Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Guidance issued against Unknown Sponsor Bank · FCCPC · Jul 20, 2026
Partnership — TD Bank Signs Master Services Agreement with Trust Science for AI Auto Lending · Jul 20, 2026
Product — Always.bank Launches Full Digital Business Banking Suite Across the US · Jul 20, 2026
M&A — Monext Acquires French Payments Firm Alcinéo to Control Value Chain · Jul 19, 2026
Funding — Fina Secures SAR 282M Facility to Scale Embedded Financing for Saudi SMEs · Jul 20, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Argentina's Banco Masventas partnered with fintech Bitex to enable customers to send international transfers using Bitcoin as an alternative to SWIFT. This marked the first domestic bank in Argentina to adopt Bitcoin for cross-border payments, reducing costs and enhancing digital banking services.
The U.S. Office of the Comptroller of the Currency decided to grant special purpose national bank charters to fintech companies, enabling them to operate nationwide. The decision faced immediate legal challenges from state banking regulators who argued the OCC exceeded its statutory authority. This represented a landmark moment for the BaaS and embedded finance landscape in the United States.
Saxo Bank announced a partnership with Microsoft to migrate its trading and investment platform to the Microsoft Cloud. Saxo Bank operates a white-label banking-as-a-service model supporting over 120 partnerships globally. The cloud migration aims to enhance scalability and performance for Saxo's BaaS partners, providing access to over 35,000 financial instruments.
Swedish fintech Tink launched an API platform enabling developers to access financial data from banks for account aggregation and categorization. The platform allows third parties to build applications on top of bank data, facilitating early embedded finance use cases across Europe.
OCBC Bank became the first bank in Singapore to enable instant digital card issuance and provisioning to Apple Pay via its mobile app. The service covers both Visa credit and debit cards, allowing customers to use newly issued cards immediately through Apple Pay. OCBC described the experience as 'embedded and frictionless' digital banking.
Solarisbank (now Solaris) received full banking license approval from BaFin and the European Central Bank, making it one of the first digital Banking-as-a-Service platforms to obtain such a charter in Germany. Founded in March 2016, the company secured the license just nine months after filing its application. The approval enabled Solarisbank to rapidly connect partners to its payment, lending, and digital banking APIs.
Moorwand, an FCA-regulated Electronic Money Institution, obtained its license in April 2018 and began offering BIN sponsorship, digital banking (BaaS), and compliance services to fintechs. The launch positioned Moorwand as a sponsor-like entity enabling fintechs to access payment infrastructure without obtaining their own banking licenses.
Fiserv introduced a white-label developer portal enabling banks to engage third-party providers under open banking regulations. The portal includes tools like FinKit for authentication and consent management. This positions Fiserv as an infrastructure provider helping banks comply with PSD2 and open banking mandates while enabling fintech partnerships.
Equistone Partners acquired a majority stake in Small World, a cross-border payment provider. The deal supports Small World's growth in international money transfers, an area increasingly integrated into embedded finance offerings by banks and fintechs.
Cross River Bank was highlighted by Wharton Finance as a key banking-as-a-platform infrastructure provider for fintechs. The state-chartered bank offers API-driven services enabling fintech partners to leverage scalable banking infrastructure. This model allows fintechs to focus on innovation without building proprietary banking systems.
UK-based BaaS and payments provider Contis entered a landmark partnership with fintech Wirex to enable everyday spending of converted cryptocurrencies. Virtual Visa cards launched on March 20, 2018, with physical cards expected by mid-May. Contis provides the banking infrastructure and Visa sponsorship, while Wirex handles the crypto-to-fiat conversion and customer-facing product.
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.
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.
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.
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.