Search Results for "Discovery"
4 results for "Discovery"
Deals 4
Treasury Prime Launches AI Marketplace for Bank-Fintech Partnerships
Treasury Prime launched its AI Marketplace, an LLM-powered platform enabling banks and fintechs to identify and partner with each other more efficiently. The platform provides access to over 3,600 curated fintechs across 13 industry verticals. It addresses growing demand for structured partner discovery with built-in risk management and data transparency capabilities.
CSBS and OCC Battle Over Discovery in Fintech Charter Litigation
The Conference of State Bank Supervisors (CSBS) and the OCC continued litigation over the OCC's authority to issue special purpose national bank (SPNB) charters to fintech companies. The OCC argued no charter was imminent enough for judicial review, while CSBS challenged the legality of the program. No fintech SPNB charter was granted in March 2019, with approvals described as 'several stages away.'
Discovery Bank Plans March 2019 Public Launch as Behavioural Digital Bank
Discovery, a South African financial services company, announced its digital bank Discovery Bank would go live publicly in March 2019 after successful testing. Branded as the 'world's first behavioural bank,' it applies Discovery's rewards-based model to banking. The project received its banking license in 2016 and required approximately ZAR 6 billion ($432.7 million) in investment.
SARB and Seven Banks Test DLT Wholesale Payments in Project Khokha
The South African Reserve Bank published the results of Project Khokha, a 14-week proof-of-concept testing distributed ledger technology for interbank wholesale payments using tokenized rand. Seven major South African banks participated alongside ConsenSys and PwC. The project demonstrated feasibility with transaction speeds up to 400,000 tx/sec, marking a milestone for central bank-fintech collaboration in Africa.