Four-hour briefing
Fintech Briefing —
What changed in fintech over the last 4 hours
Top Stories
- Polygon Debuts Multi-Chain Crypto Checkout for Merchants
Polygon has introduced Crypto Checkout, a merchant payments product that enables businesses to accept stablecoins across various blockchains, tokens, and wallets. The system routes and converts assets behind the interface, allowing merchants to settle directly in stablecoins like USDC and USDT.
- Mobile Channels Drive 90% of Surging Banking Scam Attempts
Attempted banking scams rose 35% across more than 370 financial institutions, according to BioCatch's 2026 Global Scams report. Mobile devices facilitated 90% of scam sessions, with investment scams generating the highest average attempted value at $6,600.
- In-House Digital Identity Teams Face Elevated Incident Rates
A study by PYMNTS Intelligence and Trulioo found that 53% of organizations handling identity verification in-house experienced Know-Your-Agent incidents or losses, compared to 24.1% using external providers. In-house setups also contended with higher customer onboarding abandonment and manual review burdens.
Crypto & Digital Assets
- Consortium Launches Open USD to Challenge Stablecoin Market Leaders
A consortium of financial and crypto firms has rolled out Open USD, a 1:1 U.S. dollar-backed stablecoin designed for interoperable settlement across wallets, exchanges, and DeFi apps. The token is aimed at competing in a sector predominantly led by Tether's USDT and Circle's USDC.
Sources
FinanceFeeds, PYMNTS