Breaking

Market News

ECB and Brazil study a TIPS-Pix link, pilot targeted for 2028

The ECB and Banco Central do Brasil are exploring a TIPS-Pix link for instant cross-border payments, with a 2028 pilot. Why the FX leg is the hard part.

Revolut wins US bank charter with retail forex fenced off

OCC Corporate Decision #1390 gives Revolut preliminary conditional approval for a US national bank charter, but fences off its retail foreign exchange business.

TabaPay raises $155m to buy a bank with $1.1m of equity

TabaPay's $155m FTV Capital round funds a Denver bank with $1.07m of equity and $11,000 of half-year profit. The primary-secondary split is not disclosed.

MAS commits S$220m to fintech, 12% below its 2020 pledge

MAS commits S$220m over three years to FSTI 4.0 - 46.7% above FSTI 3.0 but 12% below the S$250m it pledged over an identical three-year window in 2020.

Bolt raises $27m at $300m, 97.3% below its $11bn mark

Bolt is raising up to $27m in a pay-to-play convertible note at about $300m, 97.3% below its $11bn peak. The clause, not the cheque, is the real story.

Swift defers structured address deadline, securities ship in Q1 2027

Swift has deferred the SR2026 structured address deadline for ISO 20022 payments while securities changes ship in Q1 2027. SEPA's November date is unmoved.

Mastercard and QNB run Syria’s first card payment in over 15 years

QNB Syria processed the first international card payment in over 15 years four days after the US delisting - but OFAC, not the terrorism list, cleared it.

Monte dei Paschi, rescued for €5.4bn, now bids €34bn for two rivals

Monte dei Paschi's €34bn all-share bids for Banco BPM and Banca Generali carry no premium on the BPM leg, and hinge on two shareholders who have not agreed.

re:cap’s lending doubled to €200m since its €125m UK facility

re:cap's €125m UK facility was debt, not a raise. Its arranged lending has since doubled to €200m — with no UK entity on the Companies House register.

Socure buys Fravity at $5.2bn, up 15.6% on its 2021 mark

Socure's $5.2bn growth investment and Fravity acquisition put its valuation just 15.6% above the $4.5bn mark it set back in 2021, despite 63% ARR growth.

BitGo buys NYDIG’s derivatives desk for $42.5m, 84% in stock

BitGo's press release skipped the price. Its 8-K puts $42.5m upfront on NYDIG's derivatives desk, 84% of it in BTGO stock, plus $15m of revenue earn-outs.

RQD Clearing lands $74m Bain Capital growth investment

RQD* Clearing takes a $74m Bain Capital-led growth round while already clearing 2.43% of US equities, as DTCC tokenisation makes clearing firms the chokepoint.

Vanguard’s reported $4.6bn Altruist deal undoes its 2003 custody exit

Vanguard is buying Altruist for a reported $4.6bn, re-entering the RIA custody market it quietly sold off in 2003 - and it was already an Altruist investor.

FOREX.com joins weekend gold CFD wave as CME opens 24/7 hedge

FOREX.com's XAU/USD 7-Day launched a day before CME's gold futures went 24/7. Seven brokers now quote weekend gold CFDs, but the hedge book is still thin.

Fasset hits $1bn valuation on $68m Series C led by SBI Group

Fasset raised $68m at a $1bn valuation led by SBI Group, but its corridor count doubled while volume rose only 25% — a capacity story, not a growth story.

Cantor Fitzgerald opens a block desk for Kalshi event contracts

Cantor Fitzgerald is now introducing broker for institutional block trades in Kalshi event contracts, with Susquehanna Predictions pricing the other side.

Munich Re pays $575m for At-Bay, a book it already reinsures

Munich Re Group agreed on August 19, 2026 to acquire At-Bay, Inc. at an enterprise value of $575 million, and the decisive fact sits in a subordinate clause. Hartford Steam […]

Experian puts live credit scores in ChatGPT, model blind

Experian's upgraded ChatGPT app shows UK users their real 1250 credit score inside a widget the AI model never reads. Distribution, not data-sharing.

FIX Trading Community flags tokenisation data gaps to FCA and BoE

FIX Trading Community told the FCA and Bank of England that missing data standards, not technology, will slow tokenisation as retail brokers list tokens.

Most Read

Imdustry insights

Stay Ahead

Get the latest news, insights, and market updates delivered to your inbox every day.

Enter your email address