Partior CEO Humphrey Valenbreder has secured Deutsche Bank as a strategic investor in the company’s Series B funding round, bringing the total investment to $80 million. Partior, founded in 2021 by DBS Bank, JP Morgan, Standard Chartered, and Temasek, offers blockchain-based solutions for real-time clearing and settlement of cross-border payments, with plans to expand its network globally. The partnership with Deutsche Bank will allow for Euro and US dollar settlements on the platform, enhancing liquidity, transparency, and efficiency in the financial market.
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Empowering innovation: The role of government in scaling ASEAN’s GenAI ecosystem
The rapid evolution of Generative AI (GenAI) technologies in ASEAN presents a transformative opportunity, with governments recognizing its potential for economic growth and competitiveness. Government-led initiatives focus on financial and regulatory support, education and workforce development, and infrastructure development to foster a thriving GenAI ecosystem. Challenges include regulatory discrepancies and ethical concerns, highlighting the need for harmonized regulations and a unified digital market to scale GenAI in the region. Full Article
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