DBS and Citi Complete Weekend Singapore–US Dollar Payment Using Tokenized Deposits
DBS and Citi completed a live US dollar transfer between Singapore and the US on Saturday, September 5, 2026, bypassing traditional Monday clearing windows. The transaction used tokenized deposits to enable cross-Pacific movement outside normal banking hours.
Visa combines VisaNet data with onchain lending to power stablecoin card working capital
Visa's stablecoin settlement volume reached a $20 billion annualized run rate, representing a 15-fold year-over-year increase. The company is enabling blockchain lenders to access VisaNet transaction data to provide working capital loans to stablecoin card issuers.
Ant International Secures Brazil Payment Institution Licence
Brazil's central bank has granted Ant International a payment institution licence to operate in the country. This licence expands the Singapore-based fintech company's regulated presence and strengthens its local and cross-border payment capabilities in Latin America's largest economy.
Philippine SEC Approves GCash Operator Mynt’s Up To $1.6b IPO
The Philippine Securities and Exchange Commission approved an IPO by Mynt Inc., operator of GCash, that could raise up to 92.32 billion pesos. The offering potentially makes it one of the country's largest-ever listings.
Mastercard and Flowcart Power East Africa Social Commerce
Mastercard partnered with Kenya-based Flowcart to embed secure card payments directly within social and conversational commerce platforms. The collaboration enables consumers to discover and engage with brands through integrated payment experiences in social commerce environments.
DBS and Citi Launch Instant Tokenized Cross-Border Payments
A Saturday cross-border payment from Singapore to the U.S. was executed using tokenized deposits via the Swift Digital Ledger. The transaction occurred on a weekend, enabling dollar transfers across jurisdictions outside standard banking hours.
European Central Bank (ECB) Considers Linking Europe’s Instant Payments to Brazil’s Pix
The European Central Bank is examining a possible connection between its TIPS instant payment platform and Brazil's Pix system. If developed, this would represent the first major cross-border expansion of Pix and create a corridor linking European and Brazilian instant payments.
Insurance Claims Lose the Paper Chase as AI Gets to Work
AI agents are automating the processing of insurance claims by handling thousands of pages of documents and correspondence that claims handlers previously evaluated manually. These systems address the document-heavy, time-sensitive nature of claims while reducing fraud vulnerabilities in corporate loss events.
TD Bank COO leaves after less than a year in the job
Taylan Turan is departing as TD Bank's chief operating officer after less than a year in the role. Vlad Shpilsky has been appointed group head of global technology and solutions as part of the organizational restructuring.
ByteDance Lands $29.6 Billion Loan to Fuel AI Advances
ByteDance secured a $29.6 billion loan from nearly 30 banks to advance artificial intelligence capabilities. This represents the second-largest loan in Asia for the year, trailing only SoftBank's $40 billion raise in March.
Uber Co-Founder Eyes Return to Ride-Hailing With Atoms Startup
Travis Kalanick is developing robotaxi technology through his startup Atoms by recruiting veterans from Uber's autonomous vehicles team. The effort aims to achieve a goal Uber has pursued for approximately a decade.
Connecticut Officials Warn of Offshore DeFi Risks After Crypto Investor Loses $200,000
A Connecticut resident lost $200,000 on an unregulated overseas decentralized finance platform and could not retrieve the funds. Attorney General William Tong issued a consumer alert about these risks on September 3, 2026.
Switzerland’s Incore Bank Pilots Agentic AI to Enhance Digital Onboarding and Automate Risk Checks
Agentic artificial intelligence is being piloted to accelerate digital customer onboarding and automate risk assessment at Switzerland's Incore Bank. The proof-of-concept project used Google's Gemini models combined with Kyndryl's agentic technology on Google Cloud infrastructure.
BCP Technologies Settles Digital Bond Trade Using Sterling Stablecoin tGBP
BCP Technologies completed its first live purchase of a tokenised US Treasury bill using its sterling stablecoin tGBP, settling the trade on-chain. The London-based issuer bought Archax's $GOVY tokenised T-bill and executed settlement in tGBP.
Euroclear and HSBC to Launch AutoFX Ahead of Europe’s T+1 Shift
Euroclear and HSBC are launching AutoFX, an automated foreign-exchange service designed to help securities market participants manage currency conversion during Europe's shift to shorter settlement cycles. The service automates foreign-exchange processes to facilitate the transition to T+1 settlement in Europe and the United Kingdom.
Aegis Trust Plans New Tokenized Money Market Fund
Aegis Trust plans to launch a tokenized money market fund focused on social impact, marking what the company describes as the first of its kind. The South Dakota-chartered SEC-qualified custodian for digital assets announced the initiative from Pierre on September 2, 2026.
Apple Set to Kick Off Yearslong Device Blitz at Wednesday Event
Apple will begin a multi-year product release cycle spanning through 2029 at a Wednesday event, introducing devices across new product categories. The releases were developed by John Ternus' team and represent the longest sustained series of device launches in the company's history.
FDIC Deposit Rule Gives Banks More Room for Business Cash
The FDIC's interim final rule, effective September 1, substantially increases reciprocal deposits that qualifying banks can accept without brokered-deposit classification. The rule was adopted August 27 and allows banks to accept larger amounts of commercial customers' operating cash.
Yuno Fast-Tracks Merchant Access to Revolut Payment Stack
Merchants can now access Revolut's biometric one-click checkout, acquiring, and gateway services through a single Yuno connection via a new partnership between Yuno and Revolut Business. The integration combines Revolut Pay with Revolut's acquiring and gateway services into one unified platform.
PicPay Launches Anthropic Claude Integration for Banking Inquiries
PicPay customers can now check financial information through Anthropic's Claude using natural-language commands in a gradual early-access rollout. The free integration is available to both Android and iOS users.
ECB Explores Instant Payment Link With Brazil’s Pix
The European Central Bank is exploring a potential connection between its TARGET Instant Payment Settlement platform and Brazil's Pix instant payment system. The two central banks are considering linking their instant payment platforms to enable cross-border transactions between the eurozone and Brazil.
Ant International Secures Payment Institution License to Expand Capabilities in Brazil
Ant International obtained a Payment Institution license from Brazil's Central Bank to strengthen local and cross-border payment capabilities. The license expands the company's ability to support local operations in Brazil.
Bottomline Taps Chainlink to Bring 600 Banks On-Chain
Bottomline partnered with Chainlink to provide over 600 bank customers access to blockchain-based cross-border settlement. The partnership connects the Swift messaging network that banks use with public and private blockchains.
The 4 New Working-Capital Levers CFOs Can Pull in Real Time
Real-time payment infrastructure and ISO 20022 data standards are enabling CFOs to gain precise control over four previously difficult-to-manage working-capital variables. These new tools include virtual accounts, embedded foreign exchange capabilities, and automated treasury systems that give finance teams direct control over liquidity timing and positioning.
Crusoe Raises Over $3 Billion in Funding at $30 Billion Valuation
Crusoe raised over $3 billion in funding at a $30 billion valuation. The cloud-computing and data center developer serves OpenAI, Microsoft, and Meta Platforms.
ACI Worldwide to Add Microservices Card Switching Through Cranium Acquisition
ACI Worldwide acquired Cranium Ventures, a developer of cloud-native card payment switching technology, to integrate Cranium's microservices-based switching framework called SYNAP into ACI Connetic for Cards. The acquisition expands ACI's card-processing capabilities through cloud-native technology.
EMVCo Releases Framework for Card-Based Agentic Payments
EMVCo released a draft framework for secure, interoperable, and scalable agentic payments to address liability concerns when AI agents make purchases on behalf of consumers. The framework specifically addresses intent verification in agentic payment scenarios involving card-based transactions.
Finzly Unveils AI Assurance Layer Assure
Finzly released Assure, a security and assurance layer integrated into its BankOS operating system. Assure is part of the Agentic Galaxy suite of AI capabilities designed for banking customers.
Banks Rewrite Their BaaS Strategies Around Deposits and Fees
Banks are restructuring their Banking-as-a-Service strategies to prioritize deposit growth and fee income through embedded finance partnerships. Fifth Third expands deposits via Newline while The Bancorp generates nearly all its deposits through FinTech partnerships.
Most Banks Wait Six Years for AI Payback. Discovery Didn’t.
Discovery Bank implemented AI to connect customer data dots and personalize offers while detecting fraud faster than competitors. The bank achieved financial returns from its AI investment significantly quicker than the industry average of six years.