On June 17, the U.S. Senate passed the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS Act). This law establishes the first federal regulatory framework for payment stablecoins. It defines who can issue them, how they must be backed, and how they should be supervised.
The financial industry is undergoing a significant transformation. Traditional banks like Bank of America, Standard Chartered, and Deutsche Bank, along with fintech companies such as PayPal, Revolut, and Stripe, are entering the stablecoin market by launching their own stablecoins.
The European Payments Council (EPC) announced the new major initiative for PSPs, to strengthen security and improve interoperability in payments across Europe, which is planned to go live in October 2025.
Following PSD2, the Payment Services Directive 3 (PSD3) introduces a range of updates intended to strengthen security, encourage innovation, and streamline the efficiency of the European payments sector.
In an era of constant technological progress in the financial world, A2A (Account to Account) transactions that are undergoing promising changes and becoming an important factor in the history of payment innovations.
A major breakthrough in the artificial intelligence (AI) industry came with the introduction of ChatGPT in the fall of 2022.
China consistently ranks among the leading positions among the world’s countries in economic level and development rapidity. The yuan is one of the five most widely used payment currencies.
Many countries are preparing, and some have already launched, digital currency projects. Known as Central Bank Digital Currency (CBDC), will centralized digital currency become an important step in the world economy’s evolution?
In a mystical, faraway kingdom, there was a merchant who sold miraculous goods: a magic closet that freezes food, a self-propelled carriage, a casket that speaks and sings in a human voice.
The financial business landscape is constantly changing — companies need to be able to adapt to new conditions. This year is seeing several new technological developments in the banking industry.
