First Pass

5 stories from 3 sources

Fintech’s next growth bets move into infrastructure and enterprise finance

Day’s Recap

Supporting Articles

8:01 PMFinextra

Singapore banks complete blockchain-enabled SGD transactions on Swift ledger

Summary

DBS, OCBC and UOB have completed live domestic Singapore dollar transactions using tokenised deposits on Swift's blockchain-based ledger.

The shift from testing to live settlement gives tokenised bank deposits a practical use case

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Why it matters

Live transactions move tokenised deposits closer to mainstream banking infrastructure and commercial adoption.

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8:52 PMPYMNTS

PayPal’s New CEO Bets on Going It Alone After $50 Billion Buyout Stalls

Summary

PayPal CEO Enrique Lores is developing a standalone strategy after a proposed sale valued at more than $50 billion collapsed this summer. Investors remain unconvinced that he can revive the payments company without a buyer.

The failed sale leaves Lores responsible for proving that PayPal can recover independently. That raises

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Why it matters

PayPal must now deliver a credible turnaround without the capital, restructuring, or management change a buyout could have brought.

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6:35 PMPYMNTS

Ripple Looks to $13 Trillion Corporate Treasury Space for Stablecoin Growth

Summary

Ripple is targeting the corporate treasury market, which it values at $13 trillion, as a major growth opportunity for its stablecoin business. The strategy includes Ripple Treasury, the business built around its $1 billion acquisition of treasury management software provider GTreasury.

Ripple is positioning stablecoins as enterprise treasury infrastructure, not just crypto trading assets. That would

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Why it matters

Corporate treasury could give stablecoins a far larger and more durable use case than retail payments or crypto speculation.

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Other Developments

A curated list of other prominent stories from this day.

5:54 PMPYMNTS

Revolut Says Customer Data Leaked in Email Scam

Summary

Revolut says an unauthorized third party used a legitimate government email domain in a scam that exposed sensitive information belonging to a limited number of customers. The company said it blocked the address involved.

The breach shows that trusted government domains can help attackers bypass basic email defenses and

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Why it matters

A small data leak can still create broader fraud risk when attackers exploit trusted government identities.

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4:23 AMEconomic Times

ETMarkets Smart Talk| From floor trading to AI algos: Why India’s retail traders are entering the automation era, says Shruti Jain

Summary

AI-powered algorithmic trading is becoming more accessible to Indian retail investors through Sebi’s regulatory framework, trading APIs, and no-code platforms. Shruti Jain of Arihant Capital says automation can improve execution, reduce emotional bias, and make systematic trading more common.

The key shift is that algorithmic tools are moving from institutional desks into retail workflows.

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Why it matters

Retail trading could become more systematic, but easier automation may also scale losses alongside potential gains.

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