Tag "Sumitomo Mitsui Banking Corporation"

How is Generative AI Transforming the Financial Industry?

The rise of Generative AI has been nothing short of remarkable. Many envisioned it as a powerful force for good from its inception, while others harboured concerns about its potential negative implications. Generative AI, with its ability to create content

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Japan’s Banks Elect Fujitsu to Build Their Blockchain for Interbank Settlements

Last year, a consortium of 61 Japanese banks banded together to test domestic fund transfers using digital currencies in hopes of gaining a low-cost alternative to traditional money transfers. At the time, the consortium tossed around the idea of using

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