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The European Central Bank (ECB) is also exploring the possibility of introducing a digital euro, with Europes CBDC expected to launch from 2028. Although initially viewed with skepticism, blockchain is now being embraced for its potential to streamline operations, reduce costs, and enhance security.
Despite many current applications being small-scale pilot projects, the promise of Gen AI to revolutionise banking operations and enhance customer experiences is becoming clear. Moreover, they are looking to use large language models to parse regulations in the countries they operate in to ensure they are compliant in each jurisdiction.
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