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Policy2026-09-04 · source-backed
The regulatory step that lets it hold deposits directly rather than renting a partner bank's charter. Conditional approval still requires meeting OCC conditions before the charter is granted. It removes the sponsor-bank dependency that has capped every non-US neobank's American expansion. Finextra
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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...
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...
(Finextra) Scope, data exposure and affected institutions weren't disclosed in the initial report. The blast-radius question here sits downstream, not at Jack Henry. ---
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...
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