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Singapore’s financial regulator has put banks and fintechs on a fixed timetable to get their AI risk controls in order. On 7 October 2026, the Monetary Authority of Singapore (MAS) issued its Guidelines on Artificial Intelligence Risk Management, setting supervisory expectations for how financial institutions govern AI.

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TROOPS Crypto Merger Bets a Nasdaq Micro-Cap on EFFORCE

TROOPS, Inc. (NASDAQ: TROO), a loss-making Hong Kong conglomerate that began life as a Chinese computer-monitor maker, has signed a merger agreement with EFFORCE, the Malta blockchain venture co-founded by Apple co-founder Steve Wozniak. The TROOPS crypto merger, announced on 12 October 2026, carries no disclosed price, exchange ratio or completion date, and commits the enlarged group to digital-asset infrastructure, crypto trading and what the companies call the possibility

WealthTech This Week: Spiko's $90m Nod to Tokenisation and WealthAi's Agentic Onboarding Push

Two London and Paris based stories, one quiet message: WealthTech is done chasing shiny apps and is finally rewiring the plumbing. As of this week, WealthTech is doing something it has not done enough of in 2026: shipping real infrastructure. Two announcements, one in Paris, one in London, say more about where the sector is heading than any September conference panel managed to. Spiko, the European issuer of tokenised cash funds, closed a $90m Series B led by New Enterprise A

Fibank Adds Bitpanda Crypto Trading to My Fibank App

Fibank has signed a partnership with Bitpanda Enterprise, the institutional arm of Austrian crypto firm Bitpanda, to offer crypto trading inside its My Fibank mobile app. The deal puts Fibank crypto trading in front of the bank's more than one million customers and, the two companies say, makes Fibank the first bank in Bulgaria to embed digital-asset trading directly in its own app. Rollout to customers is expected in early 2027, with a €1 minimum and round-the-clock access o

Kraken Secures Full VARA Licence for UAE Launch in Dubai

Kraken will open to clients in the United Arab Emirates within weeks, and the Kraken UAE launch follows Full Market Approval for its parent, Payward, from Dubai's Virtual Assets Regulatory Authority (VARA). The approval is the final stage of VARA's licensing process and clears Payward to operate as a supervised Virtual Asset Service Provider for retail, professional and institutional clients. It completes a path that began with the regulator's preliminary approval in May 2026

A 95 Million Euro Deepfake, a 495% Fraud Surge, and DORA With Its Gloves Off

Following this week's reports of a near 95 million euro deepfake fraud at Intesa Sanpaolo's private banking arm, the identity layer is no longer the perimeter. It is the breach. The headline nobody wanted on a Friday As of this week, European private banking has its first public nine-figure deepfake loss. According to a FinanceX Magazine report sourcing FinTelegram, Fideuram, the private-banking arm of Intesa Sanpaolo, lost close to 95 million euros after attackers used synth

3iQ Secures Abu Dhabi Approval to Court Sovereign Crypto Capital

3iQ, the Toronto-based digital asset manager now majority-owned by Nasdaq-listed Coincheck Group, has cleared its first regulatory step into Abu Dhabi. Its UAE arm, 3iQ Middle East Ltd, has received in-principle approval for a Category 4 licence from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the emirate's financial free zone. The approval signals intent rather than a finished permission: in-principle approval is a pre-authorisation,

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CONTRIBUTORS & INTERVIEWS

Europe’s Next Energy Frontier Is Above Us

By Jasper Deprez, Founder & CEO at TerraSpark Space-based solar power sounds like an enormous technological bet. The more interesting question for finance may be whether we can turn it into a sequence of investable ones. Imagine collecting solar energy in space and transmitting it wirelessly to Earth, wherever it is needed. A factory in Germany. A data centre in Luxembourg. An island thousands of kilometres from the nearest power plant. The idea is called space-based solar po

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