AGP Executive Report
Last update: 11 minutes agoRemittance Pressure: Western Union’s planned $500M acquisition of Intermex faces fresh doubt after Intermex reported a 18% YoY revenue drop in Q2, as digital rivals and immigration-related headwinds keep squeezing retail flows. Regulatory Sandbox: Nigeria’s CBN opened applications for a second regulatory sandbox cohort, adding live-testing tracks for VASPs (including stablecoins and custody) and data-enabled financial services. AI + Finance Ops: LPL Financial wrapped Focus 2026, highlighting AI-powered workflows and service modernization to help advisors grow while reducing operational friction. Banking Infrastructure Funding: Bank of America pledged $250B for U.S. digital and critical infrastructure projects by July 2027, targeting data centers, power, and core transport. Crypto Security: A Coldcard seed-generation flaw exposed about $116M in Bitcoin theft risk, renewing scrutiny of self-custody randomness and wallet migration needs. Payments Expansion: eToro agreed to buy TradeZero in a $231M deal to accelerate its U.S. push and broaden broker-dealer capabilities. Fintech Fraud Warnings: The FCC warned of impersonation scams targeting consumers with threats and requests for sensitive info. AI Accessibility: Google DeepMind’s SL2T sign-language-to-text model is landing in Pixel 11 via Gboard and Live Transcribe.
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