Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Fine issued against Barclays · UK Payment Systems Regulator (PSR) · Jun 11, 2026
Partnership — Thredd and Sutton Bank Partner to Power U.S. Card Program Expansion · Jun 17, 2026
Product — Finmid and myPOS Launch Embedded Working Capital Finance for 90,000 Italian Merchants · Jun 16, 2026
M&A — Temenos Acquires Additiv to Add Embedded Wealth Orchestration · Jun 16, 2026
Funding — Interchecks Raises $50 Million Series C for Instant Payments Platform · Jun 17, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Modak, a family financial literacy fintech, announced Legend Bank, N.A. as its new BaaS sponsor bank, effective June 2025. Legend Bank provides the regulated banking infrastructure behind Modak's parent accounts and youth debit card program. The Texas-based community bank, with over $1.1 billion in assets, supports fintechs through its embedded banking solutions division.
Erebor, the digital bank backed by Palmer Luckey, had not received OCC approval as of August 7, 2025, despite submitting its application in June 2025 with expectations of approval by late 2025. Industry experts suggested the timeline was unrealistically optimistic, noting that bank charter approvals typically take a year or longer.
FinWise Bank highlighted its expanding relationship with Plannery, which evolved from a single lending sponsorship into a multi-pronged partnership spanning lending, payments, and capital services. The partnership exemplifies FinWise's fintech offering across its lending sponsorship, credit enhancement, BIN sponsorship, and payments programs.
Moka United selected Algbra Labs to introduce its digital banking brand RUUT to the UK market, targeting the Turkish diaspora. The partnership aims to deliver a fully operational platform within six months.
Treasury Prime introduced Prime Banking and Prime Analytics, embedded banking platforms for banks and fintechs. These products enable branded digital banking experiences with front-end customization and real-time reporting capabilities.
Grasshopper Bank partnered with Narmi to launch the first US Model Context Protocol (MCP) server for business clients. The integration enables AI-driven insights via Anthropic's Claude for business banking customers. Beta rollout is underway with full expansion planned for Q4 2025.
LendAPI joined the American Fintech Council after launching infrastructure-first embedded finance capabilities. The company offers modular APIs for lending, banking, and digital wallet solutions aimed at scaling integrated financial products.
Diebold Nixdorf is collaborating with the European Central Bank as one of 70 private sector contributors to its digital euro innovation platform. The partnership integrates Diebold Nixdorf's Vynamic Transaction Middleware with digital euro interfaces. This cloud-native payments processing solution enables banks to rapidly support new services like card transactions and instant payments on a platform basis.
Fifth Third Bank launched Newline by Fifth Third, an embedded finance banking interface platform enabling businesses to access deposit products and advanced embedded finance technology via APIs. The launch positions Fifth Third as a direct competitor in the BaaS space, allowing non-financial companies to integrate regulated banking services into their platforms.
Wix launched Wix Checking and Wix Capital, embedded financial tools for small businesses on its platform. Wix Checking offers a free business checking account with debit card and real-time insights, powered by Lincoln Savings Bank. Wix Capital provides merchant cash advances.
Uptex Bank in Oman integrated Tuum's core banking platform to support digital wallet and multi-currency payment services. The platform is planned to launch within months, marking Tuum's expansion into the MENA region.
Wing Bank launched a numberless 'One Card' in Cambodia using Compass Plus Technologies' TranzAxis solution and Mastercard's network. The card provides both debit and credit access on a single card. This embedded card product targets the Cambodian market with a modern, security-focused design.
J.P. Morgan Payments launched a Supply Chain Finance solution integrated with Oracle Fusion Cloud. The offering features integrated banking connectivity, AI-driven expense submission, and an integrated virtual card for B2B payments. The partnership aims to streamline business-to-business payments within Oracle's enterprise ecosystem.
PNC Bank announced the integration of its PINACLE Connect® embedded banking platform with Oracle Fusion Cloud ERP. The partnership allows PNC's corporate and commercial banking clients to access treasury services, payments, and account reconciliation directly within Oracle's cloud environment. This eliminates the need for clients to switch between multiple platforms.
Intellect Design Arena launched its eMACH.ai platform for South African banks and financial institutions. The platform provides composable microservices and AI capabilities for transaction banking, cash management, and payments. The launch bolsters Intellect's commitment to the South African financial services market.
Berlin-based Credibur raised $2.2 million in pre-seed funding to build its API-and-AI-first infrastructure platform for managing private credit facilities. The round was led by Redstone with participation from MS&AD Ventures and Inovia. The platform automates debt facilities between non-bank lenders and institutional capital providers, replacing manual processes with modular API-driven infrastructure.
Circle, Ripple, Wise, and Erebor Bank submitted federal national bank or trust charter applications to the OCC. Trust charters limit activities to non-deposit and non-lending functions, while Erebor seeks a full-service charter with FDIC insurance. The filings reflect growing fintech demand for direct banking authority.
Unit announced ready-to-launch white-label embedded capital, banking, and bill pay products designed for SaaS platforms. The solutions enable companies to deploy a full money dashboard in as little as three weeks with minimal coding. Unit reports it has already enabled 50,000 businesses to access better financial services through its platform.
Greece-based Natech Banking Solutions secured €28.1 million in Series B funding, comprising €22.1 million in equity and €5.9 million in low-interest debt. The company provides modular, cloud-native core banking, BaaS, and embedded finance solutions. The round will support Natech's fintech growth across these categories.
Branch added Lead Bank as a new strategic banking partner and card issuing sponsor for its workforce payments platform. Lead Bank, a state-chartered FDIC member bank with a BaaS platform, will support Branch's digital banking accounts, debit cards, and white-label payment products. The partnership enables Branch to scale across hospitality, gig platforms, staffing, construction, logistics, and agriculture.
Stripe acquired Orum, an API-based payments orchestration platform, in an undisclosed deal during July 2025. Orum's infrastructure connects businesses to multiple U.S. payment rails including FedACH, FedNow, FedWire, RTP, and Same Day ACH. The acquisition strengthens Stripe's instant payment capabilities and multi-rail access for embedded finance use cases.
Stripe received approval from the Georgia Department of Banking and Finance for a Merchant Acquirer Limited-Purpose Bank (MALPB) charter. This enables Stripe to process Visa and Mastercard transactions directly without a sponsor bank. It is only the third such charter granted, following Fiserv and Shift4.
Card issuing platform Highnote partnered with stablecoin infrastructure provider BVNK to enable 24/7 card program funding using stablecoins. The partnership allows card program managers to fund their programs around the clock, removing traditional banking hour limitations. This represents an emerging intersection of crypto-native infrastructure and embedded card issuing.
Vantage Bank launched Vantage Collabs, an embedded banking line built on Infinant's Interlace platform. The offering will serve fintech brands, payment infrastructure providers, and other financial institutions. Banks maintain operational and regulatory control through the cloud-based platform, reflecting a bank-led approach to BaaS.