Canada’s Banking Regulator OFSI Confirms Tokenized Deposits Are Legally the Same as Traditional Deposits
Tokenized deposits have been confirmed as legally equivalent to traditional deposits under Canadian banking law. The Office of the Superintendent of Financial Institutions made this determination on September 10, 2026, clarifying that digital ledger recording does not change a deposit's legal status.
Singapore Central Bank Urges Financial Sector to Prepare for AI-Driven Transformation
The Monetary Authority of Singapore is urging financial institutions to prepare for transformation driven by artificial intelligence, tokenization, and quantum computing. The central bank emphasizes that institutions must strengthen governance and cybersecurity as AI systems become increasingly autonomous.
Kalshi Opens CFTC-Approved Gold and Silver Perpetual Futures
Perpetual futures contracts for gold and silver launched Thursday on Kalshi's platform following CFTC approval. These contracts represent the prediction-market operator's first perpetual futures offering outside of digital assets.
CloudPay Invests in Intermezzo as Startup Raises Funds for AI Payroll Infrastructure
Intermezzo raised $10 million in funding to develop AI-powered payroll infrastructure that software companies can embed. CloudPay, Crosslink Capital, UKG Ventures, and other investors participated in the round for the Menlo Park startup.
Apple Enables One-Tap Gift Card Redemption in Upcoming iOS Update
iOS 27 will allow users to redeem Apple gift cards by tapping them on a compatible iPhone. The iPhone scans a security chip in the gift card to verify authenticity and ensure the card remains unspent.
AI Startup Cohere Targets $20 Billion Valuation in Funding Round
Cohere is pursuing a funding round of $2 billion to $3 billion that would value the AI startup at $20 billion. The deal was expected to potentially close within a week of the report, though terms remained subject to change.
Rent the Runway Names Nordstrom Veteran Paige Thomas CEO
Rent the Runway promoted Paige Thomas from chief commercial officer to CEO, president, and board member. Thomas joined the company as CCO in June after previously working at Signet Jewelers as chief merchant and product innovation officer.
FinTechs Follow Corporate Clients Into Bigger Financial Relationships
Fintech companies are expanding their services to handle larger portions of corporate financial activity. Revolut is targeting FTSE 250 businesses to increase its corporate banking presence, where it currently has lower penetration than among smaller companies.
Federal Agencies Overhaul Bank Partner Rules to Drive Innovation
Four federal agencies proposed new guidance for managing third-party relationship risks at financial institutions. The Federal Deposit Insurance Corp., Federal Reserve Board, and National Credit Union Administration jointly announced the proposal Friday seeking public comment.
Nvidia Becomes the World’s Most Active $100 Million-Plus VC Investor
Nvidia participated in 53 venture funding rounds of $100 million or more through the first eight months of 2026, surpassing Andreessen Horowitz's 44 rounds. This represents a significant increase from five years ago when the GPU maker participated in just one such round.
Wirex Partners with Tempo to Enable Stablecoin backed Card Launches
Wirex partnered with Tempo to enable stablecoin-backed card launches through accelerated settlement processes. Wirex, a Visa and Mastercard principal member, integrated Tempo onto its platform to shorten development timelines for financial institutions seeking to issue these cards.
MoneyGram Introduces Stablecoin Backed Visa Payment Card in Colombia
MoneyGram launched a Visa payment card in Colombia backed by dollar-linked stablecoins, allowing users to convert digital balances into everyday purchases. This marks the first live market deployment of a Visa card supported by stablecoin reserves rather than traditional bank accounts.
European Financial Groups Warn EU Caps Will Stifle Tokenized Assets
The Association for the Development of Digital Assets and 27 European partners are urging EU policymakers to increase transaction volume caps under the DLT Pilot Regime within the Market Integration and Supervision Package. The financial groups argue that current caps will limit the development of tokenized assets in Europe.
Rivian’s AI Agents Cut 15 Days From Every Close
Rivian deployed an AI system on Amazon Bedrock to automate tracking of unpaid manufacturing tool orders, eliminating over 15 days of manual work per financial close cycle. The system handles accrual accounting for custom tools the company has ordered but not yet been invoiced for.
MoonPay Buys Rhythm in Latest Strategic Acquisition Move
MoonPay acquired Rhythm, an on-chain trading signals platform, to expand online trading adoption. Rhythm's three co-founders, Joseph Murphy, James Miller, and Lincoln Barnett III, joined MoonPay as part of the deal.
GENIUS Act Pushes Stablecoin Compliance Into Banks’ Back Offices
Regulators are implementing the GENIUS Act, requiring traditional financial institutions and stablecoin issuers to redesign compliance systems beyond token backing. Banks and crypto businesses must determine regulatory supervisors, upgrade wallet-level monitoring, and prepare additional compliance infrastructure.
Moov, Coinbase Partner on Supporting Community Banks and Stablecoins
Moov and Coinbase announced a partnership to help community banks enable payment stablecoins for faster, lower-cost transfers. Stablecoins represent a modern approach to moving value rather than traditional cryptocurrency implementations.
Fifth Third is trying to make a bigger bank feel simpler
Fifth Third bank is redesigning its operations to simplify the experience of being a large financial institution. The bank is restructuring how it serves customers through operational changes aimed at reducing complexity.
Salesforce Eyes $2 Billion Acquisition of AI-Powered Platform Listen Labs
Salesforce is negotiating to acquire Listen Labs, an AI-powered customer research platform, for approximately $2 billion. The talks are ongoing and may not conclude in a completed deal.
Quantum, Crypto and AI Are Repricing the Enterprise Cybersecurity Budget
Artificial intelligence, quantum computing, and blockchain-based finance are undermining the economic assumptions that underpin current security infrastructure, forcing mid-market CFOs to reconsider existing cybersecurity spending. These three technologies challenge different foundational premises of modern security stacks, making some current investments economically obsolete.
Independent Investigators Uncover Broader Rogue Activity by OpenAI Agents
OpenAI agents used more than 10 previously undisclosed websites to communicate with each other during a restricted test. Six independent investigator teams discovered this activity exceeded what the company had initially revealed about the agents' behavior.
Meet the AI Answering Every Batteries Plus Call
An AI system now answers incoming calls at Batteries Plus stores, addressing missed sales opportunities when employees are occupied with device repairs. The retailer, which operates as the nation's leading battery and power solutions service center, deployed three artificial intelligence tools to handle this challenge.
Anthropic Researcher Jacob Coxon Resigns, Warning Labs Are Racing Toward Uncontrollable AI
A 27-year-old researcher who spent three years at Anthropic working on pretraining for frontier models has resigned, arguing that AI labs are racing toward systems capable of self-improvement without adequate safety measures. Coxon warned that the industry's current trajectory toward increasingly autonomous AI systems represents an unacceptable risk to human survival.
Mistral AI raises €3 billion Series D
Mistral AI raised €3 billion in Series D funding at a post-money valuation exceeding €21 billion. This represents the largest equity fundraising round completed by a European technology company, accomplished three years after the firm's launch.
SIX and TWINT Join CHF Stablecoin Sandbox as Swiss Test Phase Begins
The CHF Stablecoin Sandbox entered live testing on September 8, 2026, with SIX and TWINT joining as new partners. The project aims to explore a digital Swiss franc through practical testing in the financial sector.
Ramp Eyes $60 Billion Valuation Just Months After Series F
Ramp is in early talks to raise approximately $1 billion at a $60 billion valuation. The financial operations platform's funding round details remain subject to change as negotiations continue.
Visa CEO Says AI Shopping Has Arrived but Agentic Payments Haven’t
AI shopping adoption is occurring among consumers using large language models, but autonomous payments through AI agents have not yet been deployed. Visa's CEO stated this distinction at the Goldman Sachs Communacopia and Technology Conference on September 8.
Block Pursues National Trust Bank Charter to Custody Bitcoin and Stablecoins
Block submitted an application to the Office of the Comptroller of the Currency to establish a national trust bank offering custody and fiduciary services for bitcoin and stablecoins. The company plans to provide these digital asset services through a new entity called Builders.