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/regulation

New York regulator issues third party cybersecurity guidance

The New York State Department of Financial Services (NYDFS), has issued new cybersecurity guidance on how financial services firms should manage cybersecurity risks associated with third-party service providers (TPSPs).

/crypto

Coinbase bitcoin rewards credit card gets full release

Coinbase is opening up its bitcoin rewards card to the hundreds of thousands of Americans on its waitlist.

/regulation

FCA sues crypto exchange HTX

The UK's Financial Conduct Authority has filed a lawsuit against HTX, a cryptocurrency exchange linked to Justin Sun, a billionaire who has invested millions of dollars in the Trump family's crypto ventures.

/wholesale

Allica Bank buys embedded finance player Kriya

British SME challenger bank Allica has boosted its working capital efforts and moved into the embedded finance market through the acquisition of fintech Kriya.

/ai

Agentic AI platform selected for FCA sandbox

Ani Tech, a UK-based agentic AI platform focused on financial advice, has been chosen to participate in the inaugural AI sandbox initiative of the UK's financial regulator, the Financial Conduct Authority (FCA).

/crime

Consumers increasingly concerned about AI scams

A vast majority of consumers are concerned that increasingly sophisticated AI will be used for financial scams and a similar number expect their banks to use the same technology to protect them, according to recently published research

/regulation

American Fintech Council calls on CFPB to prohibit open banking data access fees

In the wake of the Consumer Financial Protection Bureau's decision to ditch its open banking rule, the American Fintech Council (AFC) has called on the regulator to preserve people’s right to access and share their financial data.

/regulation

Fed Governor touts 'skinny' masters accounts to promote payments innovation

The Federal Reserve is exploring the introduction of a "skinny" master account that would give access to basic Fed payment services to fintechs and other providers that currently have to work with third-party banks, says Governor Christopher Waller.

/ai

OpenAI hires Wall Street bankers to train AI in financial models

OpenAI has hired more than 100 former investment bankers to help train its AI to build financial models, according to Bloomberg.

/crypto

Coinbase buys crypto investment platform Echo

Coinbase has acquired crypto investment platform Echo for around $375 million in cash and stock.

/payments

TrueLayer to acquire open banking rival Zimpler

London-based payments network TrueLayer is set to expand its presence in Europe after striking an agreement to buy Nordic competitor Zimpler.

/markets

UK pension funds to back fintech startups

A consortium of 20 UK-based pension funds, asset managers and asset owners is set to invest in the country's fintech sector.