The Bank of Russia will prohibit peer-to-peer cryptocurrency trading starting July 1, 2027, mandating that all digital asset transactions occur through licensed intermediaries.
U.S. Bancorp reported record consumer deposits and a 11.5% rise in credit card loans, while dismissing the immediate threat of AI agents shifting customer cash between banks.
PNC Financial Services Group is upgrading its digital infrastructure and branch network to counter the risks of deposit flight driven by emerging agentic AI technologies.
PNC Financial Services Group is building an internal AI infrastructure by acquiring data centers and Nvidia GPUs to reduce vendor dependence and control costs.
Cross River has integrated the Ripple USD stablecoin into its banking platform to enable 24/7 global payments and treasury operations for fintech businesses.
Major banks are competing for corporate deposits by offering programmable liquidity, blockchain-based settlement, and advanced treasury automation to gain an edge over traditional interest rates.
Bank of America has hired 4,000 contractors to address cybersecurity vulnerabilities discovered by frontier AI models, marking a significant shift in corporate security spending.
Customers Bank is expanding its AI infrastructure by partnering with Palantir for deposit onboarding, alongside an ongoing multiyear collaboration with OpenAI to optimize banking operations.
OTP Bank and red_mad_robot have launched a new architecture enabling business units to independently build and deploy AI agents.
The US Office of the Comptroller of the Currency reports that major national banks are easing long-standing restrictions on digital asset businesses following a review of industry practices.
AI-powered fintech startup Matters has raised $5 million in pre-seed funding to build an AI-native consumer bank and expand its operations across the European Union.
Russian banks are bypassing mandatory call labeling laws by using third-party contractors, prompting telecom operators to delay planned blocking measures until November 2026.
The Financial Stability Board has issued final guidelines requiring banks and firms to implement rigorous human oversight for AI agents to mitigate operational and security risks.
JPMorgan Chase has banned third-party AI agents from accessing customer accounts to mitigate security risks and prevent unauthorized transactions.
Major US banks continue to fund AI infrastructure despite acknowledging risks, with total exposure reaching $800 billion.
The Central Bank of Russia has authorized Sberbank to exchange digital currencies, with the bank planning to launch its crypto wallet services in December.
JPMorgan Chase will block unvetted third-party AI agents from its systems to mitigate risks to clients and the bank, CEO Jamie Dimon confirmed during the Q3 earnings call.
Amsterdam-based Qivalis has received regulatory approval from the Dutch central bank to move toward issuing euro-denominated electronic money tokens for institutional use.
A new OCC report alleges that nine major U.S. banks restricted financial services based on the political and religious views of their clients, prompting potential regulatory action.
Bank of America has hired 1,000 contractors to patch thousands of software vulnerabilities discovered by Anthropic’s cybersecurity-focused AI model, Mythos.
