October 2025 – Page 2

Digital Euro Set for 2027 Pilot Launch Before Official 2029 Rollout

The European Central Bank (ECB) has announced plans to initiate a pilot for a digital euro in 2027, with a full launch projected for 2029....

Citi Names CEO as Chair of the Board

Citi, a prominent US investment bank, has appointed Jane Fraser as the new chair of its board of directors, marking a significant leadership transition. She...

Bank Profits at Risk of $170 Billion Loss Due to AI

A report from McKinsey highlights a significant risk for banks, estimating that failure to adapt to the increasing adoption of artificial intelligence (AI) by consumers...

Zelle Utilizes Stablecoins for Global Expansion

US bank-backed P2P payments service Zelle has announced plans to use stablecoins to facilitate cross-border payments. Zelle's operator, Early Warning Services, has revealed that it...

Anthropic Enhances Claude for Financial Services

Anthropic, the AI startup supported by both Amazon and Google, has enhanced its Claude for Financial Services platform by introducing an Excel add-in and integrating...

PayPal Incorporates Mastercard Agent Pay into Wallet

Mastercard's agentic payments platform is being integrated into PayPal's wallet, enabling AI agents to complete transactions on behalf of users. This partnership will allow hundreds...

UBS Restructures Key Operations Positions

Swiss bank UBS has announced a series of changes to its executive team, including a reshuffle in its operations and technology roles. Group chief compliance...

Modern Treasury Acquires Stablecoin Platform Beam

Payments orchestration platform Modern Treasury is expanding into stablecoins through the acquisition of Beam. Financial terms of the deal were not disclosed. Beam is a...

Starling Introduces AI Tool for Scam Detection

UK challenger bank Starling has introduced what it claims is the UK's first AI tool designed to detect purchase scams. The Scam Intelligence tool allows...

Citi Collaborates with Coinbase for Institutional Digital Asset Payment Solutions

Citi is collaborating with Coinbase to introduce digital asset payment capabilities for the bank's institutional clients. The partnership leverages Coinbase’s expertise in digital asset infrastructure...