Airwallex Takes Agentic Banking From Copilot to Execution
Hey Digital Banking Fanatic!
AI in finance has mostly been about helping you make decisions. Airwallex is now pushing that idea into something bigger: Agentic Banking.
With its new Global Agentic Business Accounts, Airwallex is giving approved AI agents the ability to actually execute financial tasks for businesses, from setting up accounts and moving money across currencies to monitoring liquidity, reconciling payments and creating cards with predefined limits.
The important part is the control layer. Agents don’t get unrestricted access to company funds. They operate within the permissions, rules and approval flows defined by the business.
That makes Agentic Banking more than another AI copilot. The shift is from AI telling you what to do to AI actually doing it, within boundaries set by humans.
And as financial operations become more automated, the other side of the equation becomes just as important: fraud is becoming more organised too. Incognia’s The Fraud Economy looks at how organised fraud networks operate, scale and adapt, and why traditional fraud detection can struggle to keep up.
Here’s what else is happening in digital banking today👇
See you tomorrow!
Cheers,
INSIGHTS
💡 Incognia: What happens when fraud starts operating like a business? In the first episode of The Fraud Economy, Dwayne Gefferie sits down with Incognia CEO André Ferraz to unpack how organised fraud networks operate, how they scale, and what makes them so difficult to detect. They also explore the people behind these operations, how different roles fit together, and why traditional approaches to fraud detection can struggle to keep up. Watch the full episode here
Fraud is Now an Industry. Here's How It Works
NEWS
🌏 Airwallex positions its business accounts as agentic infrastructure for global companies. The platform uses AI automation to provision accounts, orchestrate transfers, and optimize FX and liquidity across currencies and markets.
🇪🇪 Tuum named a Fast Follower in Everest Group's Innovation Watch: Agentic AI in Banking. The cloud-native core banking platform was assessed among 23 providers globally and positions its open, API-first architecture as giving banks access to the full AI market through one core.
🇷🇴 Revolut reaches 5 million retail customers in Romania, making it one of the company's largest European markets. The milestone comes as Revolut plans further expansion of its product offering in the country.
🌎 Prometeo launches a global trust layer for account verification across 110+ countries. The open banking infrastructure provider aims to help businesses verify bank accounts in real time, expanding beyond its Latin American roots.
🇬🇧 Zopa launches targeted investment support for customers using Invesco funds and Upvest's API. A nine-question assessment recommends a fund based on risk profile, with minimum investments starting at around GBP 1.
🇮🇹 An Italian bank reportedly loses $108M in an elaborate AI voice scam. Fraudsters allegedly used AI-generated voice cloning to impersonate executives and authorize fraudulent wire transfers, marking one of the largest deepfake losses reported.
🇦🇺 ANZ completes landmark cross-border tokenised deposit payment with Swift, BHP and Citi, settling USD payments between Melbourne and New York. ANZ is the first Australian bank to use Swift's blockchain ledger, demonstrating how shared ledger technology could support faster, seven-day processing.
🇭🇰 HSBC names its forthcoming stablecoin "HSBC RedCoin," backed by a survey showing 74% of local customers recognise at least one stablecoin use case. The phased rollout will begin with P2P and P2M payments, with 62% of respondents citing regulatory clarity as the top confidence booster.
🇬🇧 Thought Machine partners with AWS on AI-powered migration, combining AWS Transform tooling with Vault Forge to accelerate legacy banking modernisation. The joint solution can compress multi-year COBOL migration processes into days by extracting business intent rather than translating code line by line.
🇺🇸 SWIVEL taps Kinective as core connectivity partner for its real-time payments hub. The integration aims to accelerate real-time payment access for banks through Kinective's connections to 4,300+ financial institutions.
🇲🇽 Nubank names Estephany Ley as Mexico CEO as it reshuffles its leadership team. Ley's appointment signals Nubank's focus on deepening its presence in one of its key Latin American growth markets.
🇩🇰 Former Saxo Bank deputy CEO Søren Kyhl leaves his CEO role at Nordic neobank Lunar. Kyhl joined Lunar in June after a decade at Saxo Bank but stepped down citing a mismatch in leadership profile for the company's next phase.
🇳🇱 Backbase appoints Roland Booijen as CPO, Agentic Banking. The Tikkie founder and ABN AMRO alum will lead product strategy across conversational banking, relationship intelligence, and customer operations.
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