AI-Accelerated Attacks Are Collapsing Banks' Security Windows, BIS Warns
The BIS warns that AI-powered cyberattacks have shrunk banks' window to patch vulnerabilities from weeks to minutes, demanding a fundamental rethink of security protocols.…
Long-form coverage of cards, IBANs, payment rails, regulation and the technology that moves money — in seven languages, written by working operators.
The BIS warns that AI-powered cyberattacks have shrunk banks' window to patch vulnerabilities from weeks to minutes, demanding a fundamental rethink of security protocols.…
The DOJ's new National Fraud Enforcement Division will mine government and commercial datasets to detect fraud before any complaint is filed, reshaping corporate compliance calculus.…
The House of Lords voted 194 to 138 to mandate a UK Treasury digital asset strategy covering crypto, stablecoins, tokenized securities, and digital infrastructure.…
Chime CEO Chris Britt says the neobank has outgrown its bank partner model, acquiring Stride Bank to gain full control over product development and its regulatory destiny.…
Pam Kaur, the first woman to serve as finance chief at Britain's largest bank, will leave HSBC before next year's AGM and will not stand for board re-election.…
European finance and tokenization groups urge Brussels to scrap DLT asset limits entirely, or set a €1.5 trillion baseline if any cap survives.…
Coinbase and Moov have partnered to bring stablecoin acceptance, settlement, and real-time funding to over 1,000 US community banks and credit unions.…
UK digital asset firm Archax Group has secured FINRA approval for its US subsidiary, completing SEC broker-dealer registration and establishing rare transatlantic regulatory standing.…
A bipartisan bill introduced in the U.S. House would establish security controls and audit requirements for autonomous AI agents entering production environments.…
Nasdaq has invested $100M in Payward, Kraken's parent company, at a $21B valuation, signaling a strategic pivot toward tokenized equities and always-on trading infrastructure.…
Jon Cunliffe, Jochen Metzger, and Ron Berndsen join Fnality Europe's supervisory board as the firm eyes expansion beyond its sterling payment system.…
Mercury has secured conditional FDIC deposit insurance approval, marking a pivotal but incomplete step toward launching Mercury Bank as a fully licensed digital institution.…