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U.S. regulators warn banks about Anthropic’s powerful new AI model
Treasury Secretary Scott Bessent and Fed Chair Jerome Powell met with CEOs of Bank of America, Citi and Wells Fargo to flag cyber‑risk from Anthropic’s Claude Mythos Preview. The model can uncover software vulnerabilities that human developers miss, raising concerns that malicious actors could exploit the insights.
Also developing:
The CEOs Advisory Council of the UAE Banks Federation (UBF) met on April 10, 2026, and reaffirmed its pledge to reinforce the banking sector’s resilience through tighter risk‑management policies and AI‑powered infrastructure. The council highlighted the Comprehensive Financial Institution Resilience Package and the launch of Takamul, an AI and big‑data venture, underscoring fresh consulting opportunities in systemic‑risk mitigation.
Santander now holds a R$3.8 billion (≈$760 million) microcredit portfolio serving 1.2 million borrowers, while Caixa plans to disburse R$3 billion (≈$600 million) in 2026. A 2021 regulatory shift that created independent credit agents and eased quota rules is fueling a rapid expansion of the...
The Consumer Financial Protection Bureau's Section 1033 open‑banking mandate missed its April 1, 2026 enforcement deadline after a federal judge issued an injunction. With the rule in legal limbo, JPMorgan Chase, Truist and other large banks are signing private API...
A decade after its 2016 launch, India’s Unified Payments Interface (UPI) has transformed from a basic money‑transfer tool into the core of the nation’s digital financial ecosystem. Transaction volume exploded from 17.86 million worth about $837 million in FY 17 to 218.98 billion transactions...
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Working capital loans provide short‑term financing for everyday business expenses such as payroll, rent, and inventory replenishment. They are especially valuable for companies with seasonal or cyclical revenue patterns, allowing cash flow to be smoothed during off‑peak periods. Lenders may...
Kraken, the Wyoming‑based crypto exchange, won a limited‑purpose Federal Reserve master account – the first ever granted to a digital‑asset firm. The move has triggered alarm from traditional banks and House Financial Services Committee leader Maxine Waters, who say the...
The Central Bank of the UAE‑backed Aani platform has crossed the 12.5 million‑user threshold, a six‑fold year‑on‑year increase in transfers and 10% monthly growth throughout 2025. The surge underscores rising consumer confidence and the nation’s aggressive push toward a cash‑less economy.
“Wall Street & their private credit peers are deeply intertwined. Credit funds rely on banks to safeguard & custody assets. They also need banks for lines of credit. If private credit portfolios sour, this puts collateral banks are lending against...
US Treasury Secretary Scott Bessent convened top bank CEOs to discuss AI‑driven cyber threats from Anthropic’s Mythos model, as insurers worldwide roll out dozens of AI tools for underwriting and claims. The juxtaposition of regulatory alarm and rapid AI adoption...
Sberbank announced new fraud‑prevention rules for pensioner cards effective May 2026, tightening scrutiny of atypical transactions and giving users more online controls. The move targets a rise in phone‑scam attempts that have cost elderly customers millions.
ClearBank Europe received Crypto‑Asset Service Provider (CASP) status from the Dutch Authority for the Financial Markets on 9 April 2026, becoming the first Dutch credit institution to complete the EU MiCAR notification. The licence lets the bank offer regulated EURC and USDC...
🌏'One Bank' strategy pursues ultra-rich: Banks in #Asia are ramping up their 'One Bank' strategy as competition for ultra-rich clients intensifies, with lenders racing to monetise relationships beyond traditional #PrivateBanking. @IFR: https://t.co/orCdh0vTBU #UHNWI #WealthManagement #SoutheastAsia
Visa announced a partnership with OwlTing Group that lets U.S. debit‑card holders purchase USDC directly through Visa Direct. The integration bypasses traditional crypto exchanges, offering a seamless on‑ramp for stablecoin transactions and positioning Visa as a core infrastructure layer for...
Lloyds Banking Group announced it will not pursue a legal challenge against the UK Financial Conduct Authority’s motor‑finance redress scheme, which totals £9.1 billion ($12.25 billion). The scheme aims to compensate consumers mis‑sold car‑finance products over a 17‑year period. Lloyds said the...
Nithin Kamath marks a decade of India’s Unified Payments Interface (UPI), noting that the government‑backed BHIM app commands only about 1 % of UPI transactions despite being the flagship offering. He recounts Zerodha’s repeated internal debates about building its own UPI solution,...
