AGP Executive Report
Last update: 10 hours agoAI Governance in Finance: Singapore’s MAS rolled out a runtime safeguards framework for agentic AI in financial services, aiming to keep autonomous systems inside approved risk boundaries. Crypto Policy Clash: CFTC chair Michael Selig slammed Illinois’ planned 0.2% crypto transaction tax, warning it could slow fintech progress and hurt Chicago’s market role. Onchain Derivatives Push: eToro led a $12.5M round into Extended, linking its onchain perpetual futures push with eToro’s Zengo self-custody partnership. Digital Currency Watch: Russia confirmed a Sept. 1 digital ruble rollout, requiring banks and large merchants to support payments in stages despite EU sanctions. Wealth Tech M&A: Objectway agreed to buy FNZ Switzerland’s private banking technology business, adding tech used by 40+ private banks and expanding cross-border capabilities. Corporate Payments Launch: KamelPay unveiled UAE corporate cards via AbsoluteCard, built for tax and e-invoicing workflows with instant virtual cards and real-time controls. Fintech Funding: Sri Lanka’s LB Finance secured long-term funding from Norfund and Swedfund to back MSMEs and climate-smart tech. Market Pulse: Gold rebounded after weak US payrolls, while equities stayed mixed amid ongoing tech rotation.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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