December, 2024

December, 2024

Bank of England Gives Crypto Firms Till March 2025 To Disclose Digital Asset Exposure
England’s central bank is giving companies until March 2025 to disclose their exposure to digital assets. In a new announcement, The Bank of England says that the Prudential Regulation Authority (PR...

OpenAI Says Deployment of Telemetry Service Caused 3-Hour Outage
OpenAI said its deployment of a new telemetry service caused a three-hour outage of all its services Wednesday (Dec. 11). The company’s ChatGPT, API and Sora services were degraded or unavailable fr...

How Big Tech’s XR Push Could Redefine Both Payments and AI
The connected economy might be making a jump from end-users’ hands to their faces. That is, if Big Tech’s biggest representatives are to be believed. On Thursday (Dec. 12), Google introduced a new...

This Week in AI: Bots Transform Shopping as Tech Giants Roll Out Digital Assistants
This week in artificial intelligence, shopping assistants emerged across major tech platforms. Meanwhile, recycling firm AMP secured $91 million for sorting robots, FlexPoint sped up payment processin...

From Legacy to Leading Edge: Banks Struggle with ISO 20022 Transition
The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the open s...

CFPB: High Interest Rates Drove ‘Significant Decline’ in Mortgage Lending in 2023
Residential mortgage lending activities showed a “significant decline” in 2023, the Consumer Financial Protection Bureau said Friday (Dec. 13). The drop was caused in part by high interest rates, ...

AI Shopping Bots Race to Fill Online Carts
Silicon Valley is unleashing artificial intelligence agents that can surf online stores, swipe digital credit cards and buy goods without a human lifting a finger — forcing eCommerce players to grap...

Meta Says Foundation Model Gives Virtual Embodied Agents Human-Like Movements
Meta has unveiled a foundation model for controlling the behavior of virtual embodied humanoid agents, saying it will enhance the Metaverse. The new Meta Motivo enables these agents to learn human-li...

Flexible Working Capital Solutions Top Holiday Wish List for B2B Firms
B2B firms have two items at the top of their wish list this holiday season: more liquidity, and greater operational efficiency. These dual priorities reflect the pressure to navigate uncertain economi...

France’s AMF Encourages Financial Institutions to Improve Transparency of Taxonomy Reporting
Faced with “dense” and complex information, the AMF in France is encouraging financial institutions to continue their efforts to “improve the transparency of their Taxonomy reporting.” In a re...

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B&T Television

March