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Discover Latest #Bank News, Articles and Videos with Contenting
The latest news on Bank from the WSJ MoneyBeat Blog. Up-to-the-minute news and analysis on deals, markets and finance around the world. UBS to Pay $230 Million to Settle Interest-Rate-Rigging Case UBS has agreed to pay $230 million to settle a long-running civil lawsuit accusing the bank of rigging benchmark interest rates.
Worth Partners with Priority to Accelerate Merchant Onboarding at Scale
Worth, the fintech platform modernizing onboarding and underwriting for financial institutions, today announced that Priority, a publicly traded payments and banking solutions provider and one of the largest U.S. non-bank merchant acquirers, has adopted Worth’s AI-powered platform to streamline the merchant onboarding process.
Trust and Technology: How PSPs are Navigating the Stablecoin Payments Revolution | The Fintech Times
PSPs face a stablecoin dilemma: how to leverage DLT speed in cross-border payments while managing new risks like irreversible transactions and wallet security. Industry leaders reveal their strategy, focusing on preventative controls (whitelisting, screening wallets) and building a trust-first framework to meet bank-level customer expectations under new regulatory clarity (MiCA, Genius Act).
Aussie Sinks on Jobs Miss as Traders Revive RBA November Cut Bets - Action Forex
Australian Dollar fell sharply after a soft labor market report reignited expectations that the RBA may resume rate cuts soon. September’s data showed unemployment rising to 4.5%, its highest since 2021. The figures surprised policymakers and traders alike, as the Bank’s latest projections did not even envision unemployment climbing this high at any point over the next two years.