Sygnum is proud to partner with
@chainlink to improve corporate actions data reporting using AI and blockchain
@CoinDesk's
@sndr_krisztian reports on this:
"The project aims to address a long-standing challenge in the financial world: the lack of standardized and real-time data for corporate actions such as mergers, dividends and stock splits, which are notoriously fragmented in markets like Europe,"
@sndr_krisztian writes.
"Automating and standardizing this information could help significantly reduce operational inefficiencies that currently cost businesses millions of dollars every year due to errors and manual data processing."
Sygnum has joined this initiative alongside key partners such as
@EuroclearGroup,
@swiftcommunity,
@UBS,
@FTI_US,
@Wellington_Mgmt,
@CACEIS and
@Vontobel.
Read the full article by
@sndr_krisztian here:
Disclaimer:
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blockchain# #
DeFi#