peachwire

SAP and Samsung Shift Stablecoin Battle From Issuance to Distribution

The next phase of stablecoin competition may be decided less by who issues digital money and more by who controls access to customers. SAP and Samsung Shift Stablecoin Battle Insights Recent moves from SAP and Samsung point towards a model in which stablecoins are embedded inside financial software and consumer wallets, allowing businesses and individuals

SAP and Samsung Shift Stablecoin Battle From Issuance to Distribution Read More »

American Express Hit With $350m Penalty Over AML Failures

American Express National Bank has been fined $350m by the Office of the Comptroller of the Currency after regulators identified significant weaknesses in its anti-money laundering and Bank Secrecy Act controls. American Express Hit With $350m Penalty  The OCC also issued a cease-and-desist order, while the Federal Reserve separately imposed enforcement action on American Express

American Express Hit With $350m Penalty Over AML Failures Read More »

Mastercard Moves to Offline Payments as Europe Hardens Digital Infrastructure

Mastercard is introducing new offline payment requirements across Europe from 2027, allowing cardholders to continue making essential purchases during internet or power outages. Mastercard Moves to Offline Payments From February 2027, all newly issued Mastercard credit and debit cards in Europe will be capable of supporting offline payments. From May, all new and replacement terminals

Mastercard Moves to Offline Payments as Europe Hardens Digital Infrastructure Read More »

ANZ Tests Tokenised Deposits for Cross-Border Corporate Payments

ANZ has completed a live cross-border corporate treasury transaction using tokenised deposits and Swift’s blockchain-based ledger, in a test aimed at showing how digital money could move between banks without changing the customer experience. ANZ Tests Tokenised Deposits for Corporate Payments Working with BHP, Citi and Swift, the Australian bank processed US dollar payments between

ANZ Tests Tokenised Deposits for Cross-Border Corporate Payments Read More »

Plaid Pushes AI Deeper Into Credit, Fraud and Payment Risk

Plaid is expanding its use of AI across lending, fraud detection and payments, with a new generation of models designed to interpret financial behaviour over time rather than rely on isolated data points. Plaid Expands its use of AI  The open finance company has introduced new cash-flow underwriting tools alongside AI foundation models for fraud

Plaid Pushes AI Deeper Into Credit, Fraud and Payment Risk Read More »

HSBC Prepares Hong Kong Stablecoin Launch With RedCoin Brand

HSBC is preparing to launch a Hong Kong dollar-backed stablecoin under the HSBC RedCoin brand, beginning with retail payment use cases before expanding into corporate and institutional applications. HSBC Prepares Hong Kong Stablecoin Launch  The bank plans to introduce the stablecoin in the second half of 2026 under a licence granted in April. At launch,

HSBC Prepares Hong Kong Stablecoin Launch With RedCoin Brand Read More »