Finance Industry Seeks Overhaul of Global Crypto Rules for Banks
In a joint letter to the Basel Committee on Banking Supervision, the trade associations said policymakers should 'seek updated information' on the use cases for the distributed ledger technology that underpins digital assets, and weigh 'any appropriate redesign and recalibration' of the standards due to be adopted in 2026.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Bloomberg
30 minutes ago
- Bloomberg
UK CPI Rises To 3.8%, Stock Market Weakness, More
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Forbes
30 minutes ago
- Forbes
What Is Quantum As A Service And Why Does It Matter For Your Business
Quantum computing is generating a lot of excitement in the tech world right now. Following several recent breakthroughs, this once theoretical technology is increasingly accessible to researchers and even businesses. Just in case you're still not sure—quantum computing refers to a new generation of processing technology that, by harnessing the strange properties of quantum mechanics, can perform certain mathematical functions millions of times faster than even the most powerful current supercomputers. As you might expect of devices that often need to be super-cooled to close to absolute zero to work, current quantum computers are hugely expensive to own and difficult to maintain. This is where quantum-as-a-service comes in. Thanks to QaaS, businesses wanting to experiment with it or even start putting it to operational use don't need to spend millions of dollars on hardware and a dedicated facility to operate it from. Instead, QaaS providers let businesses or research organizations access their quantum computers through the cloud, using a pay-as-you-go model to minimize initial overheads. The global market for quantum computing is expected to grow from $1.8 billion in 2025 to close to $7.5 billion by 2030. QaaS is likely to play an important role in enabling this growth, and benefits are expected in many fields, including drug discovery and understanding climate change. Who Uses QAAS, And Why? QaaS is an increasingly attractive option for many businesses and organizations that want to experiment with quantum computing without incurring huge initial outlays. Academic and research institutions, for example, are leading the way with many breakthroughs in quantum computing. But with budgets and funding often limited, access to quantum through cloud services helps create a level playing field for scientific discovery. Pharmaceutical and biotech firms are continuously running large simulations to model complex molecular interactions such as those involved in protein folding. QaaS means the power available to do this can be scaled up and down as needed, leading to more efficient discovery. In automotive and aerospace design, quantum computing is used to test properties of new materials and compounds for use in vehicle and aircraft engineering. This involves creating new types of simulators that model materials at the sub-atomic level, meaning they will behave more closely to their real-world counterparts. This is something that quantum is great for, but few organizations can afford to have computing power at the required scale on premises. And financial services companies are using it to model risks and understand the seemingly chaotic behavior of markets, to help them make better investment decisions. While multinational banks like JP Morgan and HSBC have money to invest in IT infrastructure, the quantum skills shortage still makes it difficult to find workers with the technical knowledge to maintain it. In short, QaaS hugely reduces (in principle) the financial cost, the logistical requirements, and the skills overhead of running quantum computing projects, potentially making it available to a much wider user base. It's important to remember that most quantum computing projects are still experimental, though, and it will be some time before the technology is ready for every potential use case. Who Are The Key QAAS Providers? The market for quantum-as-a-service is nascent, but a number of providers have emerged as leaders in recent years. IBM Quantum IBM was the first company to offer quantum computing as a cloud service, and currently offers customers pay-as-you-go access to its stack of 20 quantum processors through its IBM Quantum platform. Amazon Bracket Amazon offers quantum services through its AWS cloud architecture, with a key selling point being that customers can access hardware from multiple leading quantum manufacturers, including IonQ and Rigetti, through its enterprise-ready infrastructure. This makes it a strong choice for those looking to experiment with business implementations. Microsoft Azure Quantum As with Amazon and AWS, Microsoft has tapped the ability of its Azure cloud platform to put its quantum processors within easy reach of paying business customers. Google Quantum AI Google's quantum engineers recently solved the tricky challenge of improving error-correction of its quantum computers—a property that keeps the processing 'qubits' in a stable state and capable of carrying out quantum computing operations. It now offers enterprise users access to this more error-tolerant quantum computing through its own cloud platform. Is QaaS Right For Me? It will be a long time, if ever, before all or even most organizations need access to QaaS. However, if you're in an industry that's set to be disrupted by its arrival, it's not an opportunity you'll want to miss. If your business model involves modelling of complex systems, real-world environments or optimization challenges (such as finding the most efficient route between a large number of destinations), then quantum is certainly worth exploring. At the same time, if you don't feel ready to commit to the capital expenditure on cryogenic infrastructure and competing to hire the hens-teeth-rate quantum computing PhDs needed to run it, QaaS could be the logical way forward.
Skift
an hour ago
- Skift
Why Executives Don't Attend Skift Global Forum Alone
Why Executives Don't Attend Skift Global Forum Alone Skift Take: Reinvention in the travel industry demands context that everyone can act on. Skift Global Forum 2025 delivers it. Groups that attend return with a common language, aligned priorities, and the agility to respond together in times of disruption. The most forward-looking companies in travel know one thing: no executive can track every shift in strategy, technology, and consumer behavior alone. That is why more industry leaders are registering their teams for Skift Global Forum, the world's most important travel industry conference. Multiply ROI with Group Attendance A single executive can take insights home. A team can absorb, debate, and act on them together in real-time. Group registration unlocks discounted pricing, but more importantly, it ensures your organization captures maximum return on investment. When teams attend as a group: Strategy comes alive : Marketing, product, and finance leaders hear the same ideas at the same time, reducing silos. : Marketing, product, and finance leaders hear the same ideas at the same time, reducing silos. Decisions accelerate : Alignment happens in real time. No waiting for recap decks or delayed buy-in. : Alignment happens in real time. No waiting for recap decks or delayed buy-in. Opportunities compound: Shared conversations with industry peers fuel cross-functional creativity. Strengthen Partnerships in Real Time Travel thrives on relationships. Attending with a partner or client transforms networking into shared momentum. Instead of following up later, you can discuss a keynote over coffee and sketch next steps before the event even ends. Group registration makes it easier to: Deepen trust through shared learning. through shared learning. Spot joint opportunities in sessions on technology, distribution, and demand. in sessions on technology, distribution, and demand. Expand networks together, opening doors that solo conversations may not open as easily. Invest in Leadership Development Executives know talent grows through exposure. Bringing a rising leader or direct report to Skift Global Forum is an immediate investment in development. They gain access to the same high-level discussions that shape the industry's future, while you build a shared vocabulary and vision for your organization. Accelerate Team Strategy Cross-department groups benefit most. A CMO can explore digital shifts with the CFO while evaluating capital priorities. A head of product can sit beside marketing leaders to imagine go-to-market strategies in real time. These collisions spark the kind of organizational clarity that shortens timelines and sharpens execution. Skift Global Forum is Your Team's Competitive Edge In travel, the speed of alignment can be the difference between leading and catching up. Skift Global Forum has become the annual checkpoint where strategy gets realigned, risks get clarified, and opportunities come into focus. Exclusive Group Pricing Group registration delivers meaningful savings, but seats are limited. Organizations that move early can lock in pricing and guarantee team access. With demand building each year, delaying can mean missing the chance to send the right mix of executives, partners, and future leaders.
