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The ECB has selected two network service providers to connect payment service providers and national central banks to the digital-euro service platform, according to Finextra. The procurement defines a connectivity layer for participating institutions, rather than merchant acceptance or consumer distribution. It does not constitute a decision to issue a digital euro or establish a public launch date.
Senator Elizabeth Warren asked the Justice Department to investigate Bank of America’s anti-money-laundering failures and prosecute if warranted, requesting a response by November 12. The underlying enforcement concerns include foreign correspondent-account due diligence and suspicious-activity reporting—controls that govern how the bank assesses counterparties and reports suspicious transactions. Warren’s request does not establish that the DOJ has opened a criminal investigation or filed charges.
Source: Banking DiveCentral counterparties could gain a route to accepting tokenized versions of otherwise eligible collateral under a Bank of England consultation reported by Finextra. The distinction concerns how eligible assets are represented, not blanket eligibility for cryptoassets or privately issued stablecoins. For clearing members and custodians, the proposal connects tokenization with existing collateral-management processes; it does not establish lower margin requirements or production adoption.
Source: FinextraUzbekistan has announced the arrival of Apple Pay and Google Pay in its banking system, according to Finextra. The wallets add a distribution channel for eligible payment credentials and a way for cardholders to pay at merchants with compatible contactless acceptance. The available reporting does not identify participating issuers, eligible card portfolios or provisioning dates, so the announcement does not establish availability across all Uzbek banks.
Source: FinextraCIBC has selected Thought Machine as a core-banking supplier, and Finextra identifies the bank as the institution behind a previously announced £30 million investment. The relationship combines a banking-client commitment with financial backing, giving Thought Machine both a major-bank customer and capital. The disclosed scope stops short of naming covered products or migrated account volumes; it does not establish an enterprise-wide replacement of CIBC’s core or measured operating savings.
Source: Finextra“Hong Kong launched the Octopus card in 1997 for public-transport payments before expanding its use to shops and other everyday purchases. Octopus is the English brand; 八達通 is its Chinese name. Source: Octopus, “Our History” — https://www.octopus.com.hk/en/consumer/about-us/history/index.html
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