Airwallex is strengthening its UK base
Hey Digital Banking Fanatic!
Airwallex is stepping up its presence in London as it continues to expand across Europe.
The Australian-founded FinTech is strengthening its UK presence, with CEO and co-founder Jack Zhang and CFO Pranav Sood both based in the city. The company is also hiring for more than 50 London roles, including senior positions in risk, financial crime and strategy.
The expansion comes as Airwallex explores new opportunities in Europe, including its push into agentic business accounts. London’s growing role in the company’s operations reflects its ambitions in the region as it continues to build out its team and capabilities.
And with Airwallex continuing to grow, let’s also take a look at how digital bank stocks performed last week.
Here’s what else is happening in digital banking today👇
See you tomorrow!
Cheers,
HOW DIGITAL BANKING PERFORMED LAST WEEK
📈 How did Digital Banks' stocks perform last week? Let's find out:
NEWS
🇬🇧 Airwallex strengthens its London presence as geopolitical tensions rise. The Australian founded FinTech renamed its UK company Airwallex Global, creating a global financial holdings company in London. CEO Jack Zhang and CFO Pranav Sood are based in London, where the company is hiring for more than 50 roles.
🇺🇸 Revolut CEO Nik Storonsky targets JPMorgan Chase and American Express in the US. The FinTech is positioning itself to compete with established US financial institutions, while Storonsky favors a primary US listing if the company goes public. He has previously indicated that an IPO would not take place before 2028.
🇮🇹 Revolut passes 6 million customers in Italy, ranking as the country's third largest bank by customer count behind UniCredit and Intesa Sanpaolo. Under 35s make up 60% of its Italian customers, while its business customer base has reached 62,000. Credit cards and mortgages are now priorities, even as the ECB has ordered Revolut to slow new product launches.
🌍 Revolut is searching for a scent branding agency to create its own fragrance. Head of global brand design Gareth Morgan invited agencies to pitch on LinkedIn. The post drew more than 300 comments in a day. Read on
🌍 Revolut appoints Ryan Brosnahan as New Zealand CEO and Piotr Bednarski and Radek Pluhar to its European Supervisory Council. Brosnahan, a former ANZ and Bendigo executive, will lead Revolut's New Zealand operations as it pursues local bank registration. Bednarski and Pluhar join Revolut Bank UAB's Supervisory Council to strengthen oversight of its European banking business.
🇩🇪 Crédit Agricole launches Crédit Agricole Deutschland, a new digital first universal bank for German retail customers. The bank will open to the public at the end of October 2026, backed by 20 branches and 600 Creditplus employees in major cities.
🇭🇰 Ping An Digital Bank enters Hong Kong's private funds market. The Lufax subsidiary now offers private funds to professional investors. It includes semi-liquid products with JP Morgan Asset Management and Aberdeen Investments.
🇦🇷 Argentine FinTech Cocos launches Cocos Crypto, a standalone app to buy, sell, store, send and pay with crypto. The split lets Cocos add deposits, accounts and credit as it becomes a bank after acquiring Banco Voii.
🇪🇺 BNY expands its Digital Asset Custody platform in the EU under MiCA. BNY becomes one of the first global systemically important banks to offer regulated digital asset custody in the region. Its European entity joined the ESMA MiCA register in July 2026, supporting assets including BTC, ETH, SOL and USDC.
🌎 Gennius brings stablecoin and digital asset services powered by Coinbase to banks across Latin America. Banks will be able to offer stablecoin payments, custody and trading through the banking platforms they already run. Continue reading
🇸🇬 UOB and AWS sign an MoU to explore AI driven banking across ASEAN. The companies will explore a dedicated cloud environment in Singapore under a hybrid infrastructure model for UOB's five ASEAN markets. Initial focus areas include hybrid cloud architecture, data analytics and AI powered customer engagement.
🇺🇸 nCino partners with Parlay to power AI-native SBA lending nationwide. The integration combines AI-driven borrower intake and loan application processing with nCino's banking platform, helping lenders reduce manual work, accelerate SBA loan origination and improve the borrower experience.
🇪🇸 CaixaBank expands its strategic collaboration with Google Cloud, extending the alliance formed in 2023 until 2033. The bank will deploy Gemini Enterprise to build AI agents that automate routine tasks and summarize complex financial information.
🇧🇭 Tarabut signs a memorandum of understanding with Khaleeji Bank, to explore open banking solutions and enhanced digital financial services. The collaboration aims to improve access to Sharia-compliant banking services and develop more seamless digital experiences for customers in Bahrain.
🇺🇸 Veriv acquires bankVOD to unify financial verification. The deal combines bankVOD's two decades of banking relationships with Veriv's technology to streamline income, employment and asset verification across lending, auditing and government services. The network spans over 70 countries. Financial terms were not disclosed.
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