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EU weighs public blockchain for digital euro

/crypto

EU weighs public blockchain for digital euro

European Union policymakers are debating whether to launch the digital euro on public blockchains as they accelerate work on the CBDC in response to the passage of the Genius Act in the US and fears that it could see dollar-baked stablecoins dominate cross-border payments, according to the Financial Times.

UK banks closed third of branches in last five years

/retail

UK banks closed third of branches in last five years

The number of bank, credit union and building society branches in the UK has fallen by more than a third over the last five years.

Visa shuts US open banking unit - Bloomberg

/payments

Visa shuts US open banking unit - Bloomberg

Visa has shut down its US open banking unit amid regulatory uncertainty and bank plans to charge for customer data access, according to Bloomberg.

Australia orders Binance audit over AML concerns

/regulation

Australia orders Binance audit over AML concerns

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.

CFPB sues Synapse for mishandling customer funds

/retail

CFPB sues Synapse for mishandling customer funds

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.

FTC Chair warns US big tech on complying with UK and EU online safety acts

/regulation

FTC Chair warns US big tech on complying with UK and EU online safety acts

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.

Meta inks £10 billion cloud deal with Google

/ai

Meta inks £10 billion cloud deal with Google

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.

İşbank unit taps Algbra for UK digital banking launch

/retail

İşbank unit taps Algbra for UK digital banking launch

The fintech subsidiary of Turkey's İşbank has enlisted Algbra Labs to support the launch of a digital banking brand in the UK.

CommBank reverses plan to replace call centre staff with AI

/ai

CommBank reverses plan to replace call centre staff with AI

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 wallet MetaMask launches native stablecoin

/crypto

Crypto wallet MetaMask launches native stablecoin

Self-custodial crypto wallet MetaMask is launching its own native stablecoin, which will be issued by Stripe-owned Bridge.

Kraken acquires Capitalise.ai

/crypto

Kraken acquires Capitalise.ai

Crypto exchange Kraken has acquired Capitalise.ai, an Israel-based supplier of no-code, natural-language trading and analytical tools.

Grasshopper Bank adopts Narmi's MCP server for AI business insights

/ai

Grasshopper Bank adopts Narmi's MCP server for AI business insights

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.

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