ClearBank has received regulatory approval to let European clients access stablecoins, including Euro Coin and USD Coin. The move expands the bank’s digital asset offering for institutional customers in Europe.
Finextra ↗FinCEN and OFAC have issued a joint proposed rule to implement parts of the GENIUS Act for stablecoin issuers. The proposal would add anti-money laundering and sanctions compliance requirements for the sector.
Finextra ↗LexisNexis Risk Solutions says its latest Cybercrime Report found global fraud rates rose 8% over the past year. The increase was driven by attacks on gaming, gambling and ecommerce, along with synthetic identities and agentic bots posing as humans.
Finextra ↗Circle announced the launch of Circle Payments Network Managed Payments, a full-stack platform for stablecoin settlement. The product is aimed at improving how payments are processed using stablecoins across financial workflows.
Finextra ↗PayPal is integrating payment links into Canva, letting creators add payment functionality to their designs. The move expands PayPal’s reach into creator tools and makes it easier for users to collect payments directly from visual content.
Finextra ↗Perpetuals has introduced Quantum-Resilience-as-a-Service to help financial institutions, trading platforms, and payment networks prepare for quantum computing threats. The offering is designed to strengthen encryption without requiring a full replacement of existing systems.
Finextra ↗Revolut has introduced an AI assistant inside its app to help customers manage money through conversation. The tool can provide spending insights, check investments, manage subscriptions, and help plan trips.
Finextra ↗Revolut has signed a 10-year lease for a Paris site, making the French capital its Western Europe headquarters. The move supports the fintech’s regional expansion plans and signals a longer-term commitment to the market.
Finextra ↗Australian Payments Plus has agreed to sell its consumer payments app Beem to local fintech Bolt Group. The deal terms were not disclosed, and the move appears to be a business portfolio shift rather than a regulatory event.
Finextra ↗Mimir is acquiring a platform from Swedbank-owned PayEx as part of a spinout that will create a new fintech company. The move reflects ongoing restructuring and consolidation in the payments and fintech sector.
Finextra ↗Florida’s attorney general has opened an investigation into OpenAI after reports that ChatGPT was used to help plan a deadly shooting at Florida State University. The family of one victim also says it plans to sue OpenAI over the incident.
TechCrunch ↗Mercor, a startup valued at $10 billion, is dealing with fallout after a hacker breach. The company is reportedly facing lawsuits and losing major customers as a result.
TechCrunch ↗Google and Intel are deepening their partnership to co-develop custom chips for AI infrastructure. The move comes as demand for CPUs rises amid a growing global shortage.
TechCrunch ↗Researchers developed a technique that uses control theory to remove unnecessary complexity from AI models while they are still learning. The approach aims to cut compute costs without reducing performance.
MIT News ↗Meta’s AI app jumped from No. 57 to No. 5 on the App Store after the launch of its new model, Muse Spark. The ranking rise suggests strong user interest and a successful product update from a major AI vendor.
TechCrunch ↗Sierra launched Ghostwriter, an agent that builds other agents from natural-language instructions. The startup says this could replace traditional click-based web apps by letting users describe tasks and have software create and deploy the needed agent automatically.
TechCrunch ↗Google AI Research introduced PaperOrchestra, a multi-agent framework designed to automate the writing of AI research papers. The system aims to turn notes, results, and ideas into polished manuscripts that follow conference formatting requirements.
MarkTechPost ↗OSGym is a new infrastructure framework for training computer-use AI agents across large numbers of operating system replicas. The article says it can manage 1,000+ replicas at very low cost, addressing a major plumbing challenge in agent research.
MarkTechPost ↗OpenAI published the official terms and conditions for its Full Fan Mode contest. The page explains eligibility, how to enter on Instagram, judging criteria, and the prize of IPL match tickets.
OpenAI ↗Michal Masny, the NC Ethics of Technology Postdoctoral Fellow, is working to expand dialogue, teaching, and research on the social and ethical impacts of new computing technologies. The piece presents his role as part of MIT's broader focus on responsible technology development.
MIT News ↗