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.
MainStreet Bank launched Avenu, its SaaS embedded banking solution, with SafariPay as its first fintech client. Avenu connects fintechs directly to the bank as a sponsor, enabling embedded financial services. The launch marks MainStreet Bank's formal entry into the BaaS space with proprietary technology.
Marqeta highlighted customers Extend and Financeit as showcases for its modern card issuing platform at scale. The partnerships demonstrate customized payment cards and embedded finance in retail, leveraging Marqeta's open APIs for flexible transaction authorization and settlement.
SBS launched a modular, real-time, cloud-native core banking platform delivered as SaaS. The system supports deposits, payments, lending, compliance, and regulatory reporting with AI integration. Its open architecture enables front-to-back banking capabilities for institutions seeking composable BaaS infrastructure.
Bank of Hawaii announced a partnership with Greenlight Financial Technology, a fintech focused on teaching financial literacy to young people through a parent-guided app. The partnership allows Bank of Hawaii to offer embedded financial education and youth banking features to its customer base. This reflects a growing trend of traditional banks partnering with fintechs to reach younger demographics.
Indian fintech unicorn Slice received Reserve Bank of India approval to merge with North East Small Finance Bank, creating a combined digital-first banking entity. The deal is one of the rarest instances of a fintech acquiring a banking license through merger in India. At least $125 million in new investor commitments followed the announcement.
Stitch, a South African fintech payments infrastructure provider, raised $25 million in Series A funding led by Ribbit Capital. The company evolved from a bank-to-bank payments platform into a full payment service provider with API gateways. Stitch projected processing over 50 million transactions worth $2 billion in total payment volume for the year.
JPMorgan Chase partnered with payroll fintech Gusto to embed payroll services into Chase Payment Solutions for small and medium-sized businesses. Clients can now access banking, payments, and payroll through a single sign-in on chase.com. The integration allows businesses to run payroll, calculate taxes, and create paystubs without leaving the Chase platform.
Neobank Mercury terminated its contract with BaaS middleware provider Synapse, triggering layoffs at Synapse. The move reflects a broader industry trend of mature fintechs seeking direct bank relationships to reduce intermediary layers. This signals growing challenges for middleware-dependent BaaS models amid regulatory pressure.
Pathward and TabaPay expanded their existing partnership to enhance faster money movement solutions for fintech and merchant partners. Building on their initial 2020 collaboration, the deepened relationship enables push and pull payment capabilities through TabaPay's platform. This creates a more complete end-to-end Banking-as-a-Service offering for Pathward's ecosystem.
Finzly, a payments infrastructure fintech that serves banks, raised $10 million in Series A funding. The company provides modern payment rails and banking infrastructure technology. The raise signals continued investor interest in BaaS-adjacent payments infrastructure.
Stearns Bank N.A. partnered with FinTech Automation (FTA) to enhance bank sponsorship and correspondence banking via FTA's Infrastructure-as-a-Service platform. The partnership enables fintechs to integrate seamlessly and launch financial services efficiently. FTA CEO David Joon Park highlighted the growth opportunity for both fintechs and banks.
Stripe embedded account-to-account (A2A) payments into its checkout flow through a partnership with open banking provider TrueLayer. The integration enables merchants using Stripe to accept direct bank payments alongside traditional card payments. This aligns with the broader embedded finance trend projected to exceed $7 trillion by 2026.
Fifth Third Bank launched Newline™, a bank-agnostic embedded payments platform targeting property management companies. The solution enables property managers to handle cash flows from multiple properties via a single digital interface. It integrates wire transfers, ACH, and other payments directly through Fifth Third's APIs without middleware.
Treasury Prime released product updates to its dashboard and bank console in October 2023, enhancing its embedded banking infrastructure. The updates improve tools used by partner banks and fintechs to manage embedded finance programs. Treasury Prime serves as a key BaaS middleware layer connecting banks with fintech platforms.
Envestnet launched an embedded investment solution enabling banks and credit unions to offer investing within their banking apps. The platform leverages Envestnet's SEC-registered RIA and custodian DriveWealth. Central Trust Bank was announced as the first client, integrating the solution into mobile and online banking.
The American Fintech Council announced a major membership expansion that includes multiple Banking-as-a-Service banks such as Evolve Bank & Trust, Portage Bank, and Customers Bank. The expansion signals broader industry consolidation around responsible fintech-bank partnerships. The AFC's growing membership reflects increased institutional engagement with BaaS governance and standards.
Upvest and BlackRock announced a partnership to make investing more accessible across Europe. BlackRock's asset management expertise combines with Upvest's investment API infrastructure to enable banks, wealth managers, and fintechs to build modern investment experiences. The collaboration allows partners to launch investment products in months rather than years.
As of October 2023, the OCC had not approved any de novo bank charter applications from fintech companies since Acting Comptroller Hsu took office. More than half of fintechs that filed since 2017 withdrew their applications. This regulatory freeze has pushed fintechs toward acquiring existing banks rather than building new ones.
Oracle's NetSuite launched NetSuite Capital, an embedded finance service that accelerates payments for businesses directly within the NetSuite ERP platform. The service is powered by fintech firm Raistone. It enables SMEs to access faster payment options without leaving their accounting workflow.
Family finance app Zeta was highlighted for its embedded finance growth leveraging Treasury Prime's Banking-as-a-Service platform. Since 2021, Zeta has offered checking accounts, ACH transfers, and debit cards through the partnership. The case study illustrates how consumer fintechs use BaaS infrastructure to embed banking services.
PortX, a financial integration platform enabling open banking for community banks and credit unions, raised $16.5 million in a Series B round co-led by FUSE and Curql. The investment will accelerate AI tools, data automation, and fintech connectors for smaller financial institutions.
Finology, an APAC embedded finance provider, completed a pre-Series A round led by Silverlake Group with participation from The Hive Southeast Asia and MTDC. The funding will scale its API-powered lending and insurance products targeting underbanked populations. The amount was undisclosed.
Credibly partnered with Green Dot to offer embedded banking services to small and medium-sized businesses through Green Dot's BaaS platform. The partnership simplifies account setup, cash flow management, and capital access for Credibly's SMB customers.
Mastercard's Lighthouse FINITIV program launched its Fall 2023 cohort with 15 fintech startups from the Nordics and Baltics. The program fosters bank-fintech partnerships across financial literacy, e-commerce payments, blockchain, fraud prevention, and personal finance.