HPC + AI Wall Street’s Post

🚨We live in a world where BILLIONS of people are struggling to get basic financial services like loans or even something as essential as opening a bank account simply because they lack traditional "proper" documentation. Introducing Circular Financial Identity (CFI) - a solution that directly addresses this issue. At its core, CFI is based on the principles of self-sovereign identity, privacy, data decentralization, data minimization, and consent. This encompasses a holistic and self-sovereign view of an individual's financial life, going beyond just credit scores and payment histories maintained by third-party institutions. Curious to learn more about CFI? https://lnkd.in/gUxgg2vs #banking #CFI #financialinclusion #Web3 #kyc

🏁 The Importance of Building a #CircularFinancialIdentity In today's digital age, financial transactions have become increasingly complex, with various intermediaries and third-party institutions. While these institutions play a crucial role in facilitating financial services, they often lack a holistic view of an individual's financial life, leading to potential biases and exclusion. This is where the concept of a Circular Financial Identity (#CFI) comes into play, offering a #selfsovereign and comprehensive approach to managing one's financial identity. Built on #Cardano protocol, Defy's CFI infrastructure allows users to selectively share personal and financial information with financial institutions, helping the latter to paint a more accurate and inclusive picture of an individual's financial capabilities and #creditworthiness. In other words, Defy's CFI infrastructure facilitates the development of new financial products and services tailored to individual needs and preferences, and fosters #RealFi #innovation within the financial sector. Cardano Foundation  │ Universal ID Council  │ WIN - World Identity Network #DiD #SelfSovereignIdentity #FinancialInclusion #Defiant4Good

🔐 Unlock the power of #ISO20022 for your financial institution! Early adoption brings enhanced transparency, improved data visibility, and robust risk mitigation. As #Fedwire, #FedNow, #RTP, CHIPS, and #SWIFT embrace this standard, banks can streamline operations and elevate client services. Watch this video to learn how this game-changing migration can transform your institution's future. Anoop Basavarajaiah

In a little over a month, 1,500 leaders from across our industry will come together for #TCF2024! Join the most dynamic community in #banking and hear first-hand from banks who have modernized and successfully transformed to leap ahead of their #competition. Request an invite here: https://lnkd.in/g_t_W7nr Temenos LinkedIn Meta NewsworldOn Corporate Finance Institute® (CFI) The Economic Times

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Join us at #SIBOS2024 as we explore how digitization, integration, and transparency are revolutionizing #SupplyChainFinance. Hear from 🎙Helen Orton, Product Director, #CorporateBanking, how Temenos is empowering banks and financial institutions to drive growth and stay ahead in the competitive corporate banking landscape. 👉 Don’t miss this opportunity to learn from industry leaders. See you at #SIBOS! https://lnkd.in/gFs5gpS6 #FinanceInnovation

Join us at #SIBOS2024 as we explore how digitization, integration, and transparency are revolutionizing #SupplyChainFinance. Hear from 🎙Helen Orton, Product Director, #CorporateBanking, how Temenos is empowering banks and financial institutions to drive growth and stay ahead in the competitive corporate banking landscape. 👉 Don’t miss this opportunity to learn from industry leaders. See you at #SIBOS! https://lnkd.in/gfGYbqKc #FinanceInnovation

Gearing up for #Sibos2024? Our International Corporate Banking experts explore 3 hot topics to look out for 👇 1️⃣  As regulatory clarity improves, #digitalassets are moving from hype to practical applications with traditional financial players exploring #tokenisation for assets including real estate, private #debt and #equity.   2️⃣  #ISO20022 has taken important steps forward in the last 18 months with implementation in over 50 countries. In turn, it's essential that changes are made in a safe and controlled manner to avoid disrupting cross-border payment flows.  3️⃣  As #FinTech innovations drive change in the payments landscape, they also introduce new risks. Effective financial crime prevention depends on the parallel growth of FinTechs' transaction volumes and the strength of their control environments.   Nick Mayberry, Nadia Rahman, Ryan Hayward      Read more: https://lnkd.in/e4EA8Tru

Join us at #SIBOS2024 as we explore how digitization, integration, and transparency are revolutionizing #SupplyChainFinance. Hear from 🎙Helen Orton, Product Director, #CorporateBanking, how Temenos is empowering banks and financial institutions to drive growth and stay ahead in the competitive corporate banking landscape. 👉 Don’t miss this opportunity to learn from industry leaders. See you at #SIBOS! https://lnkd.in/gyWihMWC #FinanceInnovation

Join us at #SIBOS2024 as we explore how digitization, integration, and transparency are revolutionizing #SupplyChainFinance. Hear from 🎙Helen Orton, Product Director, #CorporateBanking, how Temenos is empowering banks and financial institutions to drive growth and stay ahead in the competitive corporate banking landscape. 👉 Don’t miss this opportunity to learn from industry leaders. See you at #SIBOS! https://lnkd.in/dx2V3ySv #FinanceInnovation