How is the industry is moving past the ‘cards versus Pay by Bank’ binary to focus on consumer payments as a whole?
Framing payments as cards versus Pay by Bank misses the point — orchestration across rails is the real competitive battleground for fintechs and issuers alike.
AI-driven AML is only defensible if the governance framework precedes deployment — banks without audit trails are building compliance liability, not capability.
When your loan book is literally aging cheese, climate disruption to Emilia-Romagna's production isn't a tail risk — it's a core credit risk hiding in plain sight.
Banking a prediction market is reputationally risky; advising its IPO is lucrative — JPMorgan wants the fees without the regulatory exposure.
Capital concentration in a handful of fusion bets signals investor FOMO over fundamentals — most of this money will wait a decade for returns.
If a leading AI tool can be used to generate CSAM from real photos, every platform deploying image models faces imminent regulatory and liability exposure.
Get this in your inbox every morning.
Daily fintech briefing for founders and operators.