Daily brief
October 1, 2026
6 stories curated for this day.
- Absa Group has selected Thunes as a strategic Multicurrency Clearing (MCC) partner, expanding their alliance to deliver FX, scalable liquidity, and multi-rail cross-border payments clearing for Absa clients across African markets. The collaboration builds on the pair's recent launch of Absa Global Pay in South Africa, combining Absa's Pan-African banking reach with Thunes' global payment connectivity. Sources: thunes (opens in a new tab)
- Revolut has formally applied to Swiss regulator FINMA for a local banking licence, and the application is currently under review. The filing is backed by a commitment to invest more than CHF 150 million in Switzerland over five years, with 1.3 million Swiss users currently served through Lithuania-licensed Revolut Bank UAB. Sources: thefintechtimes (opens in a new tab)
- Wealth Management IQ, a research arm of Informa's Wealth Management publishing group, has released a paper, sponsored by Goldman Sachs Custody Solutions, arguing that technology and AI tools can partially offset the shortage of experienced advisors and let registered investment advisers serve more clients without proportionally increasing headcount. Sources: thefintechtimes (opens in a new tab)
- Brazilian digital banking giant Nubank has denied that it is pursuing a $10 billion takeover of Britain's Monzo. Sources: finextra (opens in a new tab)
- Revolut has expanded its RevPoints loyalty programme, adding hotel transfers directly in-app, giving customers of the global financial platform, which serves over 80 million users worldwide, a new way to use their loyalty points. Sources: finextra (opens in a new tab)
- Starling Bank has released its Easy Saver savings account, offering an industry-topping interest rate. Sources: starlingbank (opens in a new tab)