Visa to Launch Digital Token Platform

AI IN BANKING

BMO Appoints Chief AI & Data Officer

As AI dominates everything we see right now, Canadian bank, BMO has appointed Kristin Milchanowski, as its Chief AI & Data Officer.

The role will focus on plans for the bank to adopt AI, including applications in data, robotics and analytics.


CRYPTOCURRENCIES

Visa to Launch Digital Token Platform

Visa is set to launch a platform for financial institutions to issue their own digitized tokens such as stablecoins and tokenized deposits.

With increased interests from financial institutions looking at cryptocurrencies and digital tokens, Visa’s platform will allow financial institutions to mint, burn and transfer their own tokens.

Currently, Spanish bank, BBVA, has been testing out the platform.


BANKING

Major Stakeholders Looking to Sell Their Stakes of Indonesia’s Panin Bank

Two major stakeholders of Indonesia’s Panin Bank, Australia’s ANZ bank and Indonesia’s Gunawan family, are considering to sell their controlling stakes in the Indonesian bank.


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