Equinix has launched the Distributed AI Hub, powered by Equinix Fabric Intelligence, to provide a unified framework for enterprises to connect and manage distributed AI infrastructure. The Hub allows businesses to access AI infrastructure providers, including model companies, GPU clouds, data platforms, and network and security services, through private, low-latency connections across Equinix’s 280 data centres. The Hub unifies distributed workflows, bringing together training data and inference workloads across public clouds, private data centres, edge locations, and specialised neoclouds, each with distinct performance and governance requirements. This centralisation aims to reduce operational complexity and enable AI workloads to run closer…

Commerzbank and Hawk, a provider of anti-fraud and anti-money laundering (AML) technologies, are collaborating to optimize internal banking processes using AI. The bank has deployed Hawk’s “AML AI Extended Risk Model” to complement its existing rule-based compliance systems, aiming to improve the detection of financial crime while meeting regulatory requirements. The initiative forms part of Commerzbank’s broader strategy to apply AI across customer and market processes. “Given the complexity of the landscape, we can only successfully combat financial crime with the help of AI. It is a high strategic priority for us to proactively and continuously expand our compliance system…

At Mobile World Congress (MWC) 2026, Tencent Cloud announced a collaboration with Turkish fintech company iyzico to support its European expansion and launch its first cloud-based production platform in the region. Tencent Cloud built the platform on its IaaS infrastructure to meet regulatory requirements for financial services. Founded in Türkiye, iyzico provides virtual, in-store and supplier network payment solutions for e-commerce, retail and B2B businesses. Its platform supports transactions for over 185,000 merchants, including major e-commerce players and SMEs, and aims to simplify payment processes while maintaining security and reliability. To facilitate its European operations, iyzico required a secure and…

Revolut Bank UK has received approval from the Prudential Regulation Authority (PRA) to exit the mobilisation phase and operate as a fully licensed bank in the UK. The bank enters this stage with an existing base of 13 million UK customers and follows Revolut’s recent pledge to invest £3bn and create 1,000 high-skilled jobs in the country. The approval allows Revolut Bank UK to offer accounts to retail and business customers, with deposits protected by the Financial Services Compensation Scheme (FSCS) on eligible accounts. It also opens the possibility of introducing additional services in the future, including lending. The rollout…

In 2026, artificial intelligence (AI) and wealth aggregation will continue to gain traction in the wealth management sector as firms respond to the growing demand for comprehensive, tailored advice. Simultaneously, cryptocurrencies and digital assets will continue to gain legitimacy, requiring firms to develop their own offerings. Asset tokenization, meanwhile, will enhance the accessibility of previously illiquid assets, including real estate and commodities. Finally, direct indexing will emerge as a highly profitable tool driven by the rising demand for flexibility. These are among the key wealthtech trends in Europe for 2026 highlighted by industry stakeholders. These experts, which represent banks, wealthtech…

International payment acquiring company PAYSTRAX plans to expand its workforce in Lithuania, with up to 75 new hires expected in 2026 and as many as 150 additional employees over the next three years. Founded in Lithuania in 2018 by Icelandic entrepreneurs Johannes Ingi Kolbeinsson and Gunnar Mar Gunnarsson, the company has grown to more than 150 employees across six offices in Europe. The planned hiring will take place across PAYSTRAX’s Lithuanian offices in Vilnius and Klaipėda and will focus on roles in IT, finance, marketing, account management, operations, and onboarding. The company has already moved to larger premises in Klaipėda…

Nasdaq has entered a strategic partnership with Seturion, the pan-European settlement platform for tokenised assets launched by Boerse Stuttgart Group, to support the modernisation of Europe’s post-trade infrastructure. Boerse Stuttgart Group recently introduced Seturion as a settlement platform open to market participants across Europe and plans to connect its own trading venues to the platform. Seturion supports multiple asset classes on both public and private distributed ledger technologies (DLTs), and enables cash settlement against central bank money as well as on-chain cash. Under the partnership, Nasdaq’s European trading venues will connect to Seturion to support the trading of tokenised securities…

Zepz, the company behind WorldRemit and Sendwave, has announced that Chief Executive Officer and Board Director Mark Lenhard will step down over the coming weeks. The Board has appointed Barrie Morris, currently Chief Financial Officer, as Interim CEO while it searches for a permanent successor. Morris has more than 25 years of experience in financial services and has served as Zepz’s CFO since 2023, overseeing the company’s financial strategy and operational foundations. “Zepz enters this next phase from a position of financial strength and operational discipline,” he said. “As Interim CEO, my focus will be to execute our strategy at…

Zippay, a new person-to-person mobile payment service, is being launched this week by AIB, Bank of Ireland and PTSB. The service, accessible through the banks’ existing mobile banking apps, will roll out in phases from tomorrow and could reach more than 5 million eligible customer accounts. Customers will be able to send, request, and split payments instantly using the mobile numbers of contacts who also use Zippay. The service is delivered by European paytech company Nexi and will be made available to all financial institutions in Ireland offering IBAN account services with a mobile app. Brian Hayes, Chief Executive of…

Advisory firm Gartner has released a market research on decision intelligence platforms (DIPs), ranking vendors based on their positioning as leaders, challengers, visionaries, and niche players. IBM, FICO, and SAS were recognized among the industry leaders in this list. DIPs are software designed to create decision-centric solutions that support, augment and automate decision making of humans or machines. These platforms combine data, analytics, knowledge and artificial intelligence (AI) to enable enterprises to collaboratively create and model decisions, orchestrate decision flow during execution at scale, and monitor and govern decision quality, while continuously learn from actions and outcomes. Typical use cases…

ClearToken, an FCA-authorised digital financial market infrastructure provider, has partnered with Canton Network to deploy three Daml-based Digital Asset Platforms (DAPs) on Canton’s blockchain: CT Register, CT Pay, and CT Settle. The partnership introduces settlement infrastructure for stablecoin FX and tokenised cash flows on a privacy-enabled institutional blockchain, integrating ClearToken’s regulated framework with Canton’s atomic composability architecture. CT Register enables tokenisation and de-tokenisation of fiat, stablecoins and, in future, securities. Positions are reflected on Canton as data tokens, allowing programmable and auditable settlement workflows within ClearToken’s FMI perimeter. CT Pay supports single-sided payments and Payment versus Payment (PvP) settlement, discharging…

zerohash has applied for a National Trust Bank Charter with the Office of the Comptroller of the Currency in the US. If approved, the charter would allow the company to operate as a federally regulated national trust bank, expanding its regulatory framework and product offering. zerohash submitted the application to complement its existing licences in multiple jurisdictions. Founded in 2017, zerohash provides infrastructure for companies to offer digital asset and stablecoin services to their customers. Its partners include Morgan Stanley, Interactive Brokers, Stripe and Franklin Templeton. The proposed charter comes as regulatory frameworks for stablecoins and digital assets in the…

Broadridge has appointed Allen Weinberg as Chief Growth and Strategy Officer, effective immediately. In this newly created role, Weinberg will work with the leadership team to implement Broadridge’s strategic priorities, including growth acceleration, profitability enhancement, and competitive positioning. He will also identify and assess new market and product opportunities. Weinberg will join Broadridge’s Executive Leadership Team and report to Chief Executive Officer Tim Gokey. Weinberg joins Broadridge from McKinsey & Company, where he was a Senior Partner leading the North American Banking Tech and Operations Practice and the Outsourcing and Offshoring practice. “Broadridge has built an exceptional reputation for its…

Revolut has applied to the US Office of the Comptroller of the Currency and Federal Deposit Insurance Corporation for a national bank charter, which would operate as Revolut Bank US. Revolut is expanding into North America. The company has appointed Cetin Duransoy as US CEO, replacing Sid Jajodia, who will continue as Global Chief Banking Officer. Duransoy brings over 20 years of experience in technology, payments, and finance, having led Raisin as US CEO and held senior roles at Capital One and Visa. Revolut co-founder and CEO, Nik Storonsky, said: “The US is a key pillar of our global growth…

Avaloq, the Zurich-based wealth management technology and services provider, highlighted India’s growing strategic importance to its global expansion at the Avaloq India Community Connect 2026 conference in Pune. The event brought together decision-makers from financial institutions, technology firms and advisory companies, including partners Accenture, HCLTech, Oracle, Synpulse, TecFinics, Vine InfoTech and Yashicaa Technology. Discussions focused on India’s evolving wealth management landscape, driven by economic growth, rising affluence and increasing digital adoption. India is increasingly seen as a significant next-generation market for wealth management. Growing competition and expanding affluent segments are driving demand for more sophisticated financial products and advisory services.…

TCS Blockchain, a transportation trade finance provider, and PayPal USD are working together to improve payment processes for trucking and transportation companies. The collaboration aims to allow carriers to settle freight invoices faster and more cost-effectively using digital assets on blockchain. For decades, carriers have often sold invoices to factoring companies to avoid 30-180 day payment terms, sometimes losing 30% or more of net revenues. TCS Blockchain and PayPal USD aim to address these cash flow challenges in North American supply chains. TCS Blockchain settled the world’s first freight invoice on-chain in 2022 and has since processed nearly 30,000,000 TCS…

Forbes has released its annual Fintech 50 2026 list, highlighting the most promising private companies reinventing finance through technology in the US. This year’s selected firms have continued to innovate and grow rapidly despite a tough market, subdued valuations, and a constrained funding environment. They have demonstrated strong revenue growth, impactful product innovation, and high‑quality leadership. In 2026 again, business-to-business (B2B) banking dominates the Fintech 50 list with eleven entries. Almost every B2B banking firm that appeared in the previous edition returned for 2026, indicating sustained growth and continued innovation. Notable examples include Mercury, a neobanking platform serving more than…

Consumers and small businesses in multiple countries, including five of the world’s largest remittance markets, will be among the first to benefit from a new Swift framework aimed at improving cross-border retail payments. Payments to Australia, Bangladesh, Canada, China, Germany, India, Pakistan, Spain, Thailand, the UK and the US will offer cost certainty, full-value delivery, end-to-end traceability, and faster settlement, including instant transfers where possible. An initial group of more than 25 banks is expected to go live by the end of June, with additional routes becoming available later in the year. Bangladesh, China, Germany, Pakistan and India are among…

Payward, the platform behind Kraken, said the Federal Reserve has granted Kraken Financial, its Wyoming-chartered bank, a master account, making it the first digital asset bank in US history to gain direct access to the Federal Reserve’s payment infrastructure. The approval follows more than five years of regulatory engagement, operational review, and coordination with US and Wyoming authorities. It allows Kraken Financial to connect directly to core US payment rails, including Fedwire, without relying on intermediary banks, enabling faster fiat transfers for institutional clients and reducing operational complexity. “This milestone marks the convergence of crypto infrastructure and sovereign financial rails.…

NatWest has appointed Adeel Hyder as Managing Director of Business Banking, where he will lead the bank’s strategy to strengthen support for small and micro-businesses across the UK. Hyder will join the bank on 1 June 2026 from Starling Bank. He previously held roles at McKinsey & Company and TSB Bank, and most recently worked at Starling, where he contributed to the development and expansion of its digital business banking services. In the new role, Hyder will report to Robert Begbie, CEO of Commercial & Institutional at NatWest, and will join the division’s Executive Committee. Hyder said: “I’m delighted to…