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.
Ntropy launched its beta in November 2020, offering banking data categorization APIs to fintechs and banks. The product entered production with over 15 companies, providing transaction enrichment capabilities. This supports the embedded finance ecosystem by enabling better data intelligence for financial service providers.
The OCC finalized its true lender rule establishing that a national bank is the true lender when it is named as lender in the loan agreement or funds the loan. The rule clarifies the legal framework for bank-fintech lending partnerships, removing a key source of regulatory uncertainty. This paves the way for expanded bank-fintech collaboration in lending and BNPL.
Wise (formerly TransferWise) raised an additional $12 million to double down on embedded business banking via partnerships with marketplaces and platforms. The funding supports expansion of services including holding funds, transfers, debit/virtual cards, and payments with easy integration and KYC handling. This signals Wise's strategic shift toward becoming embedded finance infrastructure.
Paynetics and phyre launched the B@CB Pay digital wallet platform for Bulgarian American Credit Bank (BACB). The platform supports Tap to Pay, P2P transactions, and bank transfers, with planned additions including lending and business accounts. This represents an embedded finance partnership enabling a traditional bank to offer modern digital wallet capabilities.
The Office of the Comptroller of the Currency granted SoFi preliminary conditional approval for a national bank charter on October 28, 2020. SoFi had applied in July 2020 and still required additional approvals from the Federal Reserve and FDIC. The charter would allow SoFi to operate under unified federal regulations rather than a patchwork of state requirements, positioning it to compete more directly with traditional banks.
Visa agreed to acquire YellowPepper, a Latin American digital financial solutions provider serving 50 clients and 5 million users. The deal builds on Visa's 2018 investment in YellowPepper. It strengthens Visa's embedded finance and digital payments capabilities across the LATAM region.
Temenos launched Transact Data Hub, a real-time SaaS data platform for core banking with API access. The embedded platform enables banks and fintechs to access and leverage banking data in real time. This product strengthens Temenos' position as infrastructure for BaaS and embedded finance implementations.
First Horizon Bank migrated its digital banking to the NCR D3 platform hosted on AWS, modernizing consumer and business digital experiences. The cloud-hosted platform upgrade represents a bank-fintech infrastructure partnership to enhance digital capabilities. This move positions First Horizon for improved digital customer engagement.
A Philadelphia-based SPAC merged with Billtrust, a New Jersey-based B2B payments software company, with SPAC investors owning 17% of the combined entity. The deal provides Billtrust with growth capital to expand its accounts receivable automation and payments platform. It reflects the SPAC boom enabling fintech companies to access public markets.
Stripe acquired Nigerian payment gateway Paystack for over $200 million to expand its payments infrastructure across Africa. The deal represents one of the largest fintech acquisitions on the continent. It signals Stripe's strategy to embed its payment services in fast-growing African markets.
Utimaco and BPC expanded their partnership to deliver secure cloud-based As-a-Service payment solutions using BPC's SmartVista platform and Utimaco's hardware security modules (HSMs). The collaboration supports PSD2 and open banking requirements. This enables banks and fintechs to deploy white-label payment infrastructure more rapidly in the cloud.
Apiture raised $20 million in funding backed by T. Rowe Price Associates and Pinnacle Bank. The investment will accelerate development of its API-first, cloud-native platforms Apiture Xpress and Apiture Open. Apiture serves over 400 U.S. financial institutions with digital banking experience tools.
Alkami, a digital banking solutions provider, acquired ACH Alert, a payments fraud prevention technology company. The deal integrates real-time ACH approval and check positive pay services into Alkami's platform. This strengthens fraud prevention capabilities for the banks and credit unions Alkami serves.
Comviva rebranded its flagship digital financial services platform from mobiquity Money to mobiquity Pay. The cloud-native, microservices-based platform serves as middleware with open APIs supporting over 1,000 integrations for banking and fintech partners. It processes $130B in annual transactions across 50+ countries, serving 120M consumers including banked and unbanked users.
Step officially launched its no-fee banking app for teens and families on October 2, 2020. The app provides FDIC-insured bank accounts and Visa cards through partner Evolve Bank & Trust. The launch followed a pilot with over 100,000 users, positioning Step as a major entrant in the teen banking segment.
Alkami Technology, a cloud-based digital banking solutions provider, closed a $140 million funding round led by D1 Capital Partners with participation from Fidelity and others. The investment targets digital banking infrastructure expansion. Alkami is a key provider of cloud-native banking platforms for financial institutions.
Westpac launched a cloud-native banking-as-a-service platform in October 2020, with Afterpay as its inaugural partner. The platform enables fintechs to offer embedded transaction accounts, savings accounts, and cashflow tools under Westpac's banking license. Afterpay planned to roll out these services to its 3.3 million Australian customers by Q2 2021.
Noyo raised $12.5 million in a Series A round to develop APIs supporting the full insurance lifecycle, from quotes to enrollment. The platform provides embedded insurance infrastructure for fintechs and businesses. This funding reflects growing investment in API-driven embedded finance beyond traditional banking products.
JPMorgan Chase launched QuickAccept, a payment acceptance product enabling easy merchant onboarding similar to Stripe's model. The product allows small businesses to accept card payments quickly through Chase's ecosystem. It represents a major bank's move into embedded, payfac-style payment services.
Bloom Credit raised $13 million in a Series A round to expand its API that connects businesses with U.S. credit bureaus. The platform enables fintechs and financial institutions to integrate credit data into their products. This investment supports critical embedded finance infrastructure for lending and credit products.
Standard Chartered's nexus Banking-as-a-Service platform partnered with Indonesian e-commerce platform Sociolla to co-create financial products including savings accounts, loans, and credit cards. The products will be offered under Sociolla's brand, targeting Indonesia's large unbanked population. This is nexus's second Indonesian partnership, expanding Standard Chartered's embedded finance footprint in a high-growth e-commerce market.
Myanmar's state-owned Myanma Foreign Trade Bank (MFTB) selected Intellect Design Arena to provide a scalable digital core banking platform with a 'one middleware' approach. ACE Data Systems will serve as the implementation partner. The deal aims to modernize MFTB's banking infrastructure with API integration capabilities and streamlined operations.
TONIK, the first pure-play licensed digital bank in Southeast Asia, launched its core banking capabilities powered by Finastra's technology to serve the Philippines' 70% unbanked population. The partnership aims to attract over a million customers within five years. This represents a significant embedded finance initiative for financial inclusion in APAC.
Volante Technologies partnered with Goldman Sachs to power its new Transaction Banking Platform, launched September 23, 2020. The cloud-native, API-enabled platform offers payments processing (U.S. wires, ACH, SWIFT), virtual accounts, liquidity management, and FX. Volante itself became a client of the platform, underscoring the depth of the partnership.