Stablecoins have pinned their corporate finance hopes on a straightforward proposition: better cross-border B2B payments. Traditional cross-border payments are constrained by banking hours, fragmented data...
The U.S. has joined the country’s tech giants in urging G20 members to relax their stance on regulation of artificial intelligence (AI). For example, Nvidia CEO...
The head of the Financial Stability Board is urging global regulators to make the safe release of advanced artificial intelligence models a priority, warning that...
Five years ago, the G20 nations set out an ambitious goal: to make international payments faster, cheaper, more transparent and more accessible by 2027. The...
England’s central bank chief reportedly wants increased oversight into stablecoin and private finance risks. Bank of England Governor Andrew Bailey, in a letter to the Group of...
Spain has become Europe’s first banking market fully connected to the European Payments Council’s One-Leg Out instant payments plan. The country’s banking industry achieved that milestone earlier...
By 2027, the G20 wants 75% of international payments processed within an hour. Global messaging service Swift said its network is meeting that target, and...
New research shows that 134 countries are exploring central bank digital currencies (CBDCs). Those countries account for 98% of the world’s economy, according to findings released Tuesday...
TerraPay says financial institutions can now send money to mobile wallets via the Swift system. The announcement Tuesday (July 23) by the money movement company applies to 2.1...