Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Licence Revocation issued against Paytm Payments Bank · RBI · Apr 26, 2026
Partnership — XBO.com Partners with Bank Frick for Fiat On/Off-Ramp and Corporate Banking · Apr 29, 2026
Product — FIS Launches Lyriq Platform for Banks to Issue Tokenized Deposits · Apr 29, 2026
M&A — OppFi Acquires BNCCORP and BNC National Bank for $130M · Apr 29, 2026
Funding — Kashable Raises $60M Series C Using EQIBank's BaaS Platform · Apr 29, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Reports emerged that Amazon was planning to launch a co-branded credit card for small businesses in partnership with JPMorgan Chase. This move signaled Amazon's deepening push into embedded financial services. The initiative represented a major tech platform leveraging a bank partnership to offer financial products directly within its ecosystem.
Turkey's Ziraat Bank launched Bankkart Mobil, a proprietary mobile wallet, on March 12, 2018. The product was developed in collaboration with fintech firms VeriPark and MagiClick Digital. The launch represents a bank-fintech partnership to deliver embedded digital payments capabilities to Ziraat's customer base.
Mexico published its landmark Fintech Law on March 9, 2018, establishing a regulatory framework for crowdfunding platforms and electronic wallets. The law creates a legal foundation for embedded finance services operating through digital platforms in Mexico. It represents one of the first comprehensive fintech regulatory frameworks in Latin America.
Mastercard acquired Oltio, a South Africa-based mobile payments technology company, to accelerate digital payments adoption in the Middle East and Africa. The deal strengthens Mastercard's embedded payment capabilities and expands its infrastructure for enabling bank and fintech partners in emerging markets.
TSI Payment (Transaction Services International) launched a white-label digital wallet and payment account management program customizable for banks, merchants, retailers, and mobile operators. The solution supports card payments, PayPal, SEPA transfers, and cash methods, positioning TSI as a dedicated fintech infrastructure partner for seamless embedded payment services.
Korea Financial Telecommunications and Clearings Institute (KFTC) launched a secure OTP authentication service built with Trustonic and Mirae Technology. KDB Bank integrated the solution first, with availability extended to other Korean financial institutions. The service used Trustonic's Secured Platform technology embedded in over 2 billion devices.
solarisBank, a Berlin-based Banking-as-a-Service platform, raised €56.6 million in Series B funding in March 2018. Investors included VISA, BBVA, ABN Amro, and Lakestar. The round underscored growing institutional interest in BaaS infrastructure enabling fintechs, corporates, and banks to embed financial services via APIs.
Standard Chartered established SC Ventures, a new business unit dedicated to investing in fintechs, sponsoring ventures, and driving digital innovation. The unit focuses on distributed ledger technology, payments, and other emerging areas. It builds on prior fintech proofs-of-concept conducted by the bank.
Finastra released Fusion Teller, a browser-based banking platform with packaged common services and pre-integration for Finastra's core banking systems. The platform modernized teller operations by moving to a web-based interface. It was designed to reduce integration complexity for banks adopting Finastra's infrastructure.
Nordic Capital fund acquired a majority share of Trustly, a Swedish open banking payments fintech that enables direct bank-to-bank transactions for merchants and platforms. The acquisition positions Trustly for accelerated growth in embedded account-to-account payments across Europe.
Betterment Holdings and The Bancorp Inc. announced the continuation of their partnership, with The Bancorp serving as Betterment's payment processing partner since 2013. The Bancorp provides BaaS-like sponsor bank services including ACH origination and prepaid card issuance for non-bank financial companies. The renewal underscores the importance of sponsor bank relationships in enabling fintech platforms.
Genesis Financial, Inc. announced the launch of its Epoint program, an integrated suite of embedded financial services delivered through partnerships with regulated U.S. banks. The program bundles secure debit cards for retail and online purchases targeting U.S. and Latin American markets. The company was finalizing agreements with several U.S. banks at the time of its SEC filing.
RecargaPay, a Brazilian fintech banking platform offering mobile payments and prepaid card infrastructure with API integrations, raised $22 million in Series B funding. Investors included IFC (World Bank Group), TheVentureCity, Ventech, DN Capital, FJ Labs, and over 100 angel investors. The round supports expansion of banking-like services for underserved users in Latin America.
Investcorp partnered with Bahrain FinTech Bay to build infrastructure supporting fintech API development in the MENA region. The collaboration aims to accelerate fintech innovation and ecosystem growth in Bahrain. This partnership signals growing institutional support for embedded finance infrastructure in the Middle East.
The Monetary Authority of Singapore (MAS) and the Government of Maharashtra signed a Memorandum of Understanding for closer fintech cooperation. The agreement aims to facilitate cross-border collaboration on fintech innovation, potentially including banking and financial services technology. It reflects growing international regulatory interest in supporting fintech-bank ecosystems.
Genesis Financial, Inc. completed a Capital Stock Exchange Agreement with EPOINT Payment Corp. and a Membership Interest Exchange Agreement with Fintech Holdings LLC. The transaction was structured as a reverse business combination under ASC 805. EPOINT also signed a Membership Interest Purchase Agreement for SmartPay Leasing LLC valued at $48.5 million in cash plus assumed liabilities.
Cardlytics, a data-driven marketing fintech, went public on NASDAQ (CDLX) by issuing 5.4 million shares. The company's Purchase Intelligence platform enables advertising within banking environments. CEO highlighted the IPO as a means to strengthen existing bank partnerships that power its embedded analytics offering.
YapStone, a payments platform for marketplaces, raised $71 million in Series C funding led by Premji Invest with participation from Mastercard. The round supports YapStone's embedded payments infrastructure for marketplace and platform businesses. Mastercard's involvement signals growing card network interest in embedded finance distribution.
Visa and digital banking fintech Revolut partnered on prepaid Visa card issuance in the UK. The deal enabled Revolut to offer Visa-branded prepaid cards to its growing customer base. This partnership represents an embedded finance model where a card network enables a fintech's consumer-facing banking products.
Radius Bank partnered with NYC-based fintech Mantl to launch a new digital account opening platform. The collaboration aimed to modernize the bank's onboarding process for new customers. This represents an early example of a community bank leveraging fintech infrastructure to compete with larger digital-first institutions.
Mastercard expanded its Engage platform to enable technology integrations for issuers, merchants, and IoT device manufacturers. The platform supports capabilities including digital wallets, tokenization, instant payouts, and mobile POS solutions. This expansion strengthens Mastercard's role as an embedded payments infrastructure provider.
ABN AMRO Clearing Bank collaborated with fintech firm Nxchange to develop a blockchain-based alternative to traditional escrow accounts. Nxchange launched the solution in February 2018. The product leveraged distributed ledger technology to provide a more efficient and transparent escrow process.
The Office of the Comptroller of the Currency outlined how it would evaluate fintech companies applying for a special purpose national bank charter. This signaled the agency's openness to considering fintech charter applications and established criteria for future applicants. The move was a key step in the U.S. regulatory framework for fintech banking.
The Basel Committee on Banking Supervision published 'Sound Practices: Implications of Fintech Developments for Banks and Bank Supervisors.' The guidance addresses risks and opportunities from bank-fintech partnerships and technology adoption. It sets expectations for how supervisors should approach fintech-related activities at banks.