Western Union’s Stablecoin Is Almost Ready for the Market
Western Union is the latest legacy financial services firm to enter the stablecoin race, revealing that its U.S. dollar-backed token, USDPT, is in the “final stages” of preparation. Western Union is also rolling out two new services to help integrate the stablecoin into a broader ecosystem. The USD Stable Card, expected later this year, will […]
Japan Assembles Task Force to Assess AI’s Financial Services Risks
Anthropic sparked alarm after announcing that its Mythos model had uncovered widespread vulnerabilities across the financial sector, prompting Japan to launch a consortium to address what officials describe as “a crisis already at hand.” Earlier this month, Anthropic said a preview of Mythos identified thousands of critical vulnerabilities spanning all major operating systems and web […]
Stopping Fraud in Real-Time Payments Before It Starts
Organizations once had the luxury of reviewing suspicious transactions prior to settlement and clawing them back after the fact. But as both payments and fraud have accelerated, financial institutions are increasingly being pushed to move fraud prevention earlier in the payments lifecycle—ideally before a transaction ever occurs. In response, U.S. Federal Reserve Financial Services (FRFS)—which […]