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Revolut received conditional approval from the U.S. Office of the Comptroller of the Currency to establish a national bank, moving closer to launching full-scale banking operations in the country in 2027. The company plans to invest approximately $95 million in a Stamford, Connecticut-based bank and hire around 160 employees. Planned services include checking accounts, credit cards, installment lending, foreign exchange and stablecoin products. Revolut still requires approval

Cohere Labs released the Agentic Task Ecosystem, or ATE, dataset to measure what work developers are actually building AI agents to automate. The dataset covers roughly 696,000 tools across more than 123,000 public MCP servers. Researchers found that only 2.6% of analyzed tools met a strict definition of performing a recognized occupational task end-to-end. Cohere said the dataset provides a new way to track how agentic AI is being deployed and how automation is beginning to

Rubrik and CrowdStrike announced an integrated agentic workflow designed to detect, investigate and recover from identity-based cyberattacks. The solution combines CrowdStrike Falcon Next-Gen Identity Security and Charlotte Agentic SOAR with Rubrik Identity Resilience. The companies said the integration can reduce identity recovery times from days to hours by automatically moving from threat detection to clean recovery and removing attacker persistence. The partnership expand

Rubrik reported second-quarter fiscal 2027 revenue of $427.3 million, up 38% year-over-year, while subscription annual recurring revenue increased 33% to $1.66 billion. Cloud ARR grew 39% to $1.48 billion. The cybersecurity company reported an operating cash flow margin of 18% and free cash flow margin of 15%, exceeding its guided metrics and raising its full-year outlook. Rubrik also had 3,084 customers generating at least $100,000 in subscription ARR, up 23% from a year ear

Cohere launched Parse, a vision-language model designed to process large volumes of enterprise documents and convert complex files into structured, machine-readable data. The model handles tables, forms, diagrams and images across nine major languages and is available through the Cohere API and Model Vault. Cohere priced the API at $1.50 per 1,000 pages. On the company’s ParseBench evaluation, Parse scored 79.2, ahead of several specialized document-processing systems includi

Revolut launched Revolut Research, a dedicated research division focused on developing next-generation machine learning technology for financial services. The unit will work alongside academic and technology institutions and coordinate proprietary AI development across the group. The division is also responsible for PRAGMA, Revolut’s proprietary foundation model used for real-time risk assessment, platform operations and personalized product recommendations. The initiative ex

Cohere released an IDC InfoBrief examining sovereign AI adoption among more than 500 senior enterprise decision-makers across the U.S., Canada, UK and Germany. More than half of executives surveyed view sovereign AI as a priority, although only 13% reported very broad awareness of the concept. Data leakage, privacy and regulatory compliance ranked among the main concerns across regulated industries. Cohere is positioning private and on-premises deployment of its models and No

Revolut received a full French banking licence following assessment by France’s ACPR and the European Central Bank. The licence establishes France as the company’s second major European banking hub alongside Lithuania. Revolut plans to initially migrate its French customers to the locally regulated bank before progressively expanding the structure across Western Europe. The company serves around 30 million customers in the region and is investing approximately $1.1 billion in

Revolut introduced EURR, its first proprietary stablecoin, with phased testing initially available to eligible customers in Denmark, Poland and Portugal. The token is designed to maintain a €1.00 value and operates on Ethereum. EURR is issued by Bridge Building, a Stripe company, and allows users to move funds between fiat currencies, crypto assets, external wallets and supported blockchain networks. Revolut said stablecoins linked to additional currencies are under developme

Cohere and the University of Waterloo announced a partnership to create an AI Transformation and Change Management certificate focused on practical enterprise AI adoption. Launching in fall 2026 through Waterloo’s Future of Work Institute, the program will combine classroom education with workplace projects and co-op opportunities. Students will work with organizations on identifying, prioritizing and implementing AI use cases, with the curriculum covering AI literacy, busine

Rubrik introduced Agent Identity, a new component of Rubrik Agent Cloud designed to monitor and control access by AI agents and Model Context Protocol servers in real time. The product monitors agent activity and applies just-in-time permissions at the individual tool-call level, while enabling organizations to remediate unwanted agent actions. Rubrik is positioning the technology as a security and governance layer for enterprises deploying autonomous agents across SaaS appli

Cohere is emphasizing a “low drama” strategy focused on enterprise AI and return on investment rather than public debates around artificial general intelligence, according to Tech Xplore, citing comments from chief AI officer Joelle Pineau. The Toronto-founded company was launched in 2019 by Aidan Gomez, one of the co-authors of the “Attention Is All You Need” paper. Pineau, who joined Cohere last year after nearly eight years leading Meta’s Fundamental AI Research lab, said

Cerebras Systems is reportedly preparing to raise the price range for its initial public offering as investor demand for the AI chipmaker’s shares continues to build, according to Bloomberg. The company is expected to increase the IPO range to $125–$135 per share as soon as Monday. The offering has reportedly attracted orders for more than 20 times the number of shares available. Bloomberg noted that discussions are still ongoing, and the final IPO terms could change. The pri

Imperial Fund Asset Management and AD Mortgage closed a $424.1 million Non-QM RMBS securitization, A&D Mortgage Trust 2026-NQM3, the companies’ third securitization of 2026. The transaction includes 945 loans, an average borrower credit score of 750 and a weighted average combined loan-to-value ratio of 68.07%. Florida loan concentration fell to 23.0% of the collateral pool from 40.0% in the prior NQM2 transaction, reflecting AD Mortgage’s broader national origination footpri

Revolut reported a record pretax profit of £1.7 billion for 2025, reflecting a 57% increase compared to the previous year. Revenue also grew by 46% to £4.5 billion, surpassing analyst expectations. The London-based fintech firm has marked its fifth consecutive profitable year, with net profit rising to £1.3 billion from £0.8 billion in 2024. The growth in Revolut's customer base significantly contributed to these results, with 15.8 million new retail customers added, totaling

Rubrik's Q4 earnings call highlighted a strong finish to fiscal 2026, with CEO Bipul Sinha describing it as "spectacular." The company reported a record net new subscription annual recurring revenue (ARR) of $115 million, contributing to a total subscription ARR of $1.46 billion, a 34% year-over-year increase. Subscription revenue rose 50% to $365 million, while total revenue reached $378 million, up 46%. CFO Kiran Choudary noted impressive customer growth and retention, with

Financial technology company Revolut has announced the launch of its banking services in the United Kingdom after receiving approval from the Prudential Regulation Authority (PRA). The new entity, Revolut Bank UK, will offer deposit accounts for both individuals and businesses, with eligible deposits protected up to 120,000 British pounds (approximately $160,958) under the Financial Services Compensation Scheme (FSCS). Existing customers of Revolut in the UK will see a gradua

Revolut plans to launch multi-currency business accounts and cards in New Zealand as it seeks to become the first fintech firm to secure a banking license in the country. The licensing would allow the company to offer services such as term deposits and loans. Meanwhile, customers can be reassured that their funds are secure, held in a trust account. Businesses involved in international trade will benefit from the ability to transact in 39 currencies and avoid high bank fees b

Cybersecurity spending is increasing significantly, with Rubrik (RBRK) recognized as a leading company in this sector. According to Wedbush Securities, enterprises are investing heavily in cyber resilience and data protection, with IT budgets expanding by approximately 20% this year. This increase includes a further 20% rise in AI spending, leading to an overall growth of around 33% in technology and AI-related expenditures. Despite changes in the competitive landscape, which

Revolut Business has announced the launch of a new merchant acquiring product in Australia, aimed at streamlining payment processes for businesses. The integrated platform supports account-to-account, online, and in-person payments, allowing businesses to manage all payment operations from a single account. Source: pymnts.com