/regulation
Revolut is reportedly facing further delays in securing a full UK banking licence because of regulators' concerns over the fintech's risk controls relating to cross-border payment. Separately, the firm has acquired an AI travel agent incubated at an innovation hub run by airline Lufthansa.
14 October 2025
/wealth
Investor services technology provider SS&C Technologies has finalised its purchase of funds processing network Calastone, concluding one of the largest deals between investment management technology firms in recent years.
/startups
Startups and scaleups based in the UK secured more than $9bn in venture capital funding in Q3, making it the second-highest quarterly funding total on record.
/payments
UK-based fintech Wise has been granted approval by the Central Bank of the UAE to sell its money transfer and payments services in the Middle East market.
/ai
Mastercard has unveiled the Payment Optimisation Platform (POP), a service designed to improve approval rates for merchants using data to make intelligent decisions about transactions.
/wholesale
UK specialist lender Shawbrook has confirmed that it is planning a November initial public listing on the London Stock Exchange.
13 October 2025
/retail
Brazilian fintech PicPay is looking to raise up to $500 million in a US initial public offering, according to Bloomberg.
The London Stock Exchange Group (LSEG) and Microsoft have announced the next stage of a multi-year partnership that will see the latter's AI technology applied to the exchange group's financial data.
The UK's financial watchdog, the Financial Conduct Authority (FCA) has announced details of its strategy and roadmap for promoting open finance.
/cloud
In an industry where legacy systems often linger far beyond their shelf life, Royal London Asset Management (RLAM) is charting a different course, one that prioritises precision, agility, and strategic clarity.
Some of the world's biggest banks, including Barclays and Goldman Sachs, are exploring the issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains.
/crypto
Mastercard and Coinbase are battling it out to acquire stablecoin infrastructure platform BVNK in a deal that could be worth up to $2.5 billion, according to Fortune.
10 October 2025
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