Payments Daily · Wednesday, October 7, 2026Daily
PAY.NEWS
South Korea Suspends Plan to Relax Bank Network Isolation Rules
South Korea’s Financial Services Commission suspended its plan to relax bank security rules after AI-assisted attacks affected seven financial institutions and exposed tens of thousands of customer records. The ECB is advancing the digital euro, Pontes, and Appia to build Europe’s digital financial infrastructure, with the digital euro pilot scheduled to launch in the second half of 2027.
Payments & Infrastructure
European Central BankFirst partyPiero Cipollone: ECB Advances the Digital Euro, Pontes, and Appia to Build Europe’s Digital Financial Infrastructure
ECB Executive Board Member Piero Cipollone said the ECB is expanding central bank money into retail payments and tokenized wholesale finance through the digital euro, Pontes, and Appia. The digital euro pilot is scheduled to launch in the second half of 2027 and continue for 12 months. If the legislative process is completed by the end of 2026, the ECB aims to be ready for the first issuance in 2029. Pontes was launched on September 21 to settle tokenized assets in central bank money, with full implementation expected to be completed by mid-2028.
Regulation & Compliance
South Korea’s Financial Services Commission Suspends Plan to Relax Bank Security Rules
South Korea’s Financial Services Commission suspended its plan to relax bank security rules after AI-assisted attacks affected seven financial institutions and exposed tens of thousands of customer records. The next round had originally been scheduled to select participating banks on October 7. The plan concerns South Korea’s network isolation rules. In the first round, 49 institutions with assets of at least 10 trillion won and at least 1,000 employees received one-year exemptions; the second phase was initially intended to expand coverage to 75 companies.
ICBA Sues OCC, Seeking Tighter Approval of National Trust Bank Charters
The Independent Community Bankers of America（ICBA）filed a lawsuit in federal court against the OCC and Jonathan Gould, seeking to overturn the rules, interpretive letters, and approval of Protego Holdings Corp.’s charter that underpin recent approvals of trust bank charters.