Fetching from the wire…
Policy2026-07-18 · source-backed
It would let issuers, broker-dealers, and investment advisers use electronic delivery as the default for investor communications instead of paper, per Finextra. Proposal, not final rule, so a comment period follows. For fintech builders the practical effect is removing a paper-mail compliance dependency that's constrained fully-digital onboarding for years.
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A group of banks said they couldn't migrate from unstructured to structured postal addresses in time. Structured addresses are the prerequisite for automated sanctions screening and any downstream ML on payment data, so the slip pushes back a dependency for a lot of fintech au...
A senior official argued existing rules are inadequate for autonomous systems acting in markets, signaling a shift from generic AI guidance toward agent-specific supervision. For fintech builders, this foreshadows compliance requirements aimed squarely at autonomous decision-m...
KPMG figures reported by Finextra, set against AI capturing more than 70% of global venture funding in Q2, with OpenAI and Anthropic alone taking $217 billion or 43% of all reported venture dollars. (Finextra) Capital isn't scarce. It's concentrated, and non-AI verticals are b...
Australia's securities regulator warned today that scammers use generative AI to spin up vast networks of deepfake sites and celebrity endorsements, and that "a quick online search is not enough" to verify an investment (Finextra). The 19,000 figure compares against 11,964 phi...
It's one of the largest single-plaintiff antitrust awards against Google in Europe, over the same ranking behavior Google is defending in the AI-search era. The timing matters: as search shifts to AI answers, the self-preferencing question doesn't go away, it moves to a new su...
On August 24 Thomson Reuters announced a frontier model it calls Thomson, built by specializing an open-source base on Westlaw, Practical Law, Checkpoint and Reuters content with input from hundreds of subject matter experts (Thomson Reuters). Stated cost: $40 million in talen...
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