Revolut’s expansion into UK consumer lending is facing closer regulatory scrutiny. The Financial Times reported on October 27, 2026, that the Bank of England’s Prudential Regulation Authority had ordered a Section 166 skilled-person review of the bank’s product approval processes and internal risk governance. The review comes as Revolut offers unsecured personal loans and prepares to introduce a domestic credit card, with mortgages planned later. Revolut UK CEO Francesca Carlesi has said the bank intends to package and sell loans through securitisation rather than retain substantial long-term credit exposure. Revolut is targeting a loan-to-deposit ratio of roughly 6%, far below the roughly 100% typical of incumbent British high-street banks. The strategy could support lending growth while limiting loans held on its balance sheet, but it does not eliminate credit risk. S&P Global has cited the possibility of higher credit losses as Revolut expands lending across multiple jurisdictions.

Sumitomo Mitsui Banking Corporation (SMBC) and Ant International signed a memorandum of understanding on October 26, 2026, to explore cross-border payments and digital treasury services. Their initial focus is Japan, Singapore and wider Southeast Asia. Engineering teams will examine whether Ant International’s Whale RTP platform can be integrated with SMBC’s institutional transaction banking and digital asset platforms. The agreement is exploratory, not the launch of a live settlement service. SMBC’s multi-market transaction banking rails are expected to support operations involving Ant International’s Alipay+, Antom and WorldFirst businesses. Ant International says its Whale platform processed more than US$600 billion in global treasury flows in 2025, with over 95% of transactions settling on the same day. Those figures describe the existing platform, not activity under the SMBC agreement. The MoU follows separate tokenized-deposit work involving Ant International and other banks, including a live OCBC solution and an HSBC pilot.

Tech Mahindra and Finastra announced on October 23, 2026, that Tech Mahindra had completed its acquisition of Finastra’s cash management products and related intellectual property. The deal moves Tech Mahindra beyond implementing banking software for clients and into owning transaction banking products. Financial terms were not disclosed. The acquired portfolio includes Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, along with CashPlus, Global CashPlus and associated transaction banking APIs. Finastra product engineering and customer success personnel are being moved into Tech Mahindra’s banking, financial services and insurance division. Tech Mahindra plans to integrate the products into its existing Finastra Centre of Excellence to maintain service continuity for banking clients. The acquisition follows Tech Mahindra’s earlier purchase of an 85% stake in Canadian fintech Avant Techno Solutions and comes as Finastra divests businesses to concentrate on lending and payments software.

Tech Mahindra announced on October 23, 2026, that it had completed its acquisition of Finastra’s Cash Management product suite. The deal brings Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management into Tech Mahindra’s banking, financial services and insurance portfolio. It also transfers intellectual property associated with CashPlus, Global CashPlus, transaction reporting, cash-flow forecasting and treasury APIs. Neither company disclosed the financial terms. The purchase changes Tech Mahindra’s position in corporate banking technology from an implementation and services partner to an owner of software intellectual property. The companies already had a relationship: Tech Mahindra agreed in August 2024 to become Finastra’s exclusive global implementation partner for the Cash Management platform and operates a dedicated Finastra Centre of Excellence. Finastra product engineering and customer success personnel are transitioning to Tech Mahindra to support existing clients. The deal also follows divestitures of other Finastra businesses by its private equity owner, Vista Equity Partners.

Mural has raised $15 million in Series A financing, bringing its total funding to $28 million. The company provides payment infrastructure that connects traditional banking and blockchain rails while managing the financial licenses, partner bank relationships and local settlement integrations behind them. Since launching its API in 2025, Mural says it has processed $2.1 billion in payments across 128 countries. The company plans to place more engineers directly with enterprise clients to address jurisdiction-specific regulatory and banking requirements. Its platform also uses a policy and compliance engine to apply controls such as approved counterparty lists, transfer caps and additional approvals for large transactions. Mural counts Deel, Opera and Axexo among its enterprise clients. The financing comes as research cited in the verified data points to substantial stablecoin payment activity, although the available figures measure different periods and types of flows. Mural did not disclose a valuation for the round.

CRB Group, the parent of Cross River Bank, agreed on October 20, 2026, to acquire Accrue, a fintech focused on merchant-branded digital wallets and customer loyalty. Accrue founder and CEO Michael Hershfield and his team are expected to join Cross River to lead its embedded wallet and loyalty offerings when the deal closes. Financial terms and a completion date have not been disclosed, and the transaction remains subject to customary closing conditions. The companies already had a banking relationship: Cross River held deposited funds and issued Visa debit cards for Accrue programs. The acquisition would bring Accrue’s wallet capabilities into that existing arrangement. Closed-loop wallets can keep payments and refunds within a merchant’s branded balance, offering an alternative to routing every transaction through card networks. The deal also illustrates why embedded finance providers are looking beyond payment-processing margins toward wallet software and stored-value services, though the companies have not disclosed the acquisition’s expected financial impact.