Chainlink partners with major Financial Institution Groups like Swift to improve corporate behavioral data reporting using artificial intelligence and blockchain

Data provider Chainlink (LINK), together with major financial marekt players such as Euroclear, Swift, and Franklin Templeton, on Monday announced the launch of an initiative to leverage artificial intelligence and blockchain technology to make corporate behavioral data more accessible and standardized.
The project aims to address a long-standing challenge in the financial sector. According to Chainlink's report, there is a lack of standardized and real-time data on corporate behavior, such as mergers, dividends, and stock splits, which are fragmented in markets such as Europe. Automating and standardizing this information could help significantly reduce operational inefficiencies, which currently cost companies millions of dollars a year due to errors and manual data processing, and which investors typically use.