Backbase has moved Delivery Factory, a set of banking-specific AI agents that work alongside a bank's own delivery team from an agreed requirement through to tested code, into general availability across all markets. The Amsterdam vendor says teams using it across more than 10 of its implementations over the past year shipped twice as fast as traditional teams, placing the Backbase Delivery Factory squarely on the part of a banking software project that most reliably runs lat

The New York startup, founded by former Revolut executives, has brought Charles Schwab and EQT Ventures onto its cap table to automate the back office of advisory firms, just as the industry braces for a shrinking pool of advisers. Nevis, a New York developer of wealth management AI, has raised a $70m Series B led by EQT Ventures, with The Charles Schwab Corporation joining as a strategic investor. The round, announced on 26 October 2026, takes the two-year-old company's tota

MAJORITY, the Miami neobank built for migrants, has switched on stablecoin remittances to Latin America, letting eligible members in the United States send money to relatives any day of the week on USDC rails operated by zerohash. The service, which went live on 26 October 2026, lets a sender pay in US dollars while the recipient receives USDC, a dollar-backed stablecoin, inside their MAJORITY Global Wallet. Payments settle around the clock, including weekends and public holi

Q3 funding tripled, Ridgeline raised a quarter of a billion, and tokenised cash is quietly rewriting what "cash in the account" even means. As of this week, the sector looks less like a side bet and more like the main event. If you blinked during the third quarter, you may have missed the moment WealthTech stopped being the quiet corner of fintech. Global funding for the sector hit roughly $2.8bn across 124 deals in Q3 2026, roughly three times the $932m banked in Q2, accordi

Deutsche Bank has extended its retail insurance distribution partnership with Zurich Gruppe Deutschland by a decade to the end of 2042, renewing one of Germany's largest bancassurance arrangements six years before the existing contract was due to run out. The agreement, announced on 26 October, keeps Zurich life, risk and property cover on the shelves at Deutsche Bank and Postbank branches, and a parallel deal extends the distribution of fund products from DWS, Deutsche Bank'

Fideuram's loss is the headline, but the story under it is bigger: an entire banking defence stack is being reorganised around synthetic identity in real time. Following this week's confirmation that Italian private bank Fideuram, the private banking arm of Intesa Sanpaolo, was defrauded of 95 million euros (about $108 million) by criminals using AI to impersonate senior executives, the European financial industry can no longer treat deepfake fraud as a 2027 problem. It is a