Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Formal Agreement issued against Wells Fargo · OCC · Aug 9, 2026
Partnership — U.S. Regulator Rejects Bunq's National Bank Charter Application · Aug 9, 2026
Product — Federal Bank Launches Biometric Authentication for E-Commerce Card Payments in India · Aug 9, 2026
M&A — Backbase Acquires Kasisto to Add Agentic AI to Its Banking OS · Aug 7, 2026
Funding — Parafin Secures New Credit Facility Led by Goldman Sachs · Aug 9, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Paxos Trust Company received conditional approval from the OCC on Dec 12, 2025 to convert from a New York state trust company to an uninsured national trust bank. The bank will operate as Paxos Trust Company, National Association, under Charter Number 25379.
Ramp raised $750 million in a Series F round at a $44 billion valuation on Jun 04, 2026. ICONIQ, GIC, and Ontario Teachers' Pension Plan led the round. Goldman Sachs Alternatives, D.E. Shaw, and Morgan Stanley were among new investors.
Parafin announced a new credit facility on Jun 17, 2026, led by Goldman Sachs alongside One William Street Capital Management. The facility expands Parafin's capacity to fund embedded lending products offered through platforms such as Amazon, DoorDash, and Walmart. Financial terms were not disclosed.
Federal Bank partnered with M2P and MinkasuPay to launch biometric authentication for e-commerce card transactions in India. The solution replaces OTP-based verification with biometric methods for online purchases. Federal Bank calls it the first implementation of its kind in the country.
A U.S. banking regulator rejected Bunq BV's application to operate as a national bank. The Dutch fintech had submitted its charter request at the beginning of the year. The denial blocks Bunq's planned direct entry into the U.S. banking market.
Nayax applied to establish Nayax America Bank under Connecticut's Innovation Bank framework. The proposed non-depository institution would be headquartered in Fairfield County. Separately, Nayax launched Yellow Account, a deposit service for US business customers with Adyen as sponsoring bank.
Sionic and Agentix announced a partnership on Aug 6, 2026, to connect AI shopping agents with instant bank-to-bank payments. Sionic provides real-time bank payment infrastructure, while Agentix makes merchant inventories discoverable and transactable by AI agents. Financial terms were not disclosed.
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.
Klarna submitted applications to the Utah Department of Financial Institutions and the FDIC on Jul 6, 2026, to establish Klarna Bank USA as a Utah-chartered industrial bank. If approved, the entity would be a wholly owned subsidiary of Klarna Inc., with FDIC insurance.
Augustus, formerly known as Ivy, received conditional approval from the OCC on May 11, 2026, to charter Augustus Bank, N.A. as a full-service U.S. national bank. The bank will focus on clearing for global financial institutions. Co-founder Ferdinand Dabitz, 25, will serve as CEO.
Monument Technology raised over £18 million in seed funding, as reported on Jun 17, 2026. The round is one of the larger seed investments in the European BaaS infrastructure space. The company builds "bank in a box" technology for financial institutions.
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.
Galaxy Macau and Ant Bank (Macao) opened a jointly developed Financial Services Station on Aug 7, 2026, at the Galaxy Macau resort. The station embeds self-service banking, interactive displays, and financial consultation services inside a hospitality venue. It also integrates an upcoming Galaxy membership program.
CIMB Niaga and Ajaib Group announced a partnership on Aug 7, 2026, to integrate investment services into CIMB Niaga's OCTO mobile banking app. Customers can open Ajaib accounts and customer fund accounts (RDN) directly through OCTO. The deal gives Ajaib access to more than 3.8 million OCTO users.
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.
GO Telecom Group launched digital lending services in Saudi Arabia on Aug 6, 2026, powered by Temenos Core and Digital for Retail Banking. The offering, branded GO Money, covers retail and micro-financing with Sharia-compliant products. Ejada served as the delivery partner for implementation.
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.
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.
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.
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.
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.
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.
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.
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.