PANews reported on December 9th that FLock.io, a decentralized AI model platform, announced a collaboration with Deluthium, an AI-native liquidity infrastructure project, and Aerodrome, a central liquidity hub on the Base public chain, to jointly build CARiFIN, a next-generation on-chain inclusive finance platform. This platform will be accelerated for deployment in the United Nations Development Programme (UNDP) Latin America and the Caribbean (LAC) region. This collaboration aims to address key bottlenecks in the current microinsurance market, such as trust issues, insufficient liquidity, and compliance challenges, providing timely and efficient insurance support to underserved populations in the region, particularly women. To build this highly reliable backend system, each partner will leverage their core strengths and collaborate closely. The model trained by FLock.io will serve as the computational brain of this micro-insurance platform, mastering the core insurance logic and responsible for privacy-preserving risk modeling and automated claims decision-making. Deluthium will handle the execution of currency transactions and stablecoin exchanges during the claims process, ensuring smooth, zero-slippage settlement through institutional-grade dark pools. Aerodrome will utilize its modular VerifiedERC20 standard to unlock on-chain identity verification and ensure compliance for payment recipients.PANews reported on December 9th that FLock.io, a decentralized AI model platform, announced a collaboration with Deluthium, an AI-native liquidity infrastructure project, and Aerodrome, a central liquidity hub on the Base public chain, to jointly build CARiFIN, a next-generation on-chain inclusive finance platform. This platform will be accelerated for deployment in the United Nations Development Programme (UNDP) Latin America and the Caribbean (LAC) region. This collaboration aims to address key bottlenecks in the current microinsurance market, such as trust issues, insufficient liquidity, and compliance challenges, providing timely and efficient insurance support to underserved populations in the region, particularly women. To build this highly reliable backend system, each partner will leverage their core strengths and collaborate closely. The model trained by FLock.io will serve as the computational brain of this micro-insurance platform, mastering the core insurance logic and responsible for privacy-preserving risk modeling and automated claims decision-making. Deluthium will handle the execution of currency transactions and stablecoin exchanges during the claims process, ensuring smooth, zero-slippage settlement through institutional-grade dark pools. Aerodrome will utilize its modular VerifiedERC20 standard to unlock on-chain identity verification and ensure compliance for payment recipients.

FLock.io has partnered with Deluthium and Aerodrome to build CARiFIN, with the United Nations Development Programme accelerating its implementation.

2025/12/09 20:00

PANews reported on December 9th that FLock.io, a decentralized AI model platform, announced a collaboration with Deluthium, an AI-native liquidity infrastructure project, and Aerodrome, a central liquidity hub on the Base public chain, to jointly build CARiFIN, a next-generation on-chain inclusive finance platform. This platform will be accelerated for deployment in the United Nations Development Programme (UNDP) Latin America and the Caribbean (LAC) region. This collaboration aims to address key bottlenecks in the current microinsurance market, such as trust issues, insufficient liquidity, and compliance challenges, providing timely and efficient insurance support to underserved populations in the region, particularly women.

To build this highly reliable backend system, each partner will leverage their core strengths and collaborate closely. The model trained by FLock.io will serve as the computational brain of this micro-insurance platform, mastering the core insurance logic and responsible for privacy-preserving risk modeling and automated claims decision-making. Deluthium will handle the execution of currency transactions and stablecoin exchanges during the claims process, ensuring smooth, zero-slippage settlement through institutional-grade dark pools. Aerodrome will utilize its modular VerifiedERC20 standard to unlock on-chain identity verification and ensure compliance for payment recipients.

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Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut

Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut

The post Big U.S. banks cut prime rate to 7.25% after Fed’s interest rate cut appeared on BitcoinEthereumNews.com. Big U.S. banks have lowered their prime lending rate to 7.25%, down from 7.50%, after the Federal Reserve announced a 25 basis point rate cut on Wednesday, the first adjustment since December. The change directly affects consumer and business loans across the country. According to Reuters, JPMorgan Chase, Citigroup, Wells Fargo, and Bank of America all implemented the new rate immediately following the Fed’s announcement. The prime rate is what banks charge their most trusted borrowers, usually large companies. But it’s also the base for what everyone else pays; mortgages, small business loans, credit cards, and personal loans. With this cut, borrowing gets slightly cheaper across the board. Inflation still isn’t under control. It’s above the 2% goal, and the impact of President Donald Trump’s tariffs remains uncertain. Fed reacts to rising unemployment concerns Richard Flynn, managing director at Charles Schwab UK, said jobless claims are at their highest in almost four years, despite the Fed originally planning to keep rates unchanged through the summer. “Although the summer began with expectations of holding rates steady, the labor market has shown more signs of weakness than anticipated,” Flynn said. Hiring has slowed because of uncertainty around Trump’s trade policy. Companies are hesitating to add staff, which is why job growth has nearly stalled. As fewer people are hired, spending starts to shrink. And that’s when things start to unravel. That’s what the Fed is trying to get ahead of with this rate cut. The cut also helps banks directly. Lower rates mean more people may qualify for loans again. During the previous rate hikes, lending standards got tighter. Now, with cheaper credit, smaller businesses could get approved again. If well-funded businesses feel confident, they may hire again. That could eventually help the consumer side of the economy bounce back, but that’s…
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BitcoinEthereumNews2025/09/18 16:32