iBerotech

Quantum computing is moving from hype to genuine impact, as demonstrated by Crédit Agricole CIB, Multiverse Computing, and Pasqal. Their proof-of-concept projects address creditworthiness prediction and derivative pricing using advanced algorithms and neutral atom hardware. By leveraging partial differential equations, high-dimensional stochastic modeling, and neural networks, the teams show that quantum and quantum-inspired technologies can deliver tangible business advantages today. This breakthrough relies on combining quantum calculations with classical computing, harnessing the power of tensor networks for accelerated training. These projects highlight real-world progress and truly underscore the potential of quantum computing to reshape the future of finance and beyond. Read full article by Michel Kurek, CEO Multiverse Computing, France (link in the comments).

VeriFactu in Spain: Latest deadlines and business Implications Spain’s VeriFactu system, launched under Royal Decree 1007/2023 (published December 6, 2023), is reshaping invoicing practices as part of the Anti-Fraud Law’s push against tax evasion. This system mandates that businesses and self-employed professionals use certified software to generate verifiable invoices, submitted directly to the Spanish Tax Agency (AEAT). While the original deadline for taxpayers was July 1, 2025, recent updates signal a delay, giving companies more time to prepare. Here’s the latest breakdown for staying ahead. VeriFactu requires invoicing systems to produce secure, standardised records, typically in XML format, with details like issuer and recipient info, invoice numbers, dates, amounts, and a unique system code. These must be instantly accessible to the AEAT. Initially, software developers had until July 29, 2025 (nine months after Order HAC/1177/2024’s publication on October 28, 2024) to certify their systems, with businesses expected to comply by July 1, 2025. However, public consultations and technical challenges prompted a proposed extension: a) January 1, 2026 for corporate taxpayers, and b) July 1, 2026 for the self-employed. As of now, the AEAT hasn’t finalised this shift, but January 2026 is increasingly viewed as the likely start, aligning with broader e-invoicing goals. This applies to most Spanish businesses issuing invoices, except those under the Immediate Information Supply (SII) regime or certain exemptions. Tools like B2Brouter, already VeriFactu-ready, simplify compliance by automating submissions and integrating with ERPs via APIs. The AEAT’s test portal, live since October 2024, lets companies trial the system now. Preparation is critical—manual methods won’t suffice, and fines for non-compliance could hit €50,000 per fiscal year. For professionals, this evolving timeline is a strategic opportunity. Start auditing your systems, engage with vendors, and test certified solutions early. The potential delay to 2026 eases pressure, but proactive adoption positions you for efficiency gains, fraud protection, and a digitised edge. VeriFactu is a catalyst for modernising operations. With developers racing toward July 2025 and taxpayers eyeing 2026, now’s the time to act.

Madrid Nuevo Norte Moves Forward: BBVA, MERLIN Properties, and Grupo SANJOSE Finalise €1,245 Million Land Acquisition from ADIF BBVA, MERLIN Properties, and Grupo SANJOSE are on the verge of completing a landmark deal to acquire ADIF and Renfe-owned land near Chamartín Station in Madrid. This transaction will officially launch Madrid Nuevo Norte (MNN), the largest urban development project in Spain and one of the most ambitious in Europe. The deal, valued at €1,245 million, is expected to be signed before November 30. The project spans a massive 3.35 million square metres, with 2.3 million allocated to railway infrastructure. ADIF, holding 49.4% of the land, remains the principal landowner involved in this transformation. Madrid Nuevo Norte aims to redefine urban planning with its scale, connectivity, and design, showcasing Spain’s commitment to sustainable and forward-thinking city projects.

De-banking: A Critical Issue for Smaller Financial Institutions Over recent years, large correspondent banks have increasingly limited their services to smaller and mid-sized banks, citing rising regulatory demands and compliance risks. This “de-risking” trend, which picked up steam after high-profile settlements and regulatory changes, has left many smaller banks scrambling to maintain essential international payment and clearance capabilities. For these institutions, de-banking is far more than an inconvenience—it’s a disruption that drives up operational costs, restricts access to essential cross-border networks, and risks eroding customer trust. Industry surveys indicate that as many as 80% of affected institutions report rising correspondent banking fees, impacting profitability and necessitating new solutions. The Role of FX Payment Service Providers Amid these challenges, FX Payment Service Providers are stepping in to offer agile, compliant cross-border solutions tailored to the needs of smaller banks. These providers leverage specialised infrastructure and networks that replicate the capabilities of traditional correspondent banks—often with a stronger focus on cost-efficiency and compliance. As the financial landscape continues to shift, partnerships with FX Payment Service Providers offer a valuable lifeline for banks affected by de-banking, enabling them to maintain essential services and thrive in a rapidly evolving market. If you're facing similar challenges, please reach out via DM, and we’ll introduce your case to one of our trusted partners. #DeBanking #CrossBorderPayments #Fintech #FinancialSolutions #CorrespondentBanking #MorganChase #JPMorgan #FXPayments

Contrary to initial expectations, the Spanish housing market continues to thrive. Recent reports from key players in the appraisal sector, including Sociedad de Tasación and Tinsa, indicate robust growth in housing prices across Spain. While the specific figures differ slightly from those mentioned in the query, the overall trend remains positive. According to Sociedad de Tasación, the average price per square metre at the end of September stood at €1,903, reflecting a positive annual variation of 3.6%. Tinsa reports a similar trend, with a 3.1% year-on-year increase, reaching €1,804/m2. Regional variations are significant: - The Balearic Islands lead with a 6.4% increase - Madrid surpassed the €3,000 per m2 threshold for the first time since 2009, reaching €3,030 - The Balearic Islands (€2,646) overtook Catalonia (€2,609) as the second-highest average price region At the provincial level, Málaga and the Balearic Islands showed the highest growth at 6.4% each, followed by Tenerife (5.9%) and Valencia (5.7%). Looking ahead, experts predict further price increases. Solvia Real Estate forecasts an average rise of 3% in property prices for both 2024 and 2025. This sustained growth is attributed to persistent demand and limited supply in key areas.

The ???? Supreme Court has issued a landmark ruling for the real estate sector in Spain. Homeowners' associations can now prohibit tourist rentals with a three-fifths majority, eliminating the need for unanimity. This decision is not retroactive and only applies to future rentals. Property owners who violate this could face legal actions, including a ban on using the property for up to three years.

???? European markets are set for a positive opening as investors eagerly await U.S. inflation data. Economists predict a 0.1% monthly rise and 2.3% yearly increase. These figures will be crucial for the Fed's November policy decisions. Meanwhile, U.S. stock futures held steady, and Asian markets opened higher, buoyed by Wall Street's gains and optimistic Fed meeting minutes.

???? September's blockbuster jobs report signals a potential soft landing for the U.S. economy, dispelling recession fears. With 254,000 new jobs added, surpassing expectations, the labor market shows resilience. This robust growth gives the Federal Reserve flexibility in managing interest rates, paving the way for a balanced approach to economic stability and inflation control.

AEDAS Homes continues to solidifying its presence in Spain’s residential sector, with over 190 active developments, totalling 8,118 homes. Madrid leads with 2,191 units on the market. The average price of their properties is 318,000€, generating a total volume of 2.578 billion euros. Additionally, AEDAS continues to push innovation and sustainability across its projects, addressing the growing demand in key urban and coastal areas. #RealEstate #AEDASHomes #HousingMarket #Vivienda #MercadoInmobiliario #AEDASHomes #SpainInvestment

FINN is aiming to dominate the car subscription market by offering flexibility, convenience, and sustainability. With growing consumer interest in subscription services, Finn’s data-driven approach and focus on customer experience could position it ahead in this race. Success will depend on execution and staying ahead of competitors' innovations. ???? When will FINN be available in ????Spain? #MobilityServices #FINN #JoinTheMovement Jan Hansen, Maximilian Wuhr,