/payments
Visa has shut down its US open banking unit amid regulatory uncertainty and bank plans to charge for customer data access, according to Bloomberg.
22 August 2025
/regulation
The Australian Transaction Reports and Analysis Centre (Austrac) has ordered the local unit of crypto giant Binance to appoint an external auditor over "serious concerns" about money laundering controls.
/retail
The Consumer Financial Protection Bureau (CFPB) has filed a complaint against Synapse Financial Technologies for allegedly losing customer funds when the company filed for bankruptcy protection.
US Federal Trade Commission Chairman Andrew Ferguson warned American tech giants against complying with the UK and EU’s new digital content laws to avoid violating US data protections.
/ai
Alphabet’s Google cloud computing services have been tapped by Meta in a deal worth at least $10 billion, a part of Meta’s move to expand AI capabilities.
The fintech subsidiary of Turkey's İşbank has enlisted Algbra Labs to support the launch of a digital banking brand in the UK.
Commonwealth Bank of Australia has rowed back its decision to cut 45 contact centre jobs after finding that the AI-powered "voice-bot" designed to reduce calls actually led to an increase in work for humans.
/crypto
Self-custodial crypto wallet MetaMask is launching its own native stablecoin, which will be issued by Stripe-owned Bridge.
21 August 2025
Crypto exchange Kraken has acquired Capitalise.ai, an Israel-based supplier of no-code, natural-language trading and analytical tools.
Digital business bank Grasshopper has moved into a private beta of Narmi's Model Context Protocol (MCP) server, laying the groundwork for client queries via Anthropic's AI assistant Claude.
A coalition of global finance trade associations has called on the Basel Committee on Banking Supervision (BCBS) to make changes to its "excessively conservative and overly punitive" upcoming Cryptoasset Exposures Standard.
Indian money management firm Fi Money is giving users a comprehensive overview of their financial net worth by snapping photos of physical assets and providing an instant valuation.
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