European Central Bank Looks to Test Digital Euro in 2027
That’s assuming national governments and the European Parliament agree on a legal framework next year, with potential issuance…
FinTechs In Limbo as Court Sides With Fed on Master Account
Access to the Federal Reserve’s payment rails has long been coveted by FinTechs and non-traditional financial institutions seeking…
Tether Releases Attestation Report Showing Excess Reserves
Stablecoin issuer Tether released an attestation report Friday (Oct. 31) saying that as of Sept. 30, its reserves…
FinTechs In Limbo as Court Sides With Fed on Master Account
Access to the Federal Reserve’s payment rails has long been coveted by FinTechs and non-traditional financial institutions seeking…
Federal Reserve to Cut Staff at Supervision Division
The Federal Reserve is reportedly set to reduce the staff of its supervision and regulation division by 30%,…
Santander’s Digital Banking Business Helps Drive Record Quarter
Santander says sustained customer growth and ongoing digital transformation helped drive a record quarter. Management said in releasing…
Goldman and DBS Complete OTC Interbank Crypto Options Trade
DBS and Goldman Sachs have conducted the first-ever over-the-counter cryptocurrency options trade between two banks. “The involvement of…
European Central Bank Aims to Launch Digital Euro in 2029
The European Central Bank is reportedly targeting 2029 for the launch of its digital euro. Officials will decide…
Fed Considers ‘Skinny’ Master Accounts for Some FinTechs
The Federal Reserve is reportedly considering granting FinTechs a form of direct access to its core payment infrastructure.…
Labor Economy Workers Make Wallets Their Banks
The Labor Economy is a group of about 60 million essential workers who keep the service and supply…
Authorized Push Payment Fraud Losses in UK Rise 12%
Authorized push payment (APP) fraud drove an increase in losses to payment fraud and scams in the first…
Federal Reserve Embraces Payments Innovations
To that end, the central bank will be more active in studying those advancements. Fed Governor Christopher Waller…