In order to allow U.S. military staff to get paid during the government shutdown, Treasury Secretary Scott Bessent is reportedly prioritizing payments in a way some of his predecessors said during previous budget clashes could not be done. Bessent told Fox Business Monday (Oct. 13) that the Treasury Department is “having to prioritize payments,”
The post Bessent Says US Will ‘Prioritize Payments’ During Government Shutdown appeared first on PYMNTS.com. With several banks set to report their third quarter earnings this week, analysts reportedly expect them to show strong growth but will also be looking for signs of headwinds from delinquencies in student and auto loans. The sector’s growth has been fueled by a surge in mergers and acquisitions, a pickup in capital markets
The post Analysts to Watch for Signs of Headwinds in Banks’ Earnings Reports appeared first on PYMNTS.com. Robinhood is reportedly looking at the prediction markets space as it continues to expand its offerings beyond its retail trading platform. The company is considering growing in the event contracts space through an acquisition, joint venture, partnership or by building its own products, Reuters reported Monday (Oct. 13), citing its interview with JB Mackenzie,
The post Robinhood Aims to Increase Presence in Prediction Markets Space appeared first on PYMNTS.com. LSEG, the operator of the London Stock Exchange and provider of global financial markets infrastructure and data, partnered with Microsoft to facilitate access to artificial intelligence-ready data and enable agentic workflows at financial institutions. The collaboration will allow LSEG customers to connect with the company’s licensed data to build AI agents in Microsoft Copilot
The post LSEG and Microsoft Partner to Help Financial Institutions Build AI Agents appeared first on PYMNTS.com. It is now broadly accepted that U.S. households have already been absorbing at least some portion of trade war costs. But Goldman Sachs’ latest modeling suggests the burden is a heavy one. In a recent client note widely cited on Monday, Goldman economists estimate that consumers will ultimately bear more than 50% of the
The post Goldman Raises Estimates of Tariff-Related Costs Paid by Consumers appeared first on PYMNTS.com.PYMNTS.com What's next in payments and commerce
FinTecBuzz Fintech News
- ECB Taps G+D, Nexi, Capgemini for Offline Digital Euroby BusinessWire on October 13, 2025 at 6:00 pm
Advancing the preparation of a digital euro, the European Central Bank (ECB) has announced the conclusion of the framework agreements for each of the five digital euro negotiated procurement procedures (also see the notice view in the Official Journal of the EU). A cooperation between Giesecke+Devrient (G+D) partnering with Nexi and Capgemini has now been selected as the first ranked tenderer in the framework agreement to provide an end-to-end solution to make digital euro payments offline available to... The post ECB Taps G+D, Nexi, Capgemini for Offline Digital Euro first appeared on FinTecBuzz.
- Capital A Uses Ant’s AI FX Tool to Cut Hedging Costs 40%by BusinessWire on October 13, 2025 at 5:30 pm
Ant International’s proprietary Falcon Time-Series Transformer (TST) Model forecasted Capital A’s sales and FX exposures to manage FX costs more efficiently Enhanced FX strategy reduced Capital A’s FX hedging costs by up to 40% Capital A has partnered with Ant International to optimise treasury operations and enhance customer experience for its airline business, AirAsia. By leveraging Ant International’s proprietary Falcon Time-Series Transformer (TST) Model, Capital A was able to better manage AirAsia’s cash flows across... The post Capital A Uses Ant’s AI FX Tool to Cut Hedging Costs 40% first appeared on FinTecBuzz.
- BingX and John Terry Share Crypto Playbook at TOKEN2049by PRNewswire on October 13, 2025 at 4:30 pm
BingX, a leading cryptocurrency exchange and Web3 AI company, wrapped up a landmark presence at TOKEN2049 Singapore, the world’s largest crypto event, where it participated as a Title Sponsor. Across two days, BingX showcased its role as a thought leader in the convergence of AI and blockchain, while reinforcing its position in the industry through partnerships, keynotes, and community engagement. A highlight of BingX’s participation was the presence of Chelsea Football Club legend John Terry,... The post BingX and John Terry Share Crypto Playbook at TOKEN2049 first appeared on FinTecBuzz.
- Blue Ocean to Launch Tokenized US Equities Tradingby PRNewswire on October 13, 2025 at 4:00 pm
Blue Ocean Technologies, LLC, a capital markets fintech leader in global trading and data, announced today its intent to pursue integration with the forthcoming tokenized National Market System (NMS) equities solution. This development positions Blue Ocean ATS as the first alternative trading system to support the trading of tokenized U.S. equities as the industry enters its next phase of modernization. Building on Blue Ocean’s pioneering record as the first regulated U.S. equities trading venue, operating during the... The post Blue Ocean to Launch Tokenized US Equities Trading first appeared on FinTecBuzz.
- FlexM Secures Strategic Investment from Torkey Timesby PRNewswire on October 13, 2025 at 3:30 pm
FlexM, a licensed fintech group specializing in payment solutions, cross-border remittance, and compliance, has secured a strategic investment from China’s e-commerce and technology giant, Torkey Times Technology Pte Ltd (TTT). The partnership aims to accelerate FlexM’s global expansion and strengthen its market position. With this investment, Torkey Times Technology and its founders, Mr. Yang Hanping and Mr. Xu Kaiqiang, join FlexM’s top three shareholders, alongside founder and Chairman Mr. Rune Nilsson and Co-Founder and CEO Mr. Naveed... The post FlexM Secures Strategic Investment from Torkey Times first appeared on FinTecBuzz.