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bunq has switched on Wero for both peer-to-peer transfers and online checkout across the Netherlands, Germany, France and Belgium, becoming, by its own account, the first bank to offer the European payment scheme for both uses in all four markets.

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AvaTrade's FXCM Acquisition Caps a Decade-Long Carve-Up

AvaTrade has agreed to buy the majority of FXCM Group's business, a deal announced in Dublin on 9 October 2026 that folds one of retail trading's oldest brands into a larger multi-asset group. For finance professionals, the AvaTrade FXCM acquisition reads less as a growth story than as the closing act of a long wind-down: it completes the piecemeal dismantling of a broker that Jefferies Financial Group has spent more than a decade trying to exit. The purchase price and detail

OUSD Goes Live, Solana Opens the Vault, and Payments Get a New Default

As of this week, the stablecoin that Visa, Mastercard, Stripe and 140-plus partners cooked up is no longer a press release. It is a real rail, moving real money, and quietly rewriting what payments even means. The week stablecoins stopped pretending Following the 30 September 2026 launch of Open USD (OUSD), the Open Standard consortium's new dollar stablecoin, the payments industry has quietly flipped a switch. Per Stripe, OUSD now runs across Stripe products and is the defau

CaixaBank Google Cloud AI Deal Runs to 2033 as Sovereignty Rules Tighten

CaixaBank has tied its Google Cloud AI strategy to 2033, extending its partnership with the US hyperscaler and preparing to roll agentic software across its workforce, even as European regulators press the region's banks to reduce their dependence on single American cloud providers. The expanded agreement, announced on 9 October 2026, builds on an alliance first signed in 2023 and puts Gemini Enterprise, Google Cloud's platform for building and deploying AI agents, at the cen

Tether Lands in Astana, Europol Rings the Quantum Bell, and DTCC Quietly Rewires US Treasuries

As of this week, three stories collided to redraw finance's technology frontier: a sovereign stablecoin pact in Kazakhstan, a blunt Europol warning on quantum-era wallet risk, and the Depository Trust and Clearing Corporation moving tokenised US Treasuries into live production. Astana Goes Dollar-Digital On 7 October 2026, Decrypt reported that Tether had signed an agreement with Kazakhstan's central bank to explore a sovereign-aligned stablecoin and a joint programme for tok

MassPay Adds Cash App as a Near Real-Time Payout Rail

MassPay has added Cash App as a payout destination, letting platforms on its network pay gig workers, creators, contractors and marketplace sellers directly into a Cash App balance in the United States. The MassPay Cash App payout option runs through the firm's existing single integration, so clients can switch it on without further engineering work. MassPay, which announced the move on 8 October 2026, describes delivery as near real time for a fee, with funds landing ready t

PawaPay Wins Mozambique Payments Licence, Second in a Month

PawaPay has been granted a Payment Service Provider (PSP) licence by the Bank of Mozambique, clearing the aggregator to onboard merchants directly in a market where mobile wallets, not bank accounts, carry most everyday transactions. The Mozambique payments licence was issued to the company's local subsidiary, Quidexplus Mozambique, and announced on 8 October 2026 from Maputo. It is the second country-level PSP authorisation PawaPay has disclosed in under a month, following a

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CONTRIBUTORS & INTERVIEWS

Where the Toll Booth Goes Next

By Arunjay Katakam, Author For years, I argued that open financial infrastructure would make moving money cheaper. Remove the unnecessary intermediaries, settle faster, release the capital trapped in correspondent accounts, and the savings would reach the people making the payments. I still believe much of that. What I no longer believe is that removing an intermediary necessarily removes its margin. Money is becoming software, and the question is what that does to everyone w

A Video is Worth a Thousand Words

An interview with David Morrica by Sean Murphy A wealth adviser will happily talk for two hours across a lunch table, build a relationship over decades, and read a client's mood without thinking about it. Put the same person in front of a camera and they clam up. David Moricca has seen this happen enough times to treat it as the central problem of his business rather than a quirk. Being conversational with someone in the room is one thing; recording alone, with no one to reac

The Prediction Is the Easy Part

An interview with Eva Narunovska by Sean Murphy Sophisticated forecasting has always been something you bought with scale. Predicting which customers will leave, which deals will close and what to do about it took a team of data scientists and engineers, the kind of function a large bank could staff and a company of two or three hundred people could not. Eva Narunovska's argument is that this is the thing AI has quietly changed. As chief executive and co-founder of Forse AI,

When a Hundred Thousand Books Change Hands

An interview with Vineet Mohan by Sean Murphy A large part of the American wealth industry is about to change hands. Cerulli Associates expects more than a hundred thousand financial advisers to retire over the next decade, around 37 percent of the industry's headcount and 41 percent of its assets. Behind each of them sits a book built over thirty or forty years and every one of those books will have to move to someone else, whether there is a clearly defined process for movi

Digitalisation and Self Service Do Not Equal Good Client Service

By Dieter Rosch, Executive Head Solutions Architecture at BBD A bank can have an excellent app and still be difficult to deal with. The cause is not always the technology itself. In some cases, the process was poorly designed to begin with. In others, regulatory requirements have accumulated into layers of checks and hand-offs, or the underlying systems were never built to share context. More often, it’s a combination of all three. Connecting the work therefore means looking

How to Scale Private Banking Personalisation

By Frank Schooneveldt, Managing Director at Akkuro Savings & Investments Private banking clients expect highly personalised advice, but most banks still rely on operating models that become more expensive with every new client they add. The challenge is no longer whether banks can personalise service, but whether they can do it profitably at scale. What does scaling private banking personalisation actually mean? Scaling personalisation means delivering customised portfolio ma

A Common Language for Compliance

An interview with Nicole Dyskant by Sean Murphy For a digital-asset firm, the sharpest regulatory pain is often the overlap between regimes, the grey zone where a single offering can trigger two sets of rules at once. A payments firm that adds stablecoins finds itself inside MiCA, the European crypto framework; a stablecoin issuer that touches fiat currency may also need a payment services licence; and a hard-won MiCA licence does nothing the moment a firm wants to serve clie

From Reactive, Fragmented Claims Management to Empowered, Consistent Claims Resolution

By Yariv Lissauer, CEO at Canotera Insurance is fundamentally a business of prediction. Carriers forecast frequency, severity and aggregate losses to price risk and allocate capital. Yet once a complex claim arrives, some of the industry's most consequential financial decisions remain surprisingly reactive and fragmented. Claims management has traditionally been an iterative process: adjusters assess evolving information, defense counsel provides evaluations, reserves are rev

Turning Shopping Into Loyalty

An interview with Geno Prussakov by Sean Murphy Banks have made their money from lending for as long as banking has been a business. Deposits come in, loans go out, and the gap between the two minus operational costs is the profit. Fees, cards and current accounts all matter, but break a traditional bank down far enough and the majority of the income still comes from lending. There is no particular guarantee that the banks of the future will work that way. Stripe and the larg