Quant Finance
Quant Finance news — Friday 02 October 2026
26 stories from 3 sources, every one in English. Each links to its publisher.
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Payments Canada approves new members
Payments Canada announced today the approval of six new members: Bounce Finance Inc. (“Bounce Pay”), Everlink Payment Services ULC (“FIS Everlink”), Nium Canada Corporation (“Nium”), Pesapeer Incorporated (“Pesa”), Remitly Canada, Inc…
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Banks Have a New Single Point of Failure: Their AI Provider
Author: A finextra community member
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Drift opens exploit recovery claims with initial payouts of just over 1% of user losses
DFX holders can cash out now or wait for more funding, with no firm timeline for full repayment.
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Paradigm-backed Layer 2 Blast to wind down network as costs exceed revenue
Ethereum L2 Blast is winding down after costs outpaced revenue. Users have until Oct. 26 to withdraw via the app.
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Nayax completes acquisition of smart parking company IPS Group
Nayax Ltd. (Nasdaq: NYAX; TASE: NYAX), a global commerce enablement, payments, and loyalty platform designed to help merchants scale their business, today announced it has completed its acquisition of IPS Group, Inc. ("IPS"), a leading…
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What Really Drives the Asset Growth Anomaly? New Evidence Points to Mispricing, Not Risk
One of the most well-documented patterns in the cross-section of stock returns is that firms with high asset growth subsequently underperform firms with low asset growth. This “asset growth anomaly” is so well established that it now sits…
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YouTuber raises $15m for Brazil's 'Cash App'
NG.Cash, the "Brazilian Cash App" founded by a former YouTuber, has raised $15 million to back its efforts to bring credit and crypto services to the country's young, unbanked population.
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How Can Digital Assets Bridge the Bank Modernisation Gap?
At Sibos 2026, Capgemini’s Gareth Wilson talks about the ongoing challenges with modernisation in banking as customer expectations, regulation and competition continue to evolve.
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BMO taps Mastercard for embedded commercial virtual card payments
BMO and Mastercard today announced the availability of a new embedded Commercial payments capability that enables eligible Corporate Card clients to initiate and manage BMO Commercial virtual card payments directly within the software…
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Bitcoin nears highest level since January as $85,000 sell wall clears, US jobs data disappoints
Bitcoin climbed back toward $87,000 on Friday as sellers cleared out around $85,000, according to Glassnode.
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InDebted names Chris McNamara CEO
InDebted, the global AI-native collections infrastructure company, today announced the appointment of Chris McNamara as Chief Executive Officer and Brendan Lee as Chief Financial Officer, both effective 1 October 2026.
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Coinpayments appoints founder Alex Alexandrov as group CEO
Coinpayments , the global digital assets payments infrastructure provider, has announced the appointment of founder Alex Alexandrov as Group CEO. Alexandrov founded the company in 2013 and has served as Chairman for much of its growth.
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BitGo CEO says Clarity’s failure left capital markets exposed to risk potentially worse than Lehman
BitGo CEO Mike Belshe warned that Clarity's failure left systemic risks arising from one firm holding exchange, brokerage, and custody functions.
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WealthAi launches AI agents to oversee client onboarding and KYC process
WealthAi, the AI operating system OS for wealth managers and advisers, has launched a new suite of AI agents designed to oversee the client onboarding and KYC process end-to-end.
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Lloyds survey reveals 71% of UK FIs believe tokenisation will reshape financial services
Lloyds' 10th annual Financial Institutions Sentiment Survey, conducted between April and May 2026, showed that 71% of the 100 senior leaders surveyed across UK banks, insurers, financial sponsors and asset and wealth managers, expect…
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Why the first finance hire at an AI startup is a permissions decision
Author: A finextra community member
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ECB outlines three models for putting central bank money onchain
The ECB outlined three models for bringing central bank money onchain as financial institutions explore settlement infrastructure.
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BMO and Mastercard enable corporate card clients to manage virtual card payments
BMO and Mastercard today announced the availability of a new embedded Commercial payments capability that enables eligible Corporate Card clients to initiate and manage BMO Commercial virtual card payments directly within the software…
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Mosaic Processing asks software platforms to examine payment costs
Mosaic Processing invites software platforms to review how payment acceptance fits into their products, customer relationships and business economics. The invitation includes booking, membership, billing, ERP and practice-management…
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Beyond JROC: How UK Banks Can Turn Smart Data into Revenue Engines
Author: A finextra community member
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Spot bitcoin ETFs log $2.7 billion in September inflows as institutional demand holds
US spot bitcoin ETFs recorded $2.65 billion in net inflows in September, their second-largest monthly inflow since October 2025.
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SEC’s innovation exemption poses constraint on bringing stock tokens to US, Robinhood crypto chief says
Robinhood's Johann Kerbrat told The Block that Robinhood is still working through the SEC's latest innovation exemption on tokenized stocks.
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Ethereum Foundation launches zkAPI to let users pay for AI models without revealing identity
Users deposit funds into an Ethereum vault and authorize spending with zero-knowledge proofs, so the API provider can't link requests to a payer.
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Barclays ramps up use of Anthropic's Claude
Barclays is extending its use of Anthropic's Claude in an effort to accelerate software development, modernise its legacy systems and boost operational efficiency.
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Monarch acquires HMBradley
Personal finance platform Monarch has acquired MBI, the digital banking fintech formerly known as HMBradley.
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Australia's WeMoney launches AI and open banking-powered lending assessment service
Australia's WeMoney has launched an AI-powered lending assessment service built on the country's Consumer Data Right.