TLDR Tech / Fintech
The FDIC wants a rulebook for bank-fintech partnerships
The FDIC is working with major banking and fintech trade groups on a voluntary standard-setting and certification body for bank-fintech partnerships, signaling a shift toward clearer baseline controls after years of BaaS failures and regulatory fallout. The post also covers Block moving more payments onto its own bank rails, Chime's second consecutive GAAP-profitable quarter, Polymarket's potential $20B+ valuation, Bunq's rejected US charter application, and Cloudflare's push into AI-agent wallets and payments.
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