Company
Cornerstone Advisors is a research and consulting firm focused on banking and credit union technology, strategy, and performance benchmarking.
Paxos Labs launched PaxGy, a token built on the $2 billion PAXG that lends its gold to institutional borrowers so holdings grow in ounces. The extra metal comes from borrowers, so a holder takes on their credit risk as well as the gold price PAXG tracks.
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The bank moved a single test payment between North America and Europe on Stellar, and its head of digital assets calls USBDC one component of a strategy that also runs through the Open Standard and Zelle consortiums.
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Moov Money sends transfers to a recipient's existing debit card through Jack Henry's Banno platform and the card networks' push rails. Zelle already integrates with more than 2,300 institutions and moved more than $1.2 trillion last year.
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American Banker reports that Walmart, the biggest wallet holdout until now, is supporting Apple Pay. Its sources put the cost on issuers whose cards are not the default credential in a customer's phone.
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Eighteen percent of credit unions rate AI model risk a critical or high threat against 62% of national banks, yet 71% say they are not prepared, within two points of the national banks' 73%, a pattern that points to a difference in belief, not in staffing.
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Lenders see bigger tickets on better-established credits, while the contractors already inside see 114,500 new bidders competing for a reserved share of federal spending that the rule does not enlarge.
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A vendor-commissioned survey of more than 400 bank and credit union executives describes losses arriving through the dispute queue rather than the login screen. How much of the rise is new customer behaviour is not established.
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