As the world's biggest post-trade utility wires institutional securities to a public blockchain, Europe sprints toward an October 2027 T+1 deadline that suddenly feels much closer.

UK wealth managers and advisers now have a practical playbook for the FCA's non-financial misconduct rules, which take effect on 1 September 2026. PIMFA, the trade body for UK wealth managers and financial advisers, published guidance on 23 June 2026 developed with the Chartered Insurance Institute, the Chartered Institute for Securities & Investment and law firm Clyde & Co. The document translates principles-based regulation into worked scenarios, a fitness-and-propriety fra

Challenger bank Bankaktiebolaget Nordiska has signed Finastra to gain direct access to Sweden's central payment rails, ending its reliance on partner banks to reach central bank money. The Stockholm lender will use Finastra's Swift Service Bureau to connect straight to the Swift network and to Riksbank's RIX real-time gross settlement system, with instant payments via RIX-INST to follow as regulation allows. For a bank that only secured its full banking licence from the Swedi

This week WealthTech got serious — Citi tokenized private shares, Schwab rolled out client-facing AI, and eToro hunted M&A targets.

Trace Finance closes a Series A backed by CoinFund, Coinbase Ventures, and Haun Ventures to scale the compliance and bank connectivity infrastructure that stablecoin payments still require to work inside institutional corridors. Trace Finance, a regulated cross-border payments and stablecoin settlement provider, has closed a $32 million Series A led by CoinFund, with participation from Coinbase Ventures, Haun Ventures, Jump Crypto, Valor Capital, Paxos, and HOF Capital. The r

As global banks face a projected $57 billion bill to maintain legacy payments technology by 2028, Dubai-based NymCard has launched nCore FullStack, a proprietary platform unifying issuing, lending, money movement, settlement, financial crime, and reconciliation under a single vendor integration. Banks across MENA now have a single-vendor alternative to the fragmented stack that has defined regional payments modernisation for the past decade. NymCard, which raised a $33 millio

Flagright, an AI platform for financial crime compliance, has closed a $12.5M Series A led by Infinity Ventures, with Sella Bank, Frontline Ventures, and Y Combinator also participating. The round represents the largest capital commitment the company has raised to date, bringing its known total funding to roughly $22.7M since its 2022 founding. The capital will fund US market expansion and deepen explainable AI capabilities across alert investigation, rule optimisation, and a

Community banks and credit unions are losing CD renewals, missing loan payment windows, and watching indirect borrowers walk away, not because they lack customer relationships, but because they lack the staff hours to act before those moments pass. Glia, the banking AI platform serving more than 700 financial institutions, is now offering a purpose-built answer: Glia AI Outreach, an agentic outbound voice and SMS solution designed to help community and regional institutions r

Three years of 70%-plus revenue growth and a move into positive territory on the income statement position the New York neobank as a credible candidate for the US IPO pipeline — even as the round prices a third below its 2021 peak. Current, the New York consumer fintech platform founded in 2015 by former Morgan Stanley trader Stuart Sopp, has closed an $80 million Series E financing at a $1.5 billion post-money valuation. The round was led by Springcoast Partners, a growth eq