AGP Executive Report
Last update: 2 hours agoIdentity & Fraud Tech: Equifax UK partnered with Poland’s BIK to expand access to layered identity verification and fraud prevention, aiming to better spot AI-driven scams and identity spoofing. Payments Automation: AccountsIQ teamed with GoCardless to automate Direct Debit collection, reconciliation, and cash allocation for mid-market firms using real-time webhooks. Wealth Tech Contracts: Iress renewed its four-year partnership with Succession Wealth, keeping Xplan and other adviser tools at the core while exploring better data sharing. Crypto Rails in India: Coinbase launched direct INR deposits and withdrawals via IMPS, cutting intermediaries and reducing scam and account-freeze risks. DeFi Risk Reset: Aave overhauled its listing standards after a $230m rsETH exploit traced to bridge verification failure, expanding risk checks beyond smart contracts. Tokenization Outlook: Citi projects tokenized securities could reach $5.5tn by 2030 as major market infrastructure moves toward onchain trading. Market/Policy Watch: RBI is expected to hold rates as rupee weakness and inflation risks rise; meanwhile, June 1 brings India’s UPI security updates and commercial LPG price hikes. Corporate Finance Moves: IREN closed $3.65bn investment-grade GPU financing for Microsoft’s AI Cloud contract; Marex acquired Levmet to expand physical power and gas market-making. Regulatory Scrutiny: Wise faces a Belgium probe over alleged AML non-compliance tied to cross-border requests in criminal proceedings.
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.