Feed Items
A new bank-led project focused on digital money was announced Friday (Oct. 10), and another such project gained a member.
Ten international banks are jointly exploring the issuance of an industry-wide form of digital money and are in contact with regulators and supervisors in the relevant markets about the project, BNP Paribas said in a Friday press release.
Together with BNP Paribas,...
For the past few years, the business landscape has been defined by two words that rarely coexist comfortably: uncertainty and innovation.
Across sectors, volatility in supply chains, capital costs and customer demand continues to test the resilience of mid-sized enterprises. Yet paradoxically, the same turbulence has accelerated a new wave of B2B innovation that promises to rewire how...
Consumer sentiment paused its late-summer slide in October, but the story behind the headline hasn’t changed: households remain fixated on high prices and a softening job outlook, and they don’t expect quick improvement.
Pocketbook issues like high prices and weakening job prospects remain at the forefront of consumers’ minds. At this time, consumers do not expect meaningful...
Artificial intelligence is set to drive a “massive shift” in employment in banking and other knowledge worker fields, according to Klarna CEO Sebastian Siemiatkowski.
In a Friday (Oct. 10) interview with Bloomberg Television, Siemiatkowski offered as an example the 8,000 translators working in Brussels, saying that their jobs can be largely done by AI, with some humans providing...
Some of the new features offered by Block’s Square and Cash App brands take direct aim at the fees charged by card networks, Bloomberg reported Friday (Oct. 10).
The company is offering the local businesses that use its payment network a payment processing rate of 1% on orders placed through Cash App, lower than the card networks’ fees that can be as high as 3%, according to the report...
Earnings season is dawning for the third quarter, and the first corporate scorecards from Delta Air Lines, Levi Strauss and PepsiCo revealed a consumer who is still spending—but with discernment.
From air travel to denim to beverages, consumers in the United States are trading off, trading down and holding the line on discretionary purchases, balancing value and experience as budgets...
Financial authorities should monitor the effects of the use of artificial intelligence, the Financial Stability Board and the Bank for International Settlements said in separate reports released Friday (Oct. 10).
The FSB found in its report that financial institutions may grow too dependent on too few third-party service providers that help develop and deploy generative AI applications...
Stablecoins have for much of their history existed in the margins of global finance. Considered useful, intriguing but not quite essential, they were the lubricant for crypto markets, not the engine for global payments.
That view may be changing.
This week’s headlines suggest an ongoing shift: from North Dakota’s plan to issue a state-backed digital token, to Fiserv’s new digital asset...
Subprime borrowers are reportedly having a harder time keeping up with their car payments.
A record-high share, more than 6%, of these consumers are 60 days or more overdue on their payments, while the share of other borrowers who are delinquent has remained steady, The Wall Street Journal reported Friday (Oct. 10), citing data from Fitch Ratings.
The report also said J.D. Power found...
Artificial intelligence (AI) is becoming a core part of organizational infrastructure, but its ability to provide a lasting competitive advantage is waning. A MIT Sloan Management Review analysis argues that as AI tools and data capabilities become accessible to nearly every enterprise, differentiation will depend less on automation and more on how technology interacts with people. This has...