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/ai

BNY to give AI-powered 'digital employees' their own emails

Bank of New York Mellon has given dozens of AI agent 'digital employees' their own logins and will soon provide them with email accounts.

/crypto

Paxos launches stablecoin in the EU

Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.

/crypto

MiniPay and Noah debut global-to-local stablecoin payments

MiniPay and Noah have joined forces on non-custodial stablecoin payments that connect global banking rails with local payment methods.

/crypto

AllUnity secures BaFin EMI Licence to launch Euro stablecoin

AllUnity, a joint venture between asset manager DWS, market maker Flow Traders, and blockchain firm Galaxy, has been granted an E-Money Institution (EMI) licence by the German Federal Financial Supervisory Authority (BaFin)

/regulation

Wise makes bid for US national trust bank charter

UK-based money transfer giant Wise has applied to be directly regulated by the US Office of the Comptroller of the Currency and create a national trust bank.

/payments

US bank groups call for quick transition as Treasury phases out paper cheques

A trio of bank groups has written to the US Department of the Treasury urging it to move quickly in ditching paper cheques for electronic payment options.

/security

Mastercard applies AI to stem card reissuance fraud

Mastercard is rolling out Account Intelligence Reissuance, a GenAI-based fraud prevention service, in the Eastern Europe, Middle East and Africa (Eemea) region.

/ai

Lloyds Banking Group to test neurosymbolic AI

Lloyds Banking group is opening its innovation sandbox to a neural network-based AI product from UnlikelyAI.

/retail

Santander to acquire TSB for £2.65 billion

Santander has reached an agreemenet to acquire UK lender TSB from Banco Sabadell for £2.65 billion in an all-cash transaction.

/security

Australian banks launch nationwide Confirmation of Payee scheme

Australia's banks have begun the roll-out of a nationwide Confirmation of Payee programme to help protect customers from being tricked into sending money to criminals.

/crypto

Bitget launches zero-fee crypto card with Mastercard support

Mastercard, Bitget Wallet, and Immersve are launching a zero-fee crypto card that enables users to spend their crypto at more than 150 million merchants globally.

/crypto

Hokkoku and Soft Space to roll out SoftPOS tool that supports stablecoin transactions

Hokkoku Financial Holdings is working with Soft Space to develop a SoftPOS product that enables merchants to accept both contactless card payments and regulated stablecoin payments using only a smartphone or tablet.