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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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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

Wealth Management Revenue Optimisation Becomes PE's Next Growth Lever

Ascentix Partners and PureFacts have tied up to sell fee capture, pricing and adviser pay as a growth engine, aimed squarely at private-equity sponsors now pushing their advice firms for organic growth. Ascentix Partners and PureFacts Financial Solutions announced a partnership on 8 October 2026 built around a single pitch to enterprise advice firms: wealth management revenue optimisation can raise valuations without buying a single new client. The two firms will pair PureFac

Embedded Lending Grows Up: finmid's €17m Extension, Grab's Atome Swoop, and Why Credit Is Being Rewired From the Checkout

As of this week, embedded lending stopped looking like a side quest for fintech and started looking like the main event, with Berlin's finmid pulling in another €17 million, Grab circling Atome for $1.49 billion, and the Philippines central bank bracing for a BNPL boom. The Deal That Set the Tone The week opened with a very European flavour of ambition. On 5 October 2026, Berlin-based finmid announced a €17 million Series A extension, taking its total funding to €52 million.

Backbase Conversational Banking Goes Live Across 10+ Banks

Backbase has moved its Conversational Banking product to general availability, putting AI agents that can execute banking tasks within bank-defined controls into live service at more than 10 banks. Announced on 8 October 2026 from the company's Amsterdam base, the release lets retail customers and bank staff make requests in plain language, such as blocking and replacing a lost card or chasing a service request, and have the bank's agents complete the permitted actions rather

Open Banking Grows Teeth: PSD3 Edges Closer, Core Banking Finds Its Commercial Proof, and BaaS Picks a Lane

As of this week, Europe's open banking reset is less a policy debate and more a build sprint. PSD3 and the PSR are in the pipeline, FiDA is wobbling toward adoption, and the core banking category is finally throwing off real revenue. Open banking in 2026 is where the quiet infrastructure deals happen. No fireworks, just a steady drumbeat of regulatory texts, cloud-native cores going live and BaaS platforms sorting themselves into those who can comply and those who cannot. Thi

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CONTRIBUTORS & INTERVIEWS

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

Banking Transformation Summit USA’s Program Centers on the Decisions Banks Can't Put Off Until Next Quarter

By Mark Johnstone, Founder of Banking Transformation Summit In most US banks this autumn, a finance committee is working through its technology spend line by line. There is a generative AI pilot that has run long enough to need a verdict, a core modernization plan that’s timeline has been redrawn more than once, and a fraud budget that changes every time another deepfake case hits the news. Each line needs a decision, and the people making those decisions rarely have the time