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Archive · October 26, 2025

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The Lead

Story 01

Crypto.com Pursues National Trust Bank Charter for Enhanced Custody

Crypto.com is stepping up its regulatory game by applying for a national trust bank charter with the OCC. This strategic move aims to bolster its custody services, ensuring better compliance and customer protection. It's a significant step for Crypto.com in solidifying its standing in the financial ecosystem.

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Also Worth Knowing
№02

AI-Driven Social Engineering Attacks Escalate Fraud Risks

Cybercriminals are leveraging generative AI to intensify phishing and other scams, making fraud detection tougher and financial losses steeper. According to the FBI's 2024 Internet Crime Report, these AI-enhanced tactics are costing billions annually, signaling a critical need for advanced fraud prevention strategies in the payments industry.

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№03

Open Banking Debate Intensifies with 14,000 Comments on Rule Changes

The CFPB's review of open banking rules under Section 1033 has drawn nearly 14,000 comments, reflecting deep divides over privacy and data access. This discussion is pivotal as it shapes the future of financial services innovation and competition, highlighting the critical balance between openness and consumer protection.

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№04

UK Government Initiates Scale-Up Unit to Boost Fintech Growth

In a major boost for fintechs, the UK government has launched a scale-up unit to support the rapid growth of financial technology firms along with banks and insurers. This initiative aims to foster innovation and streamline regulatory pathways, potentially accelerating the evolution of financial services.

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№05

TrueLayer Expands with Acquisition of Open Banking Rival Zimpler

TrueLayer is set to enhance its position in the European market by acquiring Nordic open banking firm Zimpler. This move not only broadens TrueLayer's capabilities but also intensifies competition in the open banking ecosystem, promising greater innovation and service improvements.

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The Long Memory
“Did you know that the FBI's 2024 Internet Crime Report reveals that AI-enhanced scams are costing billions annually? This underscores the escalating challenge of cyber fraud in the digital age.

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