AGP Executive Report
Last update: 7 hours agoFintech Expansion: Tether backed Bolivian fintech Peso in an undisclosed pre-seed round to expand USDT payments across Latin America, building on services that link stablecoins with merchants and local banks. Digital Banking Risks: Revolut suffered a global outage as a Google Cloud disruption affected financial apps; European regulators are seeking answers from Google, sharpening concerns about banks’ reliance on major cloud providers. Fintech Markets: Egypt’s MNT-Halan began trading after an oversubscribed IPO, with the company valued at about $775 million. Banking and AI: India’s central bank reiterated that banks remain responsible for risks when they outsource services to fintechs, as MUFG turns to AI for back-office work. Cross-Border Finance: An ECB board member said regular dialogue with China’s central bank, alongside cooperation on green finance, can strengthen financial ties between China and Europe.
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