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Hello fintech friends,
Driving the news today, Anthrophic and ChatGPT are increasingly pushing into the financial advisory market, with new products for both retail investors and advisors.
Please find that story, along with the death of the CLARITY Act, Ramp in the UK, and Revolut’s data breach, in this week in fintech below.
- Nik
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The Rundown
🏦 Financial Services & Banking
The U.S. Senate blocked the CLARITY Act, proposed major cryptocurrency legislation for market structure, following Democratic demands for stricter ethics rules regarding presidential digital asset holdings.
American Express expanded its business banking suit with new features designed for small and medium-sized enterprises.
Deutsche Bank announced plans to launch a dedicated digital asset custody solution for its corporate and institutional clients.
The SEC issued an conditional "Innovation Exemption" order allowing blockchain platforms to trade tokenized U.S. national market system stocks.
Enova withdrew its application with federal regulators to acquire Grasshopper Bank.
Ant International partnered with Visa and Mastercard to establish unified standards for AI agent-based payments. Meanwhile, retail merchants petitioned a federal judge to reject a proposed interchange fee settlement with Visa and Mastercard. And Visa found in its consumer trust index that 72% of U.S. consumers have interacted with an AI assistant.
🚀 Product Launches
Mercury* launched its AI-powered double-entry accounting software directly integrated into its business banking platform.
Anthropic introduced a specialized Claude tool tailored for financial advisors with integrations across major wealth management platforms.
Monzo debuted a new credit card that automatically invests customer cashback into ETF funds.
Circle launched the mainnet for Arc, an open Layer 1 blockchain built for real-time payments and AI-driven economic activity.
Amplify Technology unveiled platform enhancements for financial advisors spanning risk tolerance tracking, trading, and single sign-on.
Jump introduced AI-assisted real-time account opening features integrated with Schwab Advisor Services and Fidelity.
Dispatch opened its wealth operations infrastructure to third-party developers through a new public API.
Column launched new developer features and expanded banking infrastructure for tech companies building financial products.
💸 Other News
Bolivian telecommunications firm VIVA began utilizing the Avalanche blockchain and stablecoins to settle its financial transactions.
Corporate finance platform Ramp officially launched its corporate cards and spend management services in the UK.
Revolut is aiming for a dual public listing on stock exchanges in New York and London.
Worldline launched a payment tool designed to let merchants process transactions initiated by AI agents.
🤝 Partnership Corner
The Bank of Ireland expanded its strategic partnership with Stripe to modernize its payments infrastructure and accelerate artificial intelligence integration.
😞 The Bad News
This week, we published analysis on how a recent Revolut data breach exposed broader vulnerabilities within neobanks.
Erebor Bank suffered financial losses when professional crypto traders exploited its free stablecoin conversion offer.
CoinEx announced the phased shutdown of its centralized crypto exchange due to market pressures and rising compliance costs.
Trustly, a direct bank account payment enabler, reportedly laid off about 24% of staff, 205 roles in all.
SPONSORED
Human eyes can't spot AI deepfakes anymore. Your verification flow needs a new defense line.
Deepfake fraud analysis & research provided by Veriff.
AI-generated deepfakes drove over $1.5B in reported global losses in just nine months, but the real threat to financial services is human detection capability. Veriff’s research reveals that when shown deepfakes, average users score barely better than a coin flip at spotting the forgery. As synthetic media becomes 300% more common in verification flows, relying on static rules or human review is no longer a viable defense. Read Veriff’s full breakdown on what deepfake fraud costs businesses in 2026 and how to stop it at the front door.
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Here’s to another great week in fintech 👍 - Nik
