Latest news and stories about banking in technology in Portugal for expats and residents.
Portuguese authorities have launched 34 criminal investigations into suspected money laundering activities linked to the financial technology platform Wise.
Bison Bank has launched the first Portuguese stablecoin, the Bison Bank Electronic Money Token, designed to streamline international transfers and payments within a closed banking ecosystem using euro and dollar pegs.
Cybersecurity incidents surged from 2,000 in 2023 to over 61,000 last year, with 48,000 passwords compromised, largely due to enhanced automated detection systems.
Administrator and member of the executive committee of Millennium bcp, with a long career in the sector dedicated to digital transformation, Maria José Campos is the latest guest in a series of interviews with digital leaders.
The central banks of Portugal and Spain are convening the leading financial institutions from both nations to hold discussions on the implementation of a digital euro and the role of artificial intelligence in the sector.
Mythos' ability to detect vulnerabilities has put the banking system on alert. The supervisor in Portugal is monitoring the situation.
The two countries are promoting the use of digital currencies as a means to lower transaction fees and speed up cross-border financial settlements.
The digital yuan, the world's first state-backed digital currency, already has an ecosystem capable of supporting online and offline payments, smart contracts, and “greater regulatory transparency”.
The Portuguese central bank has expressed concerns regarding the impact of new artificial intelligence technologies on the stability and public trust in the banking sector.
Banco do Brasil has launched a digital account in Portugal, currently available to existing clients, with plans to open it to the general public soon. The service offers features such as euro and dollar accounts, international transfers, and debit cards, leveraging the bank's digital expertise to facilitate financial operations between Brazil and Europe.
The central bank of Portugal is taking part in the testing phase for the implementation of a digital currency.
The central bank faces increased regulatory challenges due to rising fraud, the digital transformation of the financial sector, and the emergence of new business models.
A generation was moved when the astronaut switched off Hal in Stanley Kubrick's 2001: A Space Odyssey. While the scene was dramatic, the film—a collaboration with Arthur C. Clarke—offered a glimpse into a future where AI controls our lives. Today, operating systems manage everything from finance and infrastructure to our personal choices and political views. With the Bank of Portugal now meeting with major banks to discuss urgent measures against AI-driven cyberattacks, it is clear that we are no longer safe and it is too late to switch the machine off.
There is a world scaring international banking. Anthropic has designed a cybersecurity model with unpredictable capabilities, but Europe is in the dark. The ECB has been warning the sector.
Mastercard conducted the first real transaction with an AI (artificial intelligence) agent in Portugal on Tuesday, using “credentials from a Portuguese card”. The event coincided with the presentation of its The post Mastercard completes first ‘real-world AI agent transaction’ in Portugal appeared first on Portugal Resident.
Mastercard has successfully processed its first payment transaction using an autonomous AI agent within the Portuguese market.
Paulo Raposo stated that Portuguese cards are “all prepared to enter the 'agentic' era.”
CEO of Banco CTT since 2025, Francisco Barbeira has been involved in banking for almost 30 years, a sector where he has steered numerous technological transformations. He is a guest in a series of interviews with digital leaders.
Revolut has reached over 600 million euros in deposits in the Portuguese market and is introducing new savings features for joint accounts and young users.
PagBrasil is introducing a new payment method in Portugal, allowing users to pay with Pix through the MB Way platform.
PagBrasil, a technology company specializing in online payment solutions, is expanding into Europe with its new product, RoamingPay. The service connects regional payment systems via QR codes, allowing Brazilians in Portugal to pay using Pix or their Brazilian banking apps even at merchants that only accept MB Way or local multibanco. The company aims to reach ten countries by 2026, with Portugal as its primary European market, expecting to process over 500 million euros this year through the platform.
The General Manager for the Portuguese market states that Portugal is experiencing significant growth for the fintech company Revolut.
Covered by these agreements are the standards of the European Card Payment Cooperation (ECPC), which includes SIBS MB, Nexo Standards, and the Berlin Group.
Home Business Bison Bank doubles result and strengthens its position in banking-digital convergence Bison Bank doubles result and strengthens its position in banking-digital convergence Recently, Bison Bank announced its 2025 results, marking the strongest performance in its history, with recurri
With the ambition of exceeding 700,000 active customers by 2028, ActivoBank has expanded its reach into media such as television and radio. However, Andreia Teixeira, the institution's marketing director, clarifies that digital remains the core. “Our entire operation and strategy is frequently...”
Banco do Brasil has been selected as one of the final participants for the seventh edition of the Portugal FinLab programme.
The European Central Bank (ECB) will host a high-level meeting with risk officers from Eurozone banks to discuss the cybersecurity implications of Claude Mythos, Anthropic's new AI model, according to Bloomberg. The meeting scheduled by the European supervisor is expected to take place later this week.
The owner of Multibanco and MBWay, in cooperation with four other private European entities, has concluded a 'proof of concept' for a solution to challenge Visa and Mastercard and get ahead of the digital euro.
Investors in Portugal remain constrained by low interest rates and money that earns little to nothing in traditional banks. Trade Republic aims to change this landscape by emphasizing the importance of capital market investment. Pablo López Gil-Albarellos, country manager for Portugal and Spain, notes that while there is a culture of saving in Portugal, there is a lack of an investment culture. Data shows that despite high deposit volumes, returns remain minimal, prompting younger investors to turn toward ETFs and stocks like Nvidia, Apple, and Amazon to seek better long-term growth.
