WisdomTree gets SEC approval for 24/7 trading
The investment broker announced a real-time trading and settlement option for its tokenized money market fund through USDC stablecoins and the ethereum ledger.
Stablecoins draw attention, but are still a tiny market
In this week’s American Banker global payments and fintech roundup, Revolut, Tether and Circle made announcements designed to improve their standing in the stablecoin market. That comes amid new research from McKinsey that says the digital asset is growing quickly, but has not made even a small dent in payments.
BMO says it’s finishing US reset, set to resume loan growth
BMO moved closer to hitting company-wide and U.S. profit targets after reporting increased first-quarter profits.
Anthropic’s AI tool sparks cybersecurity panic
Cybersecurity stocks tumbled after Anthropic unveiled a new vulnerability scanner, prompting vendors to defend their runtime protection platforms.
What Stripe would get by acquiring PayPal
There’s speculation about a potential deal, which could boost Stripe’s merchant appeal and accelerate its agentic commerce strategy. But payment experts also say Stripe could face a bidding war that includes AI companies.
Why banks see opportunity in advising art collectors
After a long price correction in the art market, Bank of America is expanding its advisory services for collectors — and it’s not alone.
Fincen seeking advisors for panel on modernizing AML
Banks, trade groups and regulators are eligible to join a group convened by Treasury’s Financial Crimes Enforcement Network, or Fincen, which will weigh in on anti-money-laundering rules, Bank Secrecy Act modernization and implementation of a recently passed stablecoin bill.
How the New York Stock Exchange deploys Anthropic’s Claude
The stock exchange is using the artificial intelligence extensively throughout the organization, including in development of a distributed ledger for tokenized securities.
Inside Visa’s quest to go beyond card swipes
Andrew Torre, the card network’s president of Value-Added Services, said demand for security, agentic commerce and better processing are creating demand for technology and consulting.
Payments processor Stripe expresses interest in PayPal
Stripe, which is closely held and is among the industry’s most valuable companies, has expressed preliminary interest in a potential acquisition of the digital payments pioneer or its assets.