Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Enforcement Actions (batch release) issued against Unknown Sponsor Bank · OCC · Jun 19, 2026
Partnership — Garanti BBVA Partners with Worldline for Cloud-Based Instant Payments · Jun 20, 2026
Product — NymCard Launches nCore FullStack Payments Infrastructure Platform · Jun 19, 2026
M&A — Pollen Street Capital to Acquire Finastra's Universal Banking Business · Jun 20, 2026
Funding — Germany's Solaris Raises €96M in Series F Extension for BaaS Platform · Jun 19, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
USAA launched a limited-time pilot with veteran-focused fintech StreetShares to offer small business lending to its members. The partnership addresses unmet demand among USAA's member base for small business financial products. It represents a bank-fintech collaboration where a large financial institution embeds a fintech's lending capabilities for its customer base.
Stripe, the payments API and infrastructure provider, raised $245 million at a $20 billion valuation in a round led by Tiger Global. Participants included DST Global, Sequoia, and others. The funds will support global engineering expansion as Stripe deepens its embedded payments platform for businesses worldwide.
Stripe launched Stripe Terminal in the US, enabling online businesses to accept in-person payments through API integration. The product positioned Stripe in direct competition with Square and PayPal in the physical payments space. This represented a significant expansion of Stripe's embedded payments infrastructure beyond e-commerce.
Oracle NetSuite announced NetSuite Banking as a Service (BaaS), a cloud-based platform providing direct access to financial services. The platform aims to help businesses streamline financial operations and reduce costs by embedding banking services into their ERP workflows.
Finastra launched Fusion Essence, a cloud-based core and digital retail banking solution on Microsoft Azure, targeting UK challenger banks. The platform supports payments, lending, deposits, and regulatory reporting. It enables fast market entry and third-party integrations, serving as infrastructure for new banking entrants.
Online lender Avant rebranded its 'Powered by Avant' SaaS business unit as Amount, a white-label banking partner platform for fintechs and banks. The platform offers customizable digital lending solutions including decisioning engines, fraud prevention, risk modeling, and white-label servicing. Banks like Regions Bank and Eloan (Banco Popular) were already using the platform to deliver digital personal loans.
UK fintech Modulr opened its first office outside London in Edinburgh during Fintech Fortnight, following a £10.5m funding round. The expansion supports its embedded payments platform offering API access to Faster Payments and Open Banking. The move positions Modulr as an alternative to traditional transaction banking amid PSD2 regulatory shifts.
Nordea launched its open banking platform in Sweden, enabling third-party developers and fintechs to access banking APIs. The move positions Nordea as an early mover in PSD2-driven open banking in the Nordics. It allows fintech partners to build embedded financial services on top of Nordea's banking infrastructure.
Bloom Credit, a financial wellness platform using AI and credit analysis for consumer insights and partnerships with financial institutions, raised $3.78 million in a seed round. The round was led by Resolute Ventures with participation from Kindred Ventures, Slow Ventures, and 500 Startups FinTech Fund. The funding supports Bloom's embedded credit data infrastructure for bank and fintech integrations.
The New York Department of Financial Services filed a lawsuit against the OCC over its proposed special-purpose bank charter for fintech companies. The case challenged the authority of fintechs engaged in lending or payments to obtain a national bank charter without being depository institutions. This legal battle had significant implications for the regulatory framework surrounding BaaS and embedded finance.
Ribbit Capital, a prominent fintech investor, aimed to raise $420 million for its fifth fund, up from a prior $300 million fund. Ribbit backs key banking infrastructure players including Cross River Bank, which provides regulated banking services and loan origination for fintechs like Affirm and Upstart. The larger fund signals growing institutional interest in BaaS and banking infrastructure.
PaymentVision announced a partnership with MoneyGram to integrate payment solutions for billers and receivables management. The collaboration enables in-person cash payments at over 30,000 U.S. retail locations including Walmart and CVS. The deal aims to streamline customer payment experiences with real-time posting and reduce late fees.
Novo launched its digital business banking platform in the US, offering free checking accounts and debit cards for startups and small businesses. The service is white-labeled through a partnership with Middlesex Federal Savings and Mastercard. Novo targets underserved entrepreneurs with streamlined onboarding and integrated financial tools.
The Hong Kong Monetary Authority and the Central Bank of Brazil signed a fintech cooperation agreement to share innovation insights and referrals. The agreement supports cross-border fintech collaboration between the two jurisdictions. It reflects growing international regulatory cooperation around fintech and embedded finance innovation.
Varo Money received preliminary approval for a national bank charter, becoming one of the first US consumer fintech startups to pursue a full banking license. The company had raised $79 million in funding to support its transition. This milestone had major implications for the BaaS industry as it signaled fintechs could operate independently of partner banks.
UNCDF, Bank Negara Malaysia (BNM), and Malaysia Digital Economy Corporation (MDEC) launched the Inclusive Fintech Accelerator Program. The initiative aims to help fintech startups develop inclusive finance solutions in areas like spending, saving, and borrowing. It fosters public-private partnerships to drive financial inclusion across Malaysia.
Swedish BNPL and embedded payments fintech Klarna acquired the consumer financing arm of UK-based Close Brothers Group. The deal expands Klarna's embedded lending footprint in the UK market. This represents a fintech acquiring traditional bank-held consumer finance capabilities to bolster its embedded finance offerings.
Ebury became the first fintech company to go live with SWIFT's global payments innovation (gpi) service. This milestone extended SWIFT gpi payment benefits to consumers, NGOs, and SMEs. The integration marked a significant infrastructure development bridging traditional banking payment rails with fintech distribution.
The World Bank priced its first global blockchain bond (bond-i), raising A$110 million. The platform uses distributed ledger technology for debt issuance, allocation, transfer, and management. Commonwealth Bank of Australia arranged the transaction, demonstrating blockchain's potential in capital markets infrastructure.
Unity Bank, a US community bank, selected Finastra's Total Lending solution for commercial, consumer, and agricultural lending. The platform integrates with Unity Bank's existing Fiserv core banking system. The deal aims to streamline lending processes across multiple loan categories.
Irish digital banking technology developer Leveris received a strategic investment from Link Asset Services to enhance its core banking platform. Leveris provides modular digital banking infrastructure covering lending, deposits, and card issuance. The partnership combines Leveris's technology with Link's outsourcing expertise to serve banks and financial institutions.
US-based payment processor iPayment officially rebranded as Paysafe on August 15, 2018, following its acquisition by the Paysafe Group. The rebrand unified iPayment's merchant services under the Paysafe brand. Paysafe's broader ecosystem includes partnerships with embedded finance players such as viafintech and Solarisbank.
BMO Harris Bank launched a partnership with fintech startup SpringFour through its BMO Harris/1871 FinTech Partnership program. SpringFour's financial wellness platform was integrated into the bank's website, connecting customers facing financial difficulties with local nonprofit resources. The partnership aims to reduce delinquencies and improve customer engagement through zip code-based resource search.
The Hong Kong Monetary Authority (HKMA) published an Open API framework for the Hong Kong banking sector, establishing a phased approach for banks to share data with third-party fintech providers. The framework aimed to foster innovation in embedded finance and fintech-bank collaboration. It represented a significant regulatory push toward open banking in the APAC region.