Latest news by Rick Steves
TrueLayer adds credit to Pay by Bank with in3 as FCA rules land
Pay by Bank was pitched as the technology that would kill Buy Now, Pay Later (BNPL). Instead, TrueLayer is absorbing it. Europe's largest account-to-account payments network has folded Dutch consumer-credit fintech in3 into its platform…
Equifax buys Círculo de Crédito for $750m to expand Mexico
Equifax has agreed to acquire Círculo de Crédito, Mexico's second credit bureau, at a $750 million enterprise value — and the multiple tells the strategy: roughly 12× the target's $62 million adjusted EBITDA for a…
CFTC’s no-deny reversal resets US enforcement settlements
The Commodity Futures Trading Commission (CFTC) rescinded its 28-year-old "no-deny" settlement policy on June 3, 2026, three weeks after the Securities and Exchange Commission (SEC) scrapped its equivalent rule — meaning US-regulated FX, derivatives and…
JPMorgan taps SambaNova as AI chip maker raises $1bn
JPMorgan Chase has picked SambaNova Systems to run on-premises artificial intelligence inference — announced on July 8, 2026 alongside SambaNova's $1 billion Series F first close at an $11 billion valuation — and the pairing…
Nuvei installs COO, CFO and CPTO ahead of Payoneer close
Nuvei has installed a new operating leadership tier — its first-ever Chief Operating Officer, a new Chief Financial Officer and a new Chief Product and Technology Officer, all effective July 1, 2026 — three weeks…
FinCEN PPSI rules land July 18: stablecoin issuers become banks
Ten days from now, on July 18, 2026, six US federal agencies hit the GENIUS Act's statutory deadline to finalise the rules that convert payment stablecoin issuers into Bank Secrecy Act financial institutions — completing…
Klarna files for US bank charter to end partner-bank reliance
Klarna filed applications with the Utah Department of Financial Institutions and the Federal Deposit Insurance Corporation (FDIC) on July 6, 2026 to establish Klarna Bank USA, a Utah-chartered industrial bank that would end the Buy…
FCA final crypto rules set up the UK’s October 2027 gateway
The Financial Conduct Authority (FCA) published the final rulebook for the UK's cryptoasset regime on June 30, 2026 — five policy statements covering regulated activities, prudential standards, market abuse and Handbook application — opening an…
UK big four go live on Swift consumer payments scheme
Barclays, HSBC, Lloyds and NatWest have gone live on Swift's new consumer payments scheme, making the UK's big four the first banks in the world to run the framework in production — and, in effect,…
Visa takes agentic payments live with 30 European issuers
Visa has moved agentic payments out of the lab: AI agents are now completing live purchases at independent merchants across Europe, backed by more than 30 issuing banks, the card network announced at its Visa…