EU Plans to Link Its Real-Time Payments System with UPI
After highlighting the ongoing challenges in cross-border payments, the European Central Bank (ECB) is taking steps to link its instant payments system with India’s Unified Payments Interface (UPI). This integration was first proposed months ago, and after positive results from an exploratory study last month, the ECB is now moving forward with the realization phase […]
Holiday Season Brings Added Pressure for the Lowest-Income Borrowers
One concerning trend heading into the holiday shopping season is the rise in credit card delinquencies among the lowest-income households, even as consumers anticipate putting more spending on their cards. Since July, 60-day delinquency rates have climbed 11% year-over-year for lower-income households, according to data from VantageScore. Middle-income groups have seen a smaller increase of […]
The Rise of Smarter Cybercriminals Demands Stronger Fraud Defenses
Creating a synthetic identity used to be the realm of seasoned hackers, but now it can be done with a few simple prompts. Just as artificial intelligence has fueled countless business innovations, it has also been a boon for bad actors—allowing cybercriminals to commit fraud at a fraction of the cost and with greater sophistication. […]