Why the BIS Is Worried About Stablecoins
The Bank for International Settlements (BIS) has raised new concerns about stablecoins, especially given that two issuers dominate the global supply. BIS General Manager Pablo Hernandez de Cos emphasized the need for stronger international coordination on regulation, warning that firms may gravitate toward jurisdictions with weaker rules. He cautioned that inconsistent regulatory frameworks could lead […]
France’s CB Payments Redoubles Efforts to Vie with Visa and Mastercard
As more regions prioritize payments sovereignty, France’s Cartes Bancaires (CB) network is working to reclaim some of the market share it has lost to Visa and Mastercard. The nonprofit network was created in the 1980s as a joint venture among France’s leading banks. However, CB has seen its domestic market share decline from over 90% […]
How Banks Are Competing with Fintech Apps for Small Businesses
As small businesses flock to peer-to-peer payment apps, banks are facing a quiet but significant threat to one of their most valuable customer segments. If they can’t keep pace with the Venmos and Cash Apps of the world, they risk losing not just transactions, but long-term financial relationships. In the Small Business, Big Debit Opportunity: […]