Generative Data Intelligence

Tag: Bank of International Settlement

Synnax reimagines credit ratings for the DeFi world

The conflicts of interest in the business model of credit rating agencies (CRAs) were laid bare in the 2008 financial crisis. Investors and issuing sponsors...

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Why has Big Tech fallen in love with exchanges?

Big Tech is cosying up to capital markets. The announcement this week of a partnership between Microsoft and the London Stock Exchange Group is...

Israeli central bank yet to make decision on pursuing CBDC despite public support

The central bank of Israel has yet to decide whether to create a digital version of its fiat currency shekel, despite the public supporting...

‘DeFi’ decentralization promise is an illusion, BIS chief says

Advocates of a decentralized future of money based on distributed ledger technology are chasing an illusion, according to Bank of International Settlements General Manager Agustin Carstens. Their vision, which is to “democratize finance” by cutting out big banks and other middlemen, is “not what decentralized finance applications are delivering,” he said on Tuesday addressing an […]

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