Fintech

Fintech coverage across every StreamSage desk, filed under Fintech: Banking, Payments, Lending, Wealth, Insurance, Remittances, Open Banking, Regtech. Sources on every story.

• Polymarket Dropped Anti-Money Laundering Rule Amid Fraud Spike

  Polymarket removed a same-source withdrawal requirement while fraud rates spiked, a move employees warned could invite money laundering attacks.

• Monument Bank to tokenize £250m in retail deposits on Midnight

  U.K. challenger bank targets retail deposits with tokenization, arguing current institutional blockchains ignore ordinary savers.

• Avant files for national bank charter

  The fintech firm applied to the OCC and FDIC to establish Avant Bank, N.A., aiming to serve customers directly.

• New community bank charter costs $20 million in capital

  OCC reports 40 de novo applications in 18 months, up from fewer than four annually in the mid-2010s.

• Apple Pay Set for India Launch With Axis Bank Partnership

  Apple is set to debut its payments service in India through Axis Bank, the first lender to join the platform in the market.

• Banks double share on EU MiCA crypto provider list to 23%

  Banks now account for nearly one in four providers on the register after roughly doubling their numbers since late June, CoinTelegraph reported.

• WisdomTree Opens Tokenized Treasury Fund To MoonPay's 35 Million Accounts

  WisdomTree and MoonPay will build a distribution channel for WisdomTree's tokenized Treasury fund, allowing U.S.

• SBI Group Invests in Dtcpay's $25M Series A

  Dtcpay closed a $25 million Series A round led by SBI Group, adding to its existing backers.

• Senate stalls crypto bill as SEC approves tokenized stock trading

  The Digital Asset Market Clarity Act failed to advance, leaving stablecoins as the primary regulated digital asset in the U.S. market.

• FDIC merger clock drops to 64 days

  The FDIC board unanimously approved a rule codifying review timelines, with de minimis deals eligible for processing in five days.

• House passes tech modernization, fraud, and penny bills

  Four bills advanced by the House Financial Services Committee cleared the chamber this week, including measures to update regulatory tech and end penny production.

• World launches World Money app in 150 countries

  The self-custodial app supports eight currencies, adds Stripe and Kalshi integrations, and uses World ID for boosted rewards.

• CFTC Issues No-Action Position for Passive Software Providers

  Staff said the move mirrors Staff Letter 26-09 and extends that relief broadly to passive software providers under specified conditions.

• Revolut Hackers Demand $3M Monero Ransom, Threaten to Sell Customer Data: Report

  Hackers have demanded 6,000 XMR, valued at about $3 million, from Revolut.

• American Express Launches High-Yield Business Savings Account

  The new account offers a 2.95% APY with no minimum balance or monthly fees, as part of a broader push into integrated business banking solutions.

• Hackers demand $3M in Monero from Revolut

  The group, iamnotavillain, posted a 24-hour countdown on Wednesday and threatened to sell data from 680 affected accounts.

• UK AML Shift Targets Crypto Networks With £500M Investment

  New strategy deploys 500 officers and expands FCA oversight to 60,000 firms to disrupt tech-enabled illicit finance infrastructure.

• UK draft exempts stablecoin payments from dealer rules

  Laid before Parliament on Sept. 15, the draft instrument would exclude qualifying transfers from dealing and arranging rules, with amendments starting Oct. 25, 2027.

• Deutsche Bank to Offer Bitcoin and Ether Custody in Europe

  The bank plans to launch digital asset custody for corporate and institutional clients this year, pending regulatory clearance.

• Italy probes Revolut-linked government email breach

  Italy's cyber agency reported over 650 abused certified email accounts, prompting a formal inquiry into the security incident.