JPMorgan Chase staffers will have to scan their fingerprints or eyes, rather than their ID badges, to access the bank’s new New York headquarters.

As part of the Biden Administrations efforts to regulate AI, over 200 organisations have agree to attend the US AI Safety Institute Consortium (AISIC), including Nvidia, OpenAI, Apple, JP Morgan, and Amazon.

Coincover, a UK-based digital asset protection provider, has raised $30 million in a funding round led by Silicon Valley’s Foundation Capital.

Gideon Valkin – formerly of Monzo, ClearScore and Entree Capital – has closed on a $12 million fintech venture fund, Adrena Ventures, and made his first investment in Nustom, an AI startup founded by Monzo’s co-founding CTO Jonas Templestein.

Canada’s TD Bank is selling part of its merchant processing business to Fiserv as part of a wider agreement with the US payments giant.

Digital asset outfit Paxos has launched its Global Dollar (USDG) stablecoin across the European Union.

The Financial Conduct Authority is warning consumers to be on the look-out for fake FCA scams after being inundated with reports of bogus emails and calls from fraudsters impersonating the regulatory body.

The European Central Bank says banks are “barking up the wrong tree” when they fret over the impact of deposit flight from a future digital euro, arguing instead that stablecoins and electronic money institutions pose more of a threat to the deposit base.

On day 3 of Sibos 2020, the conversation broached the weighty topic of tech execution, drawing links between the fundamental role of data in the ability of technology to reach its potential across financial services.

Baselane, a fintech platform designed for real estate investors, is set to expand its operations after securing $34m in funding.