AI powered Financial Crime Becoming Increasingly Difficult to Tackle : Analysis

UK Finance noted that the ongoing battle against financial crime has become more challenging because artificial intelligence has emerged as a powerful weapon (but for both sides). A recent analysis from UK Finance underscores a critical shift where fraudsters are now harnessing AI to outpace… Read More

Federal Reserve Consults on Enabling Cross-Border Payments Through FedNow

The US Federal Reserve has introduced a public consultation on a regulatory update that would open its FedNow real-time payments platform to international transfers for the first time. FedNow, which began operations in 2023, functions as a high-speed interbank settlement network designed for instant domestic… Read More

Researchers Propose Agentic Risk Standard For AI Agent Transactions

Researchers from Google DeepMind, Microsoft Research, Columbia University, t54 Labs, and Virtuals Protocol propose the Agentic Risk Standard (ARS), a framework that applies financial risk management principles to AI agent transactions. Their paper, Quantifying Trust: Financial Risk Management for Trustworthy AI Agents introduces a settlement-layer… Read More

Netstars, Bitget Wallet Exploring Japanese Crypto Payments Union

Bitget Wallet is exploring the integration of self-custodial crypto payments into Japan’s stablecoin payment ecosystem through discussions with Netstars, a payment infrastructure provider. The initiative centers on how Web3 wallets can connect to existing merchant networks, marking a potential step toward bringing stablecoin payments into… Read More

Goldman Sachs Shares Drop in Pre-Market Trading Following Earnings Beat

Shares of Goldman Sachs (NYSE:GS) are cratering in pre-market trading following an earnings beat that apparently did not top whisper expectations that it would crush its earnings. Goldman, the world’s top investment bank, saw its shares decline by over 4% before the market opened and… Read More

UK Fintech GoCardless Reports Profitable Quarter

UK fintech GoCardless has achieved a key milestone by posting its first-ever profitable quarter. This update from the financial technology provider represents a significant shift for the company, which is said to have prioritized expansion and innovation in the payments landscape. The positive results stem… Read More

Pipe Raises $16m as Embedded Finance Push for Small Businesses Gains Ground

Pipe, a Fintech firm offering embedded financing tools for small businesses, has raised $16 million in a funding round led by investors including Fin Capital and MaC Venture Capital, the company said. The deal marks Pipe’s first equity fundraising since it relaunched its embedded financing… Read More

Web3 Thoughts of the Week: Legislation and Ceasefire Effects

The early effects of the ceasefire and an interesting take on tokenization highlight our Web3 Thoughts of the Week. CLARITY Act – tokenization legislation “While the US Congress debates how to fit tokenization into existing securities law, and European leaders build legal frameworks around third-party… Read More

PASHA Capital and Birbank Invest Aim to Expand US Equities Access in Azerbaijan

Alpaca noted in a blog post that Azerbaijan’s retail investors have long struggled to tap into international financial markets. Issues such as geographic distance, underdeveloped local capital markets (though now developing quite fast in recent years), inefficient account-opening procedures, and scarce investment choices have kept… Read More

Anthropic Expands AI Compute Capabilities via CoreWeave Partnership

Anthropic has entered a long-term partnership with cloud infrastructure service provider CoreWeave. The collab aims to boost the company’s processing capabilities, enabling the enhanced development and rollout of its flagship Claude suite of AI models. This arrangement grants Anthropic access to an array of Nvidia… Read More

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