Odaily Planet Daily News As one of Ripple’s largest partners in the Asia-Pacific region, cross-border payment company Tranglo shared its service statistics for 2021-2023. It is reported that Tranglo and its partners expanded the use of "On-Demand Liquidity (ODL)" in 2022, and ODL net trading volume increased from US$53 million in 2021 to US$970 million in 2022, an increase of more than 17 times. According to its CEO Jacky Lee, this breakthrough brings new cash flow opportunities to many small and medium-sized enterprises in various sectors. (U.Today)

According to a report by Webmaster's Home on August 17, McKinsey & Company, one of the largest consulting organizations, launched a new generative AI tool Lilli, a new chat application designed for employees by McKinsey's "ClienTech" team under the leadership of Chief Technology Officer Jacky Wright. program. Based on more than 100,000 documents and interview records, the tool provides information, insights, data, plans, and even recommends the best internal experts for consulting projects. According to the underlying technology, Lilli uses currently available LLMs, including LLM developed by McKinsey partner Cohere and OpenAI on the Microsoft Azure platform, to support its GenAI Chat and natural language processing (NLP) capabilities. The app was built by McKinsey and acts as a security layer between the user and the underlying data. Erik Roth, a senior partner at McKinsey, emphasized that McKinsey has nothing to do with the underlying "LLM" and is constantly exploring new LLM and AI models that provide the greatest utility, including older versions that are still being maintained. While the firm hopes to expand its use to all employees, Erik Roth also said McKinsey does not rule out white labeling Lilli and turning it into an external product used by McKinsey clients or other firms. Additionally, Erik Roth and his partners at McKinsey said that Lilli, which has been in beta since June 2023, will be fully rolled out at McKinsey this fall.

According to Jinse Finance, according to the official push of the NFT aggregation market Blur, the locked position on its platform has reached 160.82 million US dollars, a record high. In addition, Blur also said that an important announcement will be made soon, but the relevant information has not been disclosed yet. Today Blur founder Pacman announced that he plans to adjust the point system next week, but according to community rumors, the important announcement may be related to the new season of token airdrops. In addition, Domus co-founder Jacky Gekko said that the increase in Blur's lock-up volume is related to its launch of the lending agreement Blend, which is becoming a "game changer" in the NFT lending market.

Jinse Finance reported that Tranglo and Lulu Money announced the establishment of a cross-border payment partnership. Tranglo currently processes 80% of payments in real time. LuLu Financial Holdings operates the Digit9 platform, an API-first model for remittances-as-a-service. Jacky Lee, CEO of Tranglo Group, explained that Lulu is responsible for connecting end users, and this partnership will shorten the remittance time. Richard Wason, CEO of Lulu Financial, said the partnership will allow Tranglo to benefit from its extensive network while strengthening its payment infrastructure connecting various corridors.