AGP Executive Report
Last update: 12 hours agoBigTech Risk Watch: The IMF warns BigTech’s deeper push into payments, lending, insurance and financial SuperApps could become a financial stability issue in emerging markets, urging tighter monitoring and coordination. AI Fraud Fallout: US losses from AI-powered scams hit an estimated Rs248 billion over the past year, with deepfakes and voice cloning making investment fraud harder to spot. Payments Infrastructure: Qatar’s Dukhan Bank went live on Kinexys’ blockchain deposit network via J.P. Morgan, aiming for 24/7 cross-border settlement for corporate clients. Islamic Fintech Expansion: Kinexys’ launch marks the first Sharia-compliant lender in Qatar on the network, highlighting growing tokenized settlement adoption in regulated banking. Venture & Funding: SIDBI backed Cedar Hill Capital’s AI-first fintech fund with a commitment through Startup India Fund of Funds 2.0, targeting Rs250 crore for pre-Series A enterprise fintech. Private Banking AI Scaling: Synpulse’s Prasanna Venkatesan says banks must start from business outcomes and processes, not just AI pilots, to scale safely. AI Compute Deals: Anthropic signed a 6-year, $10B compute deal with Volta for 121MW of Nvidia Vera Rubin capacity in Norway, underscoring the finance behind the AI buildout. Leadership Moves: Muthoot Finance appointed Alexander George Muthoot as Managing Director, continuing its digital transformation push.
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