PAYMENTS & MONEY
The Wallet Ships in December. Banks Must Accept It a Year Later.
For a decade banks have owned the login. eIDAS 2 turns identity into something the customer carries and the bank is obliged to accept on request.
PAYMENTS
Open banking
PSD2, PSD3, CMA9, FDX — open banking APIs, payment initiation, and the data-portability fabric.
PAYMENTS & MONEY
PSD2 Made Banks Build an API. FiDA Makes Them Join a Market.
Under PSD2 a bank could comply alone: build the endpoint, publish the spec, done. FiDA has no unilateral path. Compliance runs through a scheme, and the scheme is being designed right now.
APPLIED AI
The 2026 Global Payments Outlook: Operating Model, Risk, and Revenue in an Agentic, Invisible, Real-Time World
Payments are now the core of bank technology strategy. This is the operating model, risk frontier and revenue playbook G-SIBs need to lead the agentic, real-time cycle.
PAYMENTS & MONEY
Open Source, FINOS and the Cloud-Native CIB Stack
Morgan Stanley, JPMorgan and Citi are doubling down on FINOS and the Linux Foundation. A Rust-and-zero-dependency stack — noyalib, http-handle, hsh, KyberLib — shows what the cloud-native CIB stack looks like in 2026 under PSD3, FiDA and DORA.
PAYMENTS & MONEY
The 2026 Global Payments Outlook: Operating Model, Risk, and Revenue in an Agentic, Invisible, Real-Time World
The 2026 global payments cycle is defined by three converging forces — agentic commerce, invisible embedded payments, and real-time execution — sitting on top of a tokenised unified ledger under Project Agorá and a hard November 2026 SWIFT structured-address cut-over. This piece synthesises the J.P. Morgan, Global Payments, HSBC and Payments Association 2026 outlooks into a four-pillar G-SIB operating model.
PAYMENTS & MONEY
Cross-Border 2026: ISO 20022, Open Finance and Tokenised Deposits in Corporate Treasury
Cross-border corporate treasury in 2026 is a multi-rail engineering problem. ISO 20022 is the common grammar, A2A and open finance under PSD3/FiDA are the customer-facing rail, tokenised deposits handle the wholesale settlement leg, and SWIFT still anchors the long tail. The interesting work is in the orchestration layer, not the model.
APPLIED AI
The UK Payments Forward Plan in 2026: Stablecoins, Open Banking, Tokenised Deposits, and Agentic Payments
The UK Payments Forward Plan and April 2026 policy package set out a single framework for traditional payments, stablecoins, tokenised deposits, open banking, and agentic payments. The strategic question for banks is design discipline: which data, rails, controls, liabilities, and client workflows belong together — and how to evidence the orchestration to regulators.