October 26, 2026 @ 7:14 am By Omar Faridi  |  

American Express (NYSE: AXP) has announced plans to eliminate roughly 5 percent of its global workforce, a reduction expected to affect about 3,500 positions. The credit card company is booking a $336 million restructuring charge in the third quarter to cover the associated costs. Chief… Read More

 Tagged american express, amex, layoffs, spending

October 26, 2026 @ 6:28 am By Omar Faridi  |  

S&P Global Ratings has delivered a notable milestone for the UK-based digital bank Revolut by assigning it an inaugural long-term issuer credit rating of BBB+ with a Positive outlook. Issued on 22 October 2026, the assessment marks the first time a major credit agency has… Read More

 Tagged digital banks, europe, fintech, revolut, uk

October 25, 2026 @ 9:38 pm By Michael Wong  |  

TerraPay has integrated its payee verification service with JPMorgan’s Kinexys Liink network, allowing financial institutions to check bank account and digital wallet details before sending cross-border payments. The integration connects TerraPay Verify with the Confirm application on Kinexys Liink, a network used by banks and… Read More

 Tagged jpmorgan, Kinexys Liink, terrapay

October 25, 2026 @ 9:23 pm By Tony Zerucha  |  

Institutions and tokenization “Tokenization is reaching a stage where financial institutions are beginning to use it for activities that already form part of capital markets. Banks are exploring how tokenized securities can be used for financing, custody, and settlement, while issuers are paying closer attention… Read More

 Tagged asset exchanges, Brickken, Connor Howe, Edwin Mata, Enso, Lightning Stock Exchange, Mark Kepeneghian, tokenization

October 25, 2026 @ 8:14 pm By Omar Faridi  |  

Russia’s central bank digital currency has recorded rapid early adoption, with 270,000 digital ruble accounts opened by late October 2026—less than two months after its nationwide rollout. Bank of Russia Governor Elvira Nabiullina disclosed the figure during an October 23 press conference following a monetary… Read More

 Tagged cbdcs, digital currencies, digital ruble, russia

October 25, 2026 @ 8:08 pm By Omar Faridi  |  

Compensation for quantitative finance professionals has kept rising even as artificial intelligence becomes more deeply embedded in the industry, according to recent research from the CQF Institute, part of Fitch Learning. The recent research findings, drawn from the organization’s 2026 Careers Guide to Quantitative Finance,… Read More

 Tagged ai adoption, cqf institute, quants, research

October 25, 2026 @ 3:33 pm By Michael Wong  |  

British fintech Revolut is in active discussions with the Bangko Sentral ng Pilipinas (BSP) about securing a digital banking licence in the country, a senior central bank official said. Lyn I. Javier, BSP deputy governor and head of its Financial Supervision Sector, said talks with… Read More

 Tagged bangko sentral ng pilipinas, digital bank, Philippines, revolut

October 25, 2026 @ 2:48 pm By Omar Faridi  |  

Jack Dorsey’s Fintech and Bitcoin focused company Block (NYSE: XYZ) has released Dessa, a research preview of a speech model that produces conversation so lifelike it has prompted both admiration and warnings about potential misuse. The work comes from a compact internal lab that answers… Read More

 Tagged ai adoption, block, dessa, fintech, product update

October 25, 2026 @ 12:43 pm By Michael Wong  |  

SoftBank-backed OPay Limited is seeking to raise up to $336 million in a U.S. initial public offering (IPO), as the digital financial services group capitalizes on rapid growth in its payments and lending businesses. The Singapore-headquartered company plans to offer 16 million American depositary shares… Read More

 Tagged funding round, ipo, opay

October 25, 2026 @ 3:44 am By Omar Faridi  |  

The XRP Ledger (XRPL) is extending its utility well past cryptocurrency trading into institutional settlement and machine-driven commerce. Financial institutions are increasingly turning to the network for cross-currency transfers, while autonomous software agents now handle substantial volumes of automated payments. Developments involving tokenized investment vehicles,… Read More

 Tagged apis, infrastructure, ripple, xrp, xrp ledger, xrpl