UK Regulator Calls for More Efficient Analysis of AI-Provided Data
One of artificial intelligence’s key strengths is its ability to spot anomalies—a functionality that Bank of England Governor Andrew Bailey said banking regulators aren’t fully leveraging. Bailey called for greater investment in AI and data analysis, despite the substantial investment many central banks have already made in the technology. The regulator noted that in many […]
Subscribers Want Control Before Signing Up
As the subscription model becomes a mainstay of the consumer economy, users are becoming more discerning about what they sign up for. In fact, many are now hesitant to subscribe to a service unless they know they can easily cancel it. According to research from Chargebee,82% of respondents said they were more likely to subscribe […]
Global Payment Orchestration = Redundancy, Options, Profits, Happier Customers
The correspondent banking model, which has dominated cross-border payments for years, is—at best—a deeply flawed system. It relies on manual processes, after-the-fact audits, and “trust” in foreign banks’ compliance, despite regulators confirming only 0.0001% of transactions are ever reviewed. And the ability to make a cross-border payment is critically dependent on correspondent banks – their […]
Banks That Actively Fight Fraud Retain Their Customers
As bank fraud continues to grow, it’s more important than ever for financial institutions to be proactive in fighting it. Research shows that when banks make a clear effort to identify and catch the criminal, customer loyalty improves—even among those who were directly affected by fraud. When a bank can’t tell a victim who was […]
Visa Aims to Mitigate Fleet Management Obstacles
The payments and expense process in fleet operations has long been a pain point—one that Visa aims to solve with its Fleet 2.0 platform. For companies managing large-scale fleets, lost or misused cards can be a significant financial drain. What’s more, the reporting process—often-manual—has been a constant source of frustration for drivers. According to Visa, […]
How Digital ID Acceptance Creates Opportunities in Payments
In the United States, digital wallets are often associated with big tech firms like Apple and Google. However, the European Union has launched a new program that could not only lay the foundation for government-issued wallets but also be the blueprint for widespread global adoption of digital identification programs. As Christopher Miller, Emerging Payments Analyst […]
FEMA Moves to FedNow Payments as Government Shifts Away from Paper Checks
As the federal government nears its deadline for sunsetting paper checks, the U.S. Treasury has begun sending disaster relief payments through FedNow. The Treasury Department was among the first organizations to go live with FedNow when the service launched two years ago. Now, with the Trump administration’s goal of eliminating paper checks by the end […]
EU Moves One Step Closer to Issuing a Digital Euro
After prolonged contention over the direction of the digital euro, European finance officials may have reached a compromise on the strategy for the central bank digital currency (CBDC). The European Central Bank (ECB) has positioned the digital euro as a much-needed counterweight to the dominance of both Visa and Mastercard’s card networks and dollar-backed stablecoins. […]
Grayscale Gains Approval for First Crypto Mutual Fund
The SEC has approved Grayscale’s multi-asset crypto exchange-traded product, Digital Large Cap Fund (GDLC)—the crypto world’s first equivalent of a mutual fund. Unlike earlier products that invested solely in bitcoin or ether, Grayscale’s fund offers a diversified basket of cryptocurrencies, including XRP, Solana, and Cardano. This approval comes after a long period in which numerous […]
Amex Refreshes Platinum Card Perks and Lifts Annual Fee
As more credit card companies compete for affluent customers, American Express is updating the benefits lineup on its premier card and raising the annual fee to $895. The new fee represents a substantial jump from the previous $695 mark, but Amex maintains that the hike is justified by the expanded perks and partnerships it has […]