Lloyds Bank Advances Blockchain and AI, Reduces Transaction Time to 4 Days
- Digital Transformation: Lloyds Bank's partnership with Enigio enables blockchain handling of international trade documents, successfully reducing traditional paper processing times to just four days, significantly enhancing international trade efficiency and lowering operational costs.
- Cost Savings: Since 2021, the bank has saved £1.5 billion through automation, with AI expected to deliver £50 million in value in 2023, rising to £150 million next year, further strengthening its competitive position in the market.
- Global Network Expansion: Collaboration with WaveBL allows the bank to process electronic bills of lading in 136 countries, eliminating courier fees and waiting times associated with paper systems, thereby enhancing its standing in global trade.
- Future Plans: Lloyds Bank aims to introduce tokenized deposits by 2027 and automate legal steps through smart contracts, positioning itself to connect with central bank digital currencies and assert the UK's leadership in international digital finance.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
About AI
About the author
