Banks to Revolutionize Transactions with SWIFT Tokenization by 2025

This, therefore, marks a revolutionary move for large banks to start using the SWIFT network for tokenized transactions from 2025. The move has been announced amid plans by financial institutions to enhance efficiency and security in the management of digital assets. With tokenization-a way of digitally representing an asset by some form of 'token'-banks will be making their transaction processes speedier and more secure.

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JPMorgan Eyes More Growth in India Amid Flurry of Activity

In the latest in a series of deals in one of the fastest-expanding economies of the world, JPMorgan Chase & Co. is planning to expand its presence in India, with the intent of capitalizing on the plethora of opportunities afforded by the emerging market of India to further strengthen its presence and be part of the economic dynamics.

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