos Capital Management, the bank said Friday, muddying its 150 percent jump in first-quarter profit that was powered by a boom in trading and deal-making. Morgan Stanley was one of several banks that had exposure to Archegos, which…

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# Turkey to ban cryptocurrency payments

# Turkey to ban cryptocurrency payments

“# Turkey to ban cryptocurrency payments ” A new ban in Turkey will prohibit crypto holders from using their digital assets for payments, in addition to preventing payment providers from adding funds to their digital wallets at crypto exchanges. According to a Friday announcement by the Central Bank of the Republic of Turkey, the ban…

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# European Investment Bank reportedly to issue bonds with blockchain tech

# European Investment Bank reportedly to issue bonds with blockchain tech

“# European Investment Bank reportedly to issue bonds with blockchain tech ” The European Investment Bank, an international financial institution owned by European Union member states, is reportedly exploring blockchain technology for issuing digital bonds. According to a Tuesday Bloomberg report, the EIB has hired major global banks like Goldman Sachs, Banco Santander and Societe…

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# Major Thai bank experimenting with decentralized finance

# Major Thai bank experimenting with decentralized finance

“# Major Thai bank experimenting with decentralized finance ” Kasikornbank, or KBank, one of Thailand’s largest banks has begun experimenting with DeFi services as part of its business expansion plan. According to a report by Bangkok Post, the bank’s DeFi exploration is being spearheaded by Kbank’s tech subsidiary Kasikorn Business Technology Group, or KBTG. Commenting…

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