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Several global financial trade associations are calling on the Basel Committee on Banking Supervision (BCBS) to reconsider the Crypto Asset Exposure Standard (SCO60) before its January 2026 effective date.
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The associations said in a Tuesday (Aug. 19) letter to the BCBS that the standard’s capital treatment of crypto assets is excessively conservative and overly punitive...
For much of the past decade, Wall Street watched the cryptocurrency industry warily from the sidelines.
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Regulators were opaque, balance sheet rules were tight and reputational risk loomed large. Trading desks and lending operations may have tempted a few adventurous players, but most kept their distance.
But now, with regulatory clarity slowly emerging and tokenization...
The Google Play store is updating its external offers program in the European Union to allow links to download developers’ own external apps and to let developers select ongoing service tiers.
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These changes will be available in the fall, Google said in a Tuesday (Aug. 19) post on a support page. The external offers program was introduced in March 2024.
“The external...
Identity solutions firm Incode Technologies is acquiring fraud detection provider AuthenticID.
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The deal, according to a Tuesday (Aug. 19) news release, is aimed at tapping into a digital identity market projected to reach $116 billion by 2027.
“In the age of synthetic fraud, AI impersonation, and Agentic AI, verifying human identity has become the foundation of digital...
Artificial intelligence (AI) cloud startup Lambda said Tuesday (Aug. 19) that it has closed a $275 million senior secured credit facility, led and arranged by JPMorgan.
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The Nvidia-backed startup said other lenders include Citi, MUFG and Crédit Agricole. It plans to use the financing to build more AI data centers and expand its fleet of GPU servers to meet growing AI...
British digital lender Starling Bank is set to acquire U.K.-based tax and bookkeeping FinTech Ember.
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The acquisition, announced Tuesday (Aug. 19), will integrate Ember’s software with Starling’s app and online bank, helping small and medium-sized enterprises (SMEs) manage their finances, including things like bank transactions and tax submission.
This comes ahead of “...
Texas Attorney General Ken Paxton secured a $9.5 million settlement with Booking Holdings to resolve a lawsuit in which Paxton alleged that the online travel agency engaged in deceptive “junk fee” practices.
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The lawsuit alleged that Booking Holdings, which operates Booking.com, Priceline.com and Kayak.com, marketed room rates that were not actually available and...
Financial software firm CSI is acquiring digital banking solutions provider Apiture.
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“Apiture and CSI share a customer-first approach to financial innovation,” Nancy Langer, president and CEO of CSI, said in a news release Tuesday (Aug. 19).
“By integrating Apiture’s industry-leading capabilities, especially in business banking, we are creating an even more robust...
Japanese conglomerate SoftBank is making a $2 billion investment into chipmaker Intel.
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The companies say the new arrangement, announced Monday (Aug. 18), represents a commitment to investing in advanced technology and semiconductor innovation in the U.S.
“Semiconductors are the foundation of every industry,” Masayoshi Son, chairman and CEO of SoftBank, said in a news...
Freight technology company truckstop.com has acquired transportation-focused FinTech company Denim to enhance the factoring offering, cash flow solutions and back-office automation it provides to companies in the freight industry.
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Truckstop.com will integrate Denim’s financial technologies into its freight matching and carrier identity solutions to help fleets and...