The impact of artificial intelligence (AI) on employment will be especially great in advanced economies, according to the International Monetary Fund (IMF). Overall, among economies of all kinds, about 40% of global employment is exposed to AI, the IMF said in a Sunday (Jan. 14) blog post....
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes and enhance global economic development, Reuters reported Tuesday (Nov. 28). Tokenization involves converting traditional financial assets into...
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of Ukraine is exacerbating geopolitical tensions, The Wall Street Journal (WSJ) reported Wednesday (Aug. 9). A combination...
Switzerland’s central bank is reportedly planning to issue a wholesale digital currency. The project will happen on the country’s SIX digital exchange, Swiss National Bank Chairman Thomas Jordan said Monday (June 26). “This is not just an experiment, it will be real money equivalent to...
January 24, 2020
While there was no shortage of goings on this week, the eyes and ears of the payments, commerce and finance enthusiasts were more likely trained on the goings on in a bucolic Swiss mountaintop city named Davos. There in Davos, bankers, financiers, technologists, legislators, regulators and thought leaders of all kinds — not to mention […]
January 15, 2024
The impact of artificial intelligence (AI) on employment will be especially great in advanced economies, according to the International Monetary Fund (IMF). Overall, among economies of all kinds, about 40% of global employment is exposed to AI, the IMF said in a Sunday (Jan. 14) blog post. However, in advanced economies, around 60% of jobs may be […]
November 28, 2023
The International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) have reportedly joined forces to explore the concept of tokenization. This collaboration aims to leverage tokenization technology to streamline financial processes...
August 09, 2023
The world is facing a major slowdown in global trade as economic growth weakens. In addition, governments around the world are increasingly curbing business with China, and Russia’s invasion of...
June 26, 2023
Switzerland’s central bank is reportedly planning to issue a wholesale digital currency. The project will happen on the country’s SIX digital exchange, Swiss National Bank Chairman Thomas Jordan said Monday...
