Reusable FinTech Certification Could Streamline Bank Due Diligence
A voluntary Banking Innovation Standards Development Organization would allow banks to reuse due diligence certifications for technology providers across multiple institutions. The framework was outlined in a July 21 draft term sheet involving federal regulators and industry participants.
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.