AGP Executive Report
Last update: 7 hours agoDigital Banking: Revolut’s valuation reached $115 billion after it won a UK banking licence, strengthening its position as it weighs an IPO. Market Oversight: India’s RBI formed a financial markets committee with bank and industry members to review market issues and improve engagement with participants. Payments Infrastructure: India’s NPCI set up a technology subsidiary focused on AI, blockchain and digital payments, expanding its role beyond operating UPI and other payment systems. Cybersecurity: India’s cybercrime agencies warned banks, NBFCs and fintechs that AI-powered attacks can trigger fraudulent transactions at machine speed, urging institutions to address vulnerable systems and APIs. Financial Modernization: Finastra’s industry summit urged banks to get more value from existing technology, with secure, resilient systems and better-connected payments infrastructure key to turning AI and other innovations into practical gains. Tokenized Markets: HSBC, JPMorgan, MUFG, Société Générale and Standard Chartered are teaming up to advance tokenized financial market infrastructure.
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