Global Banking Leaders Urge Caution as Advanced AI Triggers a “Tsunami” of Cybersecurity Patches

By: PYMNTS Date: September 20, 2026 Main Facts The rapid, unchecked deployment of frontier artificial intelligence models has plunged the global financial sector into an unprecedented race to fortify digital perimeters. According to prominent figures in international banking and technology, the release of high-capability AI models has exposed severe vulnerabilities in corporate and institutional infrastructure,…

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CFTC Takes Matters Into Its Own Hands: Seeks White House Review for Crypto Market Rules Following Senate Stalemate

By PYMNTS Published September 18, 2026 Main Facts In a decisive move that signals a dramatic shift in U.S. financial regulation, the Commodity Futures Trading Commission (CFTC) has officially submitted a landmark proposal to the White House’s Office of Management and Budget (OMB) aimed at establishing a comprehensive regulatory regime for crypto asset transactions and…

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The Vanishing De Novo: Inside the Battle to Save America’s Community Banking Ecosystem

Main Facts The American banking landscape is undergoing a profound structural contraction, driven not by a wave of systemic collapses or a sudden surge in bank mergers, but by a near-total drought in new market entrants. Before the financial crisis of 2008, new banks—known in regulatory parlance as de novo institutions—routinely entered the United States…

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Chewy Targets $50 Million in AI Cost Reductions by Fiscal 2027, Citing Deep Infrastructure and Proprietary Tech

By PYMNTS | September 18, 2026 Main Facts While many corporate enterprises struggle to quantify the precise return on investment delivered by their artificial intelligence initiatives, online pet products retailer Chewy has bucked the trend with concrete figures. During the company’s second-quarter earnings call, Chief Executive Officer Sumit Singh announced that Chewy expects artificial intelligence…

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Yahoo Finance and Polymarket Part Ways: A Defining Moment for the Booming Prediction Market Industry

By PYMNTS September 18, 2026 Main Facts Yahoo Finance has officially ended its high-profile data-sharing partnership with decentralized prediction market platform Polymarket, concluding an arrangement that brought real-time probability data to millions of retail investors and financial analysts. The collaboration, which originally kicked off in late 2025, integrated Polymarket’s crowd-sourced forecasting metrics directly into a…

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California Governor Mobilizes Expert Panel to Strengthen AI Safety Laws

By PYMNTS | September 18, 2026 In a decisive move to address what he termed a vacuum in national technology policy, California Governor Gavin Newsom signed a sweeping executive order on Friday, September 18, 2026. The directive immediately convenes a panel of national artificial intelligence (AI) experts tasked with designing an aggressive framework to reinforce…

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The October Holiday Creep: How Amazon, Target, and Walmart Are Rewriting the Retail Calendar

By: PYMNTS Published: September 19, 2026 Main Facts: The Battle for the Holiday Wallet Moves to October Forget carving pumpkins or finalizing your Halloween costume; the retail giants of the United States have officially decided that the holiday shopping season begins long before the leaves even change color. In a synchronized shift that compresses the…

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Anthropic Targets November for Landmark IPO Amid Astronomical Revenue Growth and Shifting AI Market Dynamics

By Global Tech & Markets Desk September 18, 2026 Artificial intelligence powerhouse Anthropic is reportedly setting the stage for a historic stock market debut, targeting a November initial public offering (IPO) that could value the company at an eye-watering $2 trillion. According to reports from The Wall Street Journal and The New York Times citing…

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FinTech Pioneer Avant Sets Its Sights on Traditional Banking: Files for National Bank Charter

By Financial Markets News Desk Published: September 18, 2026 Main Facts: The Proposed Launch of Avant Bank, N.A. In a landmark strategic pivot signaling the ongoing maturation of the financial technology sector, digital lending and credit pioneer Avant formally announced on Friday, September 18, 2026, that it has submitted regulatory applications to establish a new…

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Beyond the Viral Myth: Independent Review Debunks Social Media’s Role in Silicon Valley Bank’s Collapse and Exposes Internal Fed Failures

WASHINGTON — Three years after the historic collapse of Silicon Valley Bank (SVB) sent seismic shocks through the global financial system, a newly released independent review is upending the conventional narrative of how the bank fell. For years, the prevailing postmortem blamed a modern digital phenomenon: a panicked, hyper-accelerated bank run fueled in real-time by…

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