AGP Executive Report
Last update: 4 hours agoCore Banking Modernization: Bank of Sydney went live on Infosys Finacle via an AWS-hosted SaaS setup, signaling another Australian push to refresh legacy systems. AI in Financial Services: JPMorgan is backing a “secure, on-premises” AI inference approach with SambaNova, while Malaysia’s banking leaders stress responsible AI implementation over fast adoption; KPMG also flags that 29% of executives can’t track AI running costs. AML/CFT Oversight: The Fed proposed a major rewrite of how it supervises bank anti-money laundering and counter-terror financing programs, aiming to tighten how firms “establish” and “maintain” controls. Payments & Infrastructure: SWIFT activated a blockchain ledger with 17 banks piloting tokenized cross-border payments and deposits, and Citi expanded cross-border instant payments to partner banks. Banking Market Reality Checks: Bangladesh’s economy is described as resilient on remittances and RMG exports, while cash shortages hit banks in India’s erstwhile Adilabad district. Fraud & Customer Protection: Axis Direct issued an investor advisory against impersonation and fake trading groups. Banking Tech/Reg Watch: ECB ordered major banks to prepare for AI-driven cyber threats.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
Perspectify News
Pseudo-journalism: Pink-slime
