PagBank, C6 and Inter Top BC's Complaints Ranking in The Third Quarter

?? NEWS HIGHLIGHT

• Prelim integrates with Q2's digital banking platform.

Prelim has announced its integration with Q2’s Digital Banking Platform via the Q2 Partner Accelerator Program.

Q2 Holdings specializes in digital transformation solutions for financial services. This integration allows financial institutions to utilize Prelim's deposit platform in conjunction with Q2's Digital Banking Platform.

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??ARTICLE OF THE WEEK

• Swift’s annual Sibos conference took place in China for the first time this week, and with it came the usual flurry of deals and announcements.

NOW, ON TO THE SUMMARY OF LAST WEEK'S?NEWS

?? DIGITAL BANKING HIGHLIGHTS

?? With Bre-B you will move your money instantly.

?? PagBank, C6 and Inter top BC's complaints ranking in the third quarter.

?? Ualá to Make Major AI and Machine Learning Announcement Before Year-End, Says Pierpaolo Barbieri.

?? Garanti BBVA Crypto Strengthens Security with Ripple and IBM Collaboration.

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?? REGIONAL HIGHLIGHTS

UK ????

Wise Platform boosts product suite, enabling more partners to offer faster, cheaper, secure, and convenient international payments directly from their own platforms. Among the new partners are some of the world's largest digital banking platforms.

Revolut expects to hit 50 million customers soon and is planning an event to celebrate: Click here to discover more

Tide acquires payroll solution Onfolk. The acquisition enhances Tide’s mission to save time and money for its 650,000 UK members by providing essential services through the Tide app. The Onfolk team will join Tide to lead Tide Payroll as part of this deal.

Lanistar faces liquidation verdict this week. A court will soon determine whether Lanistar will face liquidation, following a winding-up petition from its landlord over unpaid rent for its London office. If Lanistar is unable to settle its debts, the court may issue a winding-up order, forcing the company into liquidation.

Pockit bolsters Monese acquisition with new board appointments: Gene Lockhart and Malcolm Le May. In a statement, Pockit says the appointments will “support management in the next phase of the company’s growth.” Continue reading?

EUROPE ????

Europe's banks under investor pressure to keep earnings growth alive. Europe's largest banks are in their healthiest state since the 2008-09 financial crisis, yet investors seek assurance regarding their long-term earnings power as interest rates fall.?

Juni strengthens collaboration with Salt Edge to provide open banking capabilities. Juni now relies on Salt Edge not only for data access but also for deploying and managing its AIS/PIS infrastructure, relieving the Juni team of the burden of building and maintaining these capabilities in-house.?

N26 is back to business in Italy, as the regulator lifts off the limit on new bank accounts opening. Previously blocked, the option to open new current accounts has been available since June, with the Bank of Italy resolution notices now removed.

Danish challenger bank Lunar says GenAI chatbot will handle 75 per cent of customer calls. Its voice assistant moves beyond traditional voice support systems by using a voice native AI model instead of the conventional voice-to-text-to-voice approach.

USA ????

Mastercard introduced a new product innovation, Mastercard Move Commercial Payments, enabling banks to facilitate near real-time, predictable and transparent commercial cross-border payments. The new solution aims to simplify operations and provide end-to-end visibility for banks and their customers, among other benefits.

Evolve Bank & Trust said Saturday (Oct. 19) that it is preparing to return funds held at Evolve to Synapse Brokerage end users impacted by the Synapse bankruptcy. To provide information on the reconciliation process and the anticipated timeline for returning funds, Evolve will launch an online resource center on Wednesday (Oct. 23), the financial services organization said in a Saturday press release.

Tuum partners with Google Cloud to deliver core banking in EMEA. This collaboration will empower financial institutions with rapid deployment capabilities, seamless integration, and cost-efficient operations, setting a new standard in the FinTech industry.

Goldman Sachs faces $???? ?????????????? in fines over Apple Card issues. Goldman Sachs will be ordered to pay tens of millions of dollars in penalties by the Consumer Financial Protection Bureau over its handling of its credit-card business, according to people familiar with the matter to The Wall Street Journal. Learn more

CFPB Orders Apple and Goldman Sachs to Pay Over $???? ?????????????? for Apple Card Failures. The Consumer Financial Protection Bureau (CFPB) took action against Apple and Goldman Sachs for customer service breakdowns and misrepresentations that impacted hundreds of thousands of Apple Card users.

Morgan Stanley expands OpenAI-powered chatbot tools to Wall Street division. The firm began rolling out a version of an AI assistant based on OpenAI’s ChatGPT, called AskResearchGPT, this summer in its institutional securities group, according to Katy Huberty, Morgan Stanley’s global director of research.

CANADA ????

Wealthsimple, the Canadian money management platform, today announced the launch of a Travel eSIM, powered by Gigs. With the introduction of a Travel eSIM, Wealthsimple follows in the footsteps of leading FinTechs like Nubank and Revolut, who launched their own travel eSIMs earlier this year.

ASIA

HALA Payments has been inducted into the Saudi Unicorns Program as it pursues global expansion and a potential IPO. This recognition highlights HALA's rapid growth, having facilitated over $7 billion in transactions since its founding in 2018.?

DBS has rolled out DBS Token Services, a suite of banking solutions that integrates tokenization and smart contract capabilities with its existing services. This offering aims to enhance transaction banking capabilities and operational efficiencies for clients.

HSBC launches Global Virtual Account Solution for E-commerce payments in EUR and GBP. The virtual account allows Chinese businesses on e-commerce platforms to receive EUR and GBP payments directly into their local bank accounts, eliminating the need for foreign accounts.