Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Termination of Enforcement Action issued against Deutsche Bank AG, DB USA Corporation, and Deutsche Bank AG New York Branch · Federal Reserve · Aug 25, 2026
Partnership — Revolut Japan Partners with Minna no Ginko via BaaS Banking Agency Agreement · Aug 25, 2026
Product — Absa Develops Embedded Payment Tool for Township Small Businesses · Aug 22, 2026
M&A — I-Remit Approves P20 Million Capital Infusion Into Surepay Technologies · Aug 22, 2026
Funding — Startup Embedd Raises Pre-Seed Investment Round · Aug 25, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Banglalink, VEON's Bangladesh subsidiary, received a Payment Service Provider licence from Bangladesh Bank on Aug 12, 2026. The licence authorizes the telecom operator to launch digital payment services under the brand Mukto Pay. Banglalink targets a commercial launch in September 2026.
MVB Bank selected Bretton AI to deliver AI-native managed services for anti-money laundering transaction monitoring and know-your-customer operations. A dedicated US-based Bretton AI team will handle alerts and enhanced due diligence under MVB's policies. Pricing is tied to completed work rather than analyst hours.
UnionPay International signed an MoU with Al Etihad Payments on Jul 21, 2026, to enable global acceptance of Jaywan cards through UPI rails. A pilot phase will begin in mainland China before expanding to other markets.
Royal Bank of Canada and BMO agreed to sell Moneris Solutions, their jointly owned payments firm, to Francisco Partners for roughly C$2 billion. Both banks will keep commercial ties through exclusive, long-term referral arrangements. The deal ends a 25-year bank-owned joint venture.
The People's Bank of China authorized Deutsche Bank to serve as the renminbi clearing bank in Frankfurt. Deutsche Bank became the first European bank to hold this designation. The role covers RMB clearing and settlement services for European financial institutions and corporate clients.
Fairstone Bank of Canada and Best Buy Canada renewed their exclusive point-of-sale financing partnership on Aug 11, 2026. The deal extends Fairstone's embedded lending presence across Best Buy's retail and online channels. Financing is delivered through Fairstone Financial Inc., a Fairstone Bank subsidiary.
Vietcombank partnered with Virtusa to build VCB Corporate DigiBank, a greenfield corporate banking platform. The project kicked off on Jul 30, 2026 in Hanoi. Initial phases cover account management and payments, with lending and trade finance to follow.
RBI Governor Sanjay Malhotra announced on Aug 11, 2026, that the central bank will provide banks with a Digital Payment Intelligence Platform to combat fraud. The platform will use AI and machine learning to identify fraudulent transactions. Malhotra stressed that human oversight must accompany AI adoption.
Katapult Holdings completed its all-stock merger with The Aaron's Company and CCF Holdings on Aug 11, 2026. The combined entity serves nonprime consumers through lease-to-own and alternative finance products. It generated more than $4 billion in 2025 pro forma revenue.
BYLD Finance selected ChargeAfter's embedded lending platform to power its expansion into consumer point-of-sale financing for specialty equipment retailers. The integration enables a multi-lender waterfall system at checkout. Stitch It International is the first retailer to deploy the offering.
Revolut secured a French banking licence on Aug 10, 2026, broadening its European regulatory footprint beyond its existing Lithuanian licence. The company plans to hire more than 600 staff across Western Europe, including 400 in France. Paris will serve as Revolut's Western Europe headquarters.
Federal Bank partnered with M2P and MinkasuPay to launch biometric authentication for e-commerce card transactions in India. The solution replaces OTP-based verification with biometric methods for online purchases. Federal Bank calls it the first implementation of its kind in the country.
Paxos Trust Company received conditional approval from the OCC on Dec 12, 2025 to convert from a New York state trust company to an uninsured national trust bank. The bank will operate as Paxos Trust Company, National Association, under Charter Number 25379.
Parafin announced a new credit facility on Jun 17, 2026, led by Goldman Sachs alongside One William Street Capital Management. The facility expands Parafin's capacity to fund embedded lending products offered through platforms such as Amazon, DoorDash, and Walmart. Financial terms were not disclosed.
Ramp raised $750 million in a Series F round at a $44 billion valuation on Jun 04, 2026. ICONIQ, GIC, and Ontario Teachers' Pension Plan led the round. Goldman Sachs Alternatives, D.E. Shaw, and Morgan Stanley were among new investors.
A U.S. banking regulator rejected Bunq BV's application to operate as a national bank. The Dutch fintech had submitted its charter request at the beginning of the year. The denial blocks Bunq's planned direct entry into the U.S. banking market.
Nayax applied to establish Nayax America Bank under Connecticut's Innovation Bank framework. The proposed non-depository institution would be headquartered in Fairfield County. Separately, Nayax launched Yellow Account, a deposit service for US business customers with Adyen as sponsoring bank.
Sionic and Agentix announced a partnership on Aug 6, 2026, to connect AI shopping agents with instant bank-to-bank payments. Sionic provides real-time bank payment infrastructure, while Agentix makes merchant inventories discoverable and transactable by AI agents. Financial terms were not disclosed.
Monument Technology raised over £18 million in seed funding, as reported on Jun 17, 2026. The round is one of the larger seed investments in the European BaaS infrastructure space. The company builds "bank in a box" technology for financial institutions.
GO Telecom Group launched digital lending services in Saudi Arabia on Aug 6, 2026, powered by Temenos Core and Digital for Retail Banking. The offering, branded GO Money, covers retail and micro-financing with Sharia-compliant products. Ejada served as the delivery partner for implementation.
CIMB Niaga and Ajaib Group announced a partnership on Aug 7, 2026, to integrate investment services into CIMB Niaga's OCTO mobile banking app. Customers can open Ajaib accounts and customer fund accounts (RDN) directly through OCTO. The deal gives Ajaib access to more than 3.8 million OCTO users.
Klarna submitted applications to the Utah Department of Financial Institutions and the FDIC on Jul 6, 2026, to establish Klarna Bank USA as a Utah-chartered industrial bank. If approved, the entity would be a wholly owned subsidiary of Klarna Inc., with FDIC insurance.
Augustus, formerly known as Ivy, received conditional approval from the OCC on May 11, 2026, to charter Augustus Bank, N.A. as a full-service U.S. national bank. The bank will focus on clearing for global financial institutions. Co-founder Ferdinand Dabitz, 25, will serve as CEO.
Western Union partnered with stablecoin infrastructure provider Rain to launch Stablecard by Western Union, a digital wallet and stablecoin-backed Visa credit card. The product is available across 37 markets and lets users hold, transfer, and spend assets denominated in USDPT, Western Union's dollar-pegged stablecoin.