AGP Executive Report
Last update: an hour agoCybersecurity Shock: South Korea launched a full-scale probe into suspected AI-assisted hacks that hit major banks and other financial firms, with police and the financial watchdog tracking 28 IP addresses across 12 countries and warning more breaches may surface; regulators urged banks to complete security checks fast. Digital Assets & Settlement: LG CNS unveiled KITL, a blockchain infrastructure platform aimed at helping banks build stablecoin and tokenized-asset services, while Solana Foundation launched Solana DvP to speed delivery-versus-payment settlement for banks and large institutions. Tokenization Push: A Lloyds survey found 71% of UK financial institutions expect tokenization to reshape how value moves, as firms look to programmable digital rails for faster settlement and capital efficiency. Banking Operations & Growth: Bank of Cyprus racked up 14 Global Finance digital banking awards, citing its Jinius platform; in India, Kotak expects FY27 Q2 earnings growth around 11% for banks, with FCNR deposits potentially pressuring NIMs. Payments Simplification (Africa): Kenya’s Pesalink plans to let customers use mobile phone numbers as payment identifiers instead of bank account numbers, aiming to streamline transfers across banks and Saccos.
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