Razorpay Introduces AI Payments Foundation Model with Amazon Web Services (AWS)
Razorpay launched Vulcan, a transformer-based AI foundation model designed specifically for payments in India, developed with NVIDIA and AWS. The system targets improvements in reliability, security, and efficiency for digital transactions across India's payments infrastructure.
Read full story →China Expands Digital Yuan Operator Network to 30 Other Banking Platforms
China's central bank added 30 commercial banking platforms to operate its digital yuan currency system. The People's Bank of China made this expansion announcement on August 17, 2026, broadening the e-CNY's operational network among commercial lenders.
OCC Promises Final Rule for GENIUS Act by November
The Office of the Comptroller of the Currency will release a final rule implementing the GENIUS Act by November. Comptroller Jonathan V. Gould stated the agency began working on the rule before the President signed the bill into law.
Nvidia Weighs Investment in Round Valuing Mercor at $20 Billion
Mercor, a data labeling provider for AI model development, is being valued at $20 billion in a potential funding round that Nvidia may join. The specific investment size and total round amount remain undisclosed.