U.S. Treasury Official Underscores Risks in Emerging Cross-Border Payments Systems
A senior U.S. Treasury official expressed concerns that establishing a cross-border payments system outside a transparent regulatory framework could pose risks to economic stability, potentially leading to international ramifications. According to Bloomberg, Brent Neiman, Assistant Secretary for International Finance at the U.S. Treasury, was particularly concerned about the potential for misuse of improperly regulated systems […]
After the Success of the Bitcoin ETF Options, What Comes Next?
The success of options trading on BlackRock’s iShares Bitcoin Trust ETF (IBIT) serves as yet another signal that cryptocurrencies are here to stay as a viable investment class. The ETF traded 73,000 options contracts within its first 60 minutes on the Nasdaq market, ranking it among the top 20 most active nonindex options, reports CNBC. […]
How FIs Can Get Ready for Nacha’s Upcoming New Rule
As fraudsters become more innovative in their schemes, Nacha is rolling out new rules to address emerging fraud risks, particularly scams involving business email compromise, vendor impersonation, and the increasing use of money mules. These key changes, centered around the ACH rules, began rolling out in October and will continue through 2026. In a recent […]
From Ghosts to Customers: Transformative Approaches to Financial Inclusion
Tue, Dec 3, 2024 1:00 PM – 2:00 PM EDT Register Now A transformative demographic shift is on the horizon for the United States. As baby boomers age and millennials establish themselves with their preferred financial services providers, new consumer populations—especially Gen Z and new-to-country individuals—are growing rapidly. But as these populations attempt to use […]
Collaboration May Be the Strongest Weapon Against Payment Fraud
A payments platform grappling with fraud losses grew frustrated when its risk scoring system failed to differentiate effectively, leaving every transaction in the same neutral-risk category. Even high-risk transactions slipped through undetected. The organization then turned to a collaborative intelligence network that was focused on flagging suspicious email accounts. This shift led to a 327% […]
Google Lens Gets AI Upgrade to Take the Guesswork Out of Holiday Shopping
Just in time for the holidays, Google is updating the artificial intelligence engine behind its visual search tool Google Lens, aiming to help shoppers make more informed decisions at brick-and-mortar retailers. According to Google, 72% of consumers use their smartphones in-store to find the right item at the right price. However, over half of these […]