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When UK banking apps went dark on Tuesday morning, the Google Cloud failure behind them landed on a provider that regulators had placed under direct supervision barely three months earlier, turning a few hours of downtime into the first live test of Britain’s new defence against systemic cloud risk.

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Paysecure Takes 22% of Valuno in Nordic Debt-for-Equity Deal

Paysecure, the London payment orchestration platform, has converted more than €1m of loans owed by Swedish crypto settlement firm Valuno Group AB into equity, handing its Dubai-registered investment vehicle Netgraph a stake the company's regulatory filings put at roughly 22% of Valuno's shares and votes. The move, announced on 22 October 2026, turns a commercial relationship that began in September 2023 into direct ownership and makes Paysecure one of the larger shareholders

FinanceX is an official Media Partner to The Private Wealth & Funds Forum 2026

FinanceX Magazine is proud to announce its official media partnership with The Private Wealth & Funds Forum 2026, taking place on 10 December 2026 at the Marriott Hotel Downtown in Abu Dhabi, UAE. Hosted by QUBE Events, this one-day, senior-level forum unites the private wealth and fund management community for a programme of high-impact keynotes, panel discussions with live Q&A, and curated networking. As Abu Dhabi cements its position as a global centre for private wealth,

Open Banking Grows Teeth: PSD3 Inches Closer, Thought Machine Clears $100m, and BaaS Finally Grows Up

As of this week, open banking in Europe is less about theoretical rules and more about commercial proof. The rulebook is nearly ready. The vendors are, for once, nearly ready too. If you have been watching the open banking file in the European Union, you will know the running joke: PSD3 is always almost there. For most of 2024 and 2025, almost there meant another political compromise and another delayed vote. The latest signals from Brussels, picked over this week by Vixio, N

UK Money Laundering Losses Hit £154.83bn, Over 5% of GDP

UK money laundering losses reached an estimated £154.83bn last year, equal to 5.16% of GDP, according to new analysis from RegTech firm Napier AI. The estimate arrives six days before Chancellor John Healey's Autumn Budget on 28 October 2026, with the Treasury under pressure from rising public borrowing to find money wherever it can. The figures come from the Napier AI / AML Index 2026 to 2027, produced with the LSE-listed analytics company GlobalData and led by Napier AI's C

Klarna Consumer FX Lets Shoppers Pay in Local Currency, Fee-Free

Klarna Consumer FX is now live, letting the payments company's 120 million users buy from any connected merchant worldwide and pay in their own currency with no exchange fee. The rate and the converted price appear before checkout and stay visible in the Klarna app after purchase, closing off the statement-day surprise that has long followed cross-border shopping. Klarna says the feature works across all of its markets and currencies from launch, with no new integration requi

OKX Opens Unified Euro Order Book for EUR and EURC Trading

OKX has merged euro and EURC liquidity into a single trading venue for customers across the European Economic Area, extending to the euro a market-structure model it first built for the dollar. The exchange said on 21 October that its unified euro order book lets eligible users trade EUR pairs against one combined pool and settle in either euros or Circle's euro stablecoin, EURC, with conversion between the two at a fixed 1:1 rate. The practical effect is that a trader holdin

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CONTRIBUTORS & INTERVIEWS

Who Audits the Auditors?

By Arunjay Katakam On 9 March 2023, more than $40 billion left Silicon Valley Bank. Its supervisors had identified serious weaknesses, yet the Federal Reserve’s subsequent review found that they had been too slow to act on them. The failure was not simply a shortage of information. It was also a failure to turn warnings into decisions while there was still time. [1] Banks and regulators have begun experimenting with AI. A machine can read more transactions, connect more signa

The Clock Just Got Louder: Why Q-Day Is Now a Balance-Sheet Problem

By Jay Dembani, Founder at FinSaAIstra Most custodians holding institutional Bitcoin and Ethereum have pencilled quantum risk in for somewhere around 2030, safely behind more pressing priorities on the roadmap. A specific date landed this month that makes that timeline look optimistic. In September 2026, IonQ's chief executive Niccolo de Masi put a specific date on the moment quantum computers become capable of breaking the encryption that protects Bitcoin and most of the int

Ella Media and the European Case for Sovereign AI

An interview with Michael Keusgen by Sean Murphy Michael Keusgen tells a story about a London studio four and a half years ago, when two of Ella Media's synthetic radio presenters were left to run a station on their own. There were no people at the desk, only agents, and at some point the two voices drifted onto the German word Feierabend, the compound of Feier, celebration, and Abend, evening, that Germans use for the end of the working day. The agents worked out that the la

What Happens to Your Assets When You Log Off for Good

An interview with Pawel Soproniuk, Co-Founder at LegacyApp by Sean Murphy A gamer forges a sword inside a game worth a thousand pounds on the open market, and if something happens to him, where does it go? A whisky collector worries his family will simply drink the bottle in the cupboard, not realising it cost twenty thousand pounds. Somewhere a Bitcoin holder buys a hundred euros of it every month and no one knows where the seed phrase is written down. These are the small, h

Frontier Tech Has a Plumbing Problem

By Georgijus Kocegarovas, Co-Founder and Chief Legal Officer at Baseella Every conversation about frontier technology in financial services arrives at the same shortlist: artificial intelligence, quantum computing, tokenised assets. All three deserve attention. But in regulated payments, whether any of it lands depends on something less photogenic – the core underneath, and how many other systems it has been connected to. The orchestration orthodoxy For over a decade, the acc

The Two Clocks of Quantum Fraud Detection

By Luca Collacciani, Chief Growth Officer at Cleafy Quantum computing has arrived in banking in two forms. The first breaks your cryptography: it comes with a regulatory deadline, a named owner, a steering committee and a migration plan that has been tested for years. The second might reduce fraud losses. It comes with a slide. Anyone who has spent part of a career selling the first of those knows the second is the more interesting problem. Almost every large bank with a quan

When AI Gives Investment Advice, Who Checks the Maths?

By Ildar Farkhshatov, Co-Founder and Chief Technology Officer at IVM Markets Earlier this year, at a conference in Paris, I came across a company comparing investment themes recommended by different AI models. The answers varied, sometimes considerably. Each model had a perfectly reasonable explanation for its choices. I was more interested in what happened when you checked the numbers. Researchers had been asking similar questions a year earlier. A 2025 study presented at AC

Money Doesn’t Get to Be “Probably Right”

By Rafał Kucharski, Principal Fintech Architect at The Software House A few months ago, my team at The Software House gave a chat interface the ability to move money. The first message someone typed into the test build was: “Send €500 to John.” Four words. No account number, no currency, no confirmation of which John. The model, being a model, answered with total confidence. It just wasn't the right answer. That gap between confident and correct is the real fault line in agen

Location, Location, Location: The Signal Fraud Struggles to Fake

An interview with André Ferraz by Sean Murphy The property trade has a mantra, that the three things which determine the value of a home are location, location and location. It has always described houses. It now describes, in André Ferraz's account, one of the more effective tools in the fight against online fraud, although the benefit of location is probably not what you expect. André Ferraz is the co-founder and chief executive of Incognia, a company that sells fraud detec