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Author: DEROBS

  • Boerse Stuttgart becomes first European exchange to secure DLT trading and settlement license

    Boerse Stuttgart becomes first European exchange to secure DLT trading and settlement license

    <p>Boerse Stuttgart Group has announced that it is the first exchange group in Europe to be granted a license for a Distributed Ledger Technology (DLT) trading and settlement system. The approval was issued under the European Union’s DLT Pilot Regime, a regulatory framework designed to support the development of blockchain-based market infrastructures.</p><p>This license enables the exchange to operate trading and settlement systems for financial instruments using DLT, representing a notable shift in how digital assets can be handled within European markets. By integrating these technologies, the group aims to streamline the lifecycle of financial transactions through the use of shared ledger systems.</p><p>The DLT Pilot Regime provides a controlled environment for market operators to test the efficiency and security of blockchain solutions in financial services. Boerse Stuttgart's receipt of this license marks a significant development for European market participants seeking to leverage DLT for trading and settlement activities.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111362/boerse-stuttgart-obtains-dlt-trading-and-settlement-system-license?utm_medium=rssfinextra&utm_source=finextrafeed

  • LHV Bank deploys agentic AI to manage customer email support in the UK

    LHV Bank deploys agentic AI to manage customer email support in the UK

    <p>LHV Bank has officially transitioned to an agentic AI system to manage customer email support within its UK operations. The move marks the full deployment of a solution developed in collaboration with Gradient Labs, following a successful proof-of-concept phase conducted earlier this year.</p><p>By utilizing this AI-driven approach, the bank aims to provide its retail customers with immediate, round-the-clock responses to common banking inquiries. The system is designed to handle everyday support questions via email, allowing for continuous service availability without the need for manual intervention for standard requests.</p><p>The implementation follows a strategic testing period aimed at ensuring the technology could effectively navigate the specific requirements of the banking environment. With this launch, LHV Bank joins a growing number of financial institutions adopting autonomous AI agents to enhance customer service responsiveness and operational efficiency.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111361/lhv-bank-uses-ai-agents-for-customer-email-support?utm_medium=rssfinextra&utm_source=finextrafeed

  • CBRE acquires data center services firm Onnec for $610 million

    CBRE acquires data center services firm Onnec for $610 million

    <p>Global real estate services and investment firm CBRE has acquired Onnec, a company specializing in data center services. The acquisition was completed for an initial purchase price of $610 million.</p><p>This strategic move integrates Onnec’s specialized data center capabilities into CBRE’s broader portfolio, further expanding the company's presence in the digital infrastructure market.</p>

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/news/cbre-acquires-data-center-services-firm-onnec/

  • PlannerPal integrates AI workflow tools with Twenty7tec Advice CRM

    PlannerPal integrates AI workflow tools with Twenty7tec Advice CRM

    <p>PlannerPal has announced a new partnership with technology provider Twenty7tec to bring its artificial intelligence-driven workflow capabilities to mortgage advisers. The integration allows advisers to access PlannerPal’s tools directly within the Twenty7tec ADVICE CRM platform.</p><p>By incorporating AI into the existing CRM infrastructure, the partnership aims to support financial advisers in streamlining their operational processes. The integration marks a direct expansion of PlannerPal's availability to users already utilizing the Twenty7tec suite for their mortgage advisory services.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111363/plannerpal-brings-ai-to-mortgage-advisers-through-twenty7tec-advice?utm_medium=rssfinextra&utm_source=finextrafeed

  • TreasurUp and Apideck collaborate to expand ERP-embedded banking

    TreasurUp and Apideck collaborate to expand ERP-embedded banking

    <p>TreasurUp and Apideck have entered into a partnership aimed at addressing the connectivity gap between business banks and the financial software used by their clients. The collaboration focuses on accelerating the implementation of ERP-embedded banking services.</p><p>Many business clients currently manage their corporate finances using specialized accounting and ERP software, such as QuickBooks, Xero, NetSuite, Sage Intacct, and Microsoft Dynamics. According to the announcement, a significant number of financial institutions currently lack a comprehensive and consistent method for connecting their banking services directly to these platforms. By combining their capabilities, TreasurUp and Apideck intend to enable banks to offer more integrated financial solutions directly within the software environments where businesses perform their daily accounting and financial management tasks.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111364/treasurup-and-apideck-partner-to-accelerate-erp-embedded-banking-for-business-banks?utm_medium=rssfinextra&utm_source=finextrafeed

  • Bitget announces acquisition of Thai digital asset exchange GMO-Z.com

    Bitget announces acquisition of Thai digital asset exchange GMO-Z.com

    <p>Bitget, a global digital asset exchange, has announced a planned acquisition of GMO-Z.com Cryptonomics (Thailand) Co., Ltd. The Bangkok-based firm operates as a digital asset exchange and brokerage service within Thailand.</p><p>The acquisition is being facilitated through BTGT Management (Thailand) Ltd., an entity in which Bitget maintains an interest. The move is part of the exchange's strategy to broaden its operational reach and service offerings within the Thai market.</p><p>No further financial details or expected completion dates for the acquisition were disclosed in the announcement.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111365/bitget-to-buy-licensed-exchange-to-expand-in-thailand?utm_medium=rssfinextra&utm_source=finextrafeed

  • Finsei partners with Thredd to launch new Mastercard debit offering

    Finsei partners with Thredd to launch new Mastercard debit offering

    <p>Finsei, a London-based payments company, has announced a new partnership with Thredd to serve as the processing provider for its upcoming Mastercard debit card offering.</p><p>Thredd provides an issuer processing platform that characterizes itself as AI-first, designed to handle the complex infrastructure requirements associated with modern payment card issuance. By selecting Thredd, Finsei intends to leverage this platform to power the underlying processing for its new debit product.</p><p>The partnership marks a strategic development for Finsei as it expands its footprint in the payments sector by integrating with Thredd’s established technical architecture.</p>

    Source: Finextra
    Original article: https://www.finextra.com/pressarticle/111366/finsei-selects-thredd-to-power-new-debit-offering?utm_medium=rssfinextra&utm_source=finextrafeed

  • Addressing financial exclusion in community-based sustainable initiatives

    Addressing financial exclusion in community-based sustainable initiatives

    <p>Community organizations often encounter significant hurdles when attempting to access traditional banking infrastructure. This exclusion has sparked a broader conversation regarding how local groups and social enterprises can effectively manage their finances, secure funding, and scale their operations.</p><p>Discussions at Sustainable Finance Live have highlighted the urgent need to remodel how these organizations approach sustainability. By integrating nature-based solutions and fostering deeper social engagement, proponents argue that community hubs could develop more resilient financial frameworks. The challenge lies in creating models that are not only sustainable in an environmental sense but also financially viable enough to navigate current institutional limitations.</p>

    Source: Finextra
    Original article: https://www.finextra.com/newsarticle/48616/sustainable-finance-live-nature-based-solutions-and-social-engagement-to-empower-community-hubs?utm_medium=rssfinextra&utm_source=finextrafeed

  • Five key priorities for achieving CJIS v6.1 compliance

    Five key priorities for achieving CJIS v6.1 compliance

    <p>The updated CJIS v6.1 standards introduce more rigorous requirements for agencies, necessitating a shift in how they manage system security and data protection. To maintain compliance, organizations must prioritize robust authentication measures and ongoing audit capabilities.</p><p>According to guidance from Specops, there are five practical priority areas that agencies should address to align with the v6.1 framework:</p><ul><li><strong>Multi-Factor Authentication (MFA):</strong> Implementing strong, reliable MFA to prevent unauthorized access.</li><li><strong>Account Management:</strong> Ensuring lifecycle management practices that verify user identity and access levels.</li><li><strong>Password Security:</strong> Enforcing strict password policies that mitigate the risks associated with compromised credentials.</li><li><strong>Logging:</strong> Maintaining comprehensive and accurate logs to support security monitoring and incident response.</li><li><strong>Audit Readiness:</strong> Establishing a proactive posture to demonstrate continuous compliance during assessment periods.</li></ul><p>These priorities are intended to help agencies satisfy the standard's demands for strong authentication, secure account control, and verifiable audit trails. By focusing on these five core pillars, organizations can better secure their environments while ensuring they meet the necessary regulatory obligations for handling sensitive criminal justice information.</p>

    Source: BleepingComputer
    Original article: https://www.bleepingcomputer.com/news/security/cjis-v61-compliance-5-practical-priorities-for-agencies/

  • Enhancing fire safety in lithium-ion battery energy storage systems

    Enhancing fire safety in lithium-ion battery energy storage systems

    <p>As the deployment of lithium-ion battery energy storage systems (BESS) scales to support digital infrastructure, fire safety remains a primary concern for operators. Recent industry guidance highlights how updated safety standards and the integration of early off-gas detection technologies are essential for maintaining operational compliance and protecting physical assets.</p><p>A critical focus in modern BESS safety is the prevention of thermal runaway—a condition where a cell enters an uncontrollable, self-heating state. Industry experts emphasize that early detection of off-gassing, which occurs before a visible fire or explosion, provides a vital window for intervention. By identifying these chemical precursors, site operators can initiate safety protocols to mitigate risks before a system failure escalates.</p><p>Adherence to evolving fire safety standards is increasingly necessary for regulatory compliance and risk management. These standards outline the technical requirements for site design, monitoring, and emergency response, providing a framework for operators to navigate the safety complexities of large-scale battery deployments.</p><p>For the digital economy, where reliable power is non-negotiable, integrating these advanced detection systems is becoming a best practice for digital infrastructure projects. Ensuring compliance with current safety benchmarks helps organizations safeguard their continuity while meeting increasingly stringent industry mandates.</p>

    Source: Data Center Dynamics
    Original article: https://www.datacenterdynamics.com/en/whitepapers/the-ultimate-guide-to-li-ion-bess-fire-safety-standards/