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.
The State Bank of Pakistan granted digital bank HugoBank approval to begin pilot operations on Aug 07, 2026. HugoBank will test its products and systems with a limited customer base before a full public launch. CEO Asim Hassan cited a focus on expanding access to digital financial services nationwide.
Backbase acquired Kasisto, a pioneer in agentic AI for banking, on Jun 23, 2026. Kasisto's platform, financial services intelligence, and New York-based team are now part of Backbase's AI-native Banking OS. The deal deepens Backbase's US footprint and adds governed, reasoning-native AI agents to its product suite.
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.
PhonePe launched a fixed deposit marketplace and a daily recurring deposit product with Shivalik Small Finance Bank on Aug 06, 2026. Users can compare and book FDs from partner banks and NBFCs, or save Rs 100 to Rs 1,000 daily via UPI Autopay. The products are fully embedded within the PhonePe app.
Nu began operations as a licensed bank in Mexico on Aug 6, 2026, completing its shift from a Sofipo. The CNBV had granted authorization less than a month earlier. Nu enters banking with over 120,000 million MXP in assets and 15 million customers.
Enterprise Bank & Trust became the first banking partner in the AppFolio Stack Marketplace on Aug 6, 2026. The integration embeds banking tools into AppFolio's property-management platform. Property managers can access Positive Pay, statements, and account balances without leaving AppFolio.
Fold Holdings (NASDAQ: FLD) selected Lead Bank, an FDIC-insured institution, as its new banking partner. Lead Bank will support Fold's accounts, deposits, withdrawals, and bitcoin trading. The partnership is intended to strengthen Fold's banking infrastructure and support expanded product development.
ABN AMRO and Mistral entered a strategic partnership on Aug 5, 2026, to develop AI tools for the bank. The deal gives ABN AMRO access to European-built AI, reducing reliance on non-European providers. Applications must meet banking standards for security, privacy, and regulatory compliance.
UW Credit Union selected DNA from Fiserv as its future core processing platform. The deal expands a broader relationship that includes a multi-year renewal covering cards, peer-to-peer payments, and account-to-account transfers. UW Credit Union serves 395,000 members from Wisconsin.
GetVantage closed a Rs 63 crore Series A1 round to scale its MSME lending platform in India. The B2B fintech company plans to expand its technology infrastructure for small business financing. Financial terms beyond the round size were not disclosed.
Pathward N.A. and TabaPay extended their partnership through 2031. The expanded agreement adds lending disbursements, cross-border money movement, and preferred account funding. Pathward also provides acquiring sponsorship and credit sponsorship for TabaPay's money movement use cases.
Remi, a cross-border settlement infrastructure company, and ruya, a digital-first Islamic bank in the UAE, have signed a non-binding MoU to explore collaboration in payments, remittances and settlement. The agreement creates a framework for both teams to evaluate joint use cases.
Zaria Systems filed an application with the OCC on Aug 5, 2026, to charter Zaria National Trust Bank, a special-purpose national bank limited to trust company operations. The proposed bank would serve structured finance and digital asset-backed lending markets from Jackson, Wyoming.
Yellow Card closed a $40 million funding round on Aug 4, 2026, with participation from SC Ventures, Sony Innovation Fund, Polychain and Blockchain Capital. The round brings the company's total funding past $120 million. Proceeds will go toward scaling its stablecoin payment rails.
Visa launched USDC settlement in the United States on Dec. 16, 2025, allowing U.S. issuer and acquirer partners to settle in Circle's USDC over the Solana blockchain. Cross River Bank and Lead Bank are the initial banking participants. Visa's stablecoin settlement volume has reached a $3.5 billion annualized run rate.
Western Union launched USDPT, a U.S. dollar-denominated payment stablecoin, on May 4, 2026. The token is issued by Anchorage Digital Bank N.A. and built on the Solana blockchain. USDPT is designed to serve as an always-on settlement asset integrated into Western Union's global payment systems.
Hiroshima Bank, a subsidiary of Hirogin Holdings, selected nCino's cloud platform as the core system for its consumer lending operations. The deal covers mortgage, apartment, and unsecured loans, replacing paper-based workflows. nCino announced the partnership on Jul 30, 2026.
Apple Pay launched in the Philippines on Aug 04, 2026, with support from Chinabank, GoTyme Bank, Metrobank, and UnionBank. Cardholders can pay in stores, in apps, and on the web using iPhone, Apple Watch, iPad, and Mac.
UniCredit partnered with Accenture and IBM on Aug 4, 2026 to build a next-generation banking technology platform. Accenture will acquire IBM's majority stake in a joint venture managing UniCredit's tech infrastructure. IBM will supply modernised platforms, including IBM Z systems, software, and consulting services.
Karnataka Bank launched KBL Finsurance, a digital insurance lead management portal, on Aug 3, 2026. The platform was built with fintech partner SprintMoney (Wildflower Business Services Pvt. Ltd.). It enables real-time lead generation, policy monitoring, and MIS reporting across the bank's branch network.
Euronet signed a CoreCard agreement with Unibanca, a bank processor in Peru. The deal was disclosed as part of Euronet's second quarter 2026 earnings on Jul 30, 2026. No financial terms were provided.
Vertical Insure secured new financing led by Updata Partners on Aug 4, 2026. The company provides embedded insurance infrastructure for vertical SaaS platforms. The funding will accelerate go-to-market execution and expansion into new markets and verticals.
Thredd and Pliant expanded their partnership to launch Pliant's commercial credit platform in the U.S., with Coastal providing bank sponsorship on the Visa network. The program lets American businesses issue commercial credit cards with real-time spend visibility. A soft rollout began in late 2025.
QI Tech partnered with Bettr, Ant International's embedded finance arm, to deliver credit products within Brazil's e-commerce market. The deal includes working capital loans for SME sellers and a BNPL option for consumers on AliExpress. Financial terms were not disclosed.