This week's top fintech stories highlight Blackcat's innovative correspondent services for regulated financial institutions, Revolut's support for the "Built in Europe" campaign to promote local tech talent, Visa's integration of AI into its payment systems, Crossmint's launch of a secure API for AI agent card payments, and Wells Fargo's CEO discussing the dual impact of AI on employment.
Blackcat's new correspondent services model for SEPA access is a critical development for fintechs facing compliance burdens with legacy BaaS structures. By providing direct SEPA access without these burdens, Blackcat is addressing a significant barrier for newer financial institutions in Europe, potentially accelerating their ability to offer instant euro payments. This could be a strategic area for partnerships or investment for those interested in European fintech infrastructure.