Payments, banking, digital finance, and the regulation reshaping money. From open banking and BNPL to central bank digital currencies, and the stories transforming how the world moves money.
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.