Industry

Education: Tokenization: What It Is and How to Think About It

Bank of Canada

“Tokenization has received a lot of attention in recent years as a technology that could revolutionize financial markets and payments. It promises fast settlement, low risk for counterparties and minimal barriers to competition. Yet tokenization is often misunderstood. It is intrinsically complex, and there is no universally recognized framework for assessing the benefits, risks and […]

Industry

Saviynt Expands Identity Security for AI Solution With Intent-Aware Runtime Authorization for AI Agents

Saviynt

“Saviynt, a provider of identity security, released enhancements to its Agent Access Gateway — a runtime authorization layer that controls what AI agents can do as they interact with applications, data, APIs, tools, infrastructure, and other agents. As enterprises move AI agents from experimentation into production, security teams face a new access problem. Agents can […]

Companies

Ant Group Overhauls Alipay With AI Agent Interface To Challenge WeChat’s Billion-User Dominance

Foreign Policy Journal

“Ant Group is testing a redesign of its Alipay super app that would introduce an AI agent interface at its core. The design allows users to ask the Alipay AI to book a car ride, order coffee, or arrange food delivery by typing or speaking requests. The AI assistant, pronounced “Ah Bao” in Chinese, will […]

Tags: Ant Group

Industry

BPI and TCH Comment on FedNow Cross-Border Payments Rule

Bank Policy Institute

“The Clearing House Association and the Bank Policy Institute appreciate the opportunity to respond to the proposed rule and request for comment on amendments to subpart C of Regulation J (governing the FedNow® Service). The Associations support the objectives of the Proposal to expand the use of always-on payments rails for cross-border payments and to […]

Global

Brazil Nixes Settlement for Stablecoin eFX

Global Finance Magazine

“Banco Central do Brasil (BCB) has banned fintech and payment providers from settling overseas payments in stablecoins or crypto. The BCB is implementing new rules regarding its electronic foreign exchange (eFX) policy, which governs how payment institutions and e-money issuers provide cross-border services. Its immediate effects, when the new rules go into effect on Oct. […]

Tags: Brazil

Industry

Banking Groups Urge Regulators to Consider Stablecoin Risks

Banking Exchange

“In a joint letter, the American Bankers Association, the Bank Policy Institute, the Consumer Bankers Association and the Independent Community Bankers of America outlined recommendations for federal regulators to include in their annual report to Congress on stablecoins. The group identified concerns, including the vulnerability of payment stablecoin issuers to runs and the contagion risk […]

Global

RBI’s ‘Payments Vision 2028’ Ushers Structural Re‑Design of Ecosystem

Deccan Herald

“The vision document…seeks to build an open and interoperable card ecosystem with emphasis on merchant choice, smart tokenisation and orchestration, and transparent pricing. The vision document calls for innovation in card payments. This creates policy space for continued development of tokenised payment models, contactless and embedded experiences, stronger authentication and fraud controls and card-linked innovation […]

Tags: India

Companies

Ignore Stablecoins at Your Own Risk

Nacha

“At the moment, you’re unlikely to use stablecoin to pay for your new lawnmower or for the mocha latte to give you the energy to use it. But will that always be the case? Molly Woodman sees a day when things will be different. “People need to understand it a little bit better before using […]

Tags: Nacha

Industry

XRP Eyes Bigger US Payments Role Amid Fed Access Talks

Bitcoin News

“A policy discussion shared April 30 by Evernorth CEO Asheesh Birla on social media platform X linked XRP to a potential shift in U.S. payment infrastructure. Evernorth is building a public XRP treasury model for institutional exposure. The Evernorth executive framed the issue around access to core settlement infrastructure. The proposal would allow certain federally […]

Global

India to Pitch BRICS Payment System Similar To Brazilian PIX

Watcher

“According to a report from the Revista Forum, India is set to put forward a policy at the BRICS summit to launch a new payment system similar to the Brazilian PIX for cross-border transactions among member nations. This will not be a common currency like the euro, but could mandate central banks to settle transactions […]

Industry

ISO 20022 Is Entering Its Next Phase: How Payment Providers Can Prepare for CHAPS 2027

Progress

“The next phase of ISO 20022 is not about supporting a new message format. It is about capturing, governing and acting on structured payment data across customer channels, operations, fraud controls, compliance workflows, and downstream systems. The Bank of England’s policy statement on CHAPS makes that clear. From November 2027, Purpose Codes will become mandatory […]

Industry

BetMGM is Latest Online Gambling Operator To Ban Credit Card Payments

Gaming America

“BetMGM will soon eliminate credit card deposits for all U.S. customers.  As of March 31, customers can’t add new cards to their accounts. The phasing out continues from there until credit card deposits go away entirely. BetMGM has not revealed a final date for the deposits. The operator revealed the policy change during a March 25 […]

Companies

In Data We Trust? Emerging Policy and Supervisory Approaches to AI Data Use in Financial Services

BIS

“Data play a critical role in the transformation of the financial sector through artificial intelligence (AI). While challenges in data management are not new, they pose significant barriers to the wider adoption of advanced AI systems, such as generative AI (gen AI). Key concerns include data privacy, quality and security, which are further intensified by […]

Tags: Bank for International Settlements

Industry

Top US Banks Weigh Suing Federal Regulator Over Crypto Banking Rules

The Guardian

“Some of the largest US banks are considering suing their financial regulator, arguing that a new raft of licenses for crypto, payment and fintech could put American consumers and the wider financial system at risk. The Bank Policy Institute (BPI), which represents 40 of the biggest US lenders including JP Morgan, Goldman Sachs and Citigroup, is understood […]

Global

Bank of England: Extending RTGS and CHAPS Settlement Hours – Early Morning Extension

Bank of England

“The policy statement (PS) sets out a decision to extend CHAPS settlement hours by moving the start of settlement from 06:00 to 01:30. The intention is to put this early morning extension (EME) in place in September 2027, subject to final confirmation of the planned timelines with impacted CHAPS direct participants. This decision follows our […]

Tags: England