CFOtech US

A proposed class action has been filed against BIG3 over its NFT ownership programme, alleging that buyers were denied rights and proceeds tied to team ownership. The lawsuit was filed in Los Angeles Superior Court against BIG3 and related defendants as the basketball league pursues a business combination that values it at about USD $290 million.

BitGo has introduced quantum-risk management tools for Bitcoin wallets aimed at institutional users of its multi-signature custody platform. The new controls focus on UTXO-based wallets and are designed to help clients identify and reduce exposure linked to Bitcoin addresses whose public keys have been revealed on-chain. The launch adds operational measures to BitGo's existing multi-signature wallet design, which it has long presented as a way to limit single points of failure.

eToro has launched a new mobile app built around an artificial intelligence assistant called Tori, marking a broader redesign of its consumer investing tools. The app was unveiled alongside a series of product changes, including sub-accounts for savings goals, a desktop platform for active traders, an expanded app marketplace and new crypto self-custody tools.

Temenos has secured a contract with a US regional bank to modernise its core banking platform using its software-as-a-service offering, as financial institutions continue replacing legacy infrastructure with cloud-based systems. The agreement, signed early in the third quarter, will see the unnamed bank migrate one of its specialised corporate banking operations from a third-party hosted environment to the Temenos Core Banking platform hosted on Microsoft Azure.

Kraken is rebuilding its mobile app around users' financial goals. The cryptocurrency exchange is overhauling its app from the ground up to make trading less intimidating for customers who lack the time or expertise to manage their portfolios actively. In outlining the redesign, Kraken said many trading platforms offer complex tools with little guidance, leaving users with less market knowledge at a disadvantage.

Circle has received final approval from the U.S. Office of the Comptroller of the Currency to establish a national trust bank, Circle National Trust. The approval allows Circle to open First National Digital Currency Bank, a federally regulated national trust bank focused on digital asset custody. Under the approved business plan, the bank will initially provide fiduciary custody services for Circle and its affiliates.

SonicWall has published research showing that financial services faces more cyberattack attempts per device than any other industry it tracks. In the first half of 2026, the sector recorded more than double the cross-industry average. The findings come from SonicWall's Financial Services Protect Brief, based on data from a network of more than one million security sensors.

EazyPetition has fully launched its USCIS petition preparation platform following a beta phase in the United States. The Texas-based legal technology company says the service is designed to automate document processing for immigration petition preparation. Through a guided workflow, users can review, verify and generate print-ready USCIS PDF petitions.

Data governance has become one of the biggest priorities in enterprise data strategy. Organisations invest heavily in governance frameworks, stewardship programs, and compliance policies to improve trust in their data. Yet many governance initiatives still struggle to deliver meaningful business outcomes for one simple reason: governance manages data, but it does not make inaccurate data accurate. The scale of what is at stake is not small.

Elliptic has added Circle, an affiliate, to its Agentic Design Partner Program following Circle Ventures' investment in Elliptic. The programme brings together infrastructure providers, compliance teams and technology executives to help shape compliance tools for autonomous, AI-driven financial activity. Circle's participation is expected to provide Elliptic with operational insights and feedback from real-world on-chain financial workflows.