Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Charter Denial issued against Bunq · OCC · Aug 8, 2026
Partnership — Nayax Applies for Connecticut Innovation Bank Charter · Aug 8, 2026
Product — Galaxy Macau and Ant Bank Macao Launch In-Resort Financial Services Station · Aug 7, 2026
M&A — Backbase Acquires Kasisto to Add Agentic AI to Its Banking OS · Aug 7, 2026
Funding — Monument Technology Raises Over £18M in Seed Funding for BaaS · Aug 7, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Apple Pay launched in the Philippines on Aug 04, 2026, with support from Chinabank, GoTyme Bank, Metrobank, and UnionBank. Cardholders can pay in stores, in apps, and on the web using iPhone, Apple Watch, iPad, and Mac.
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.
Zaria Systems filed an application with the OCC on Aug 5, 2026, to charter Zaria National Trust Bank, a special-purpose national bank limited to trust company operations. The proposed bank would serve structured finance and digital asset-backed lending markets from Jackson, Wyoming.
GetVantage closed a Rs 63 crore Series A1 round to scale its MSME lending platform in India. The B2B fintech company plans to expand its technology infrastructure for small business financing. Financial terms beyond the round size were not disclosed.
Visa launched USDC settlement in the United States on Dec. 16, 2025, allowing U.S. issuer and acquirer partners to settle in Circle's USDC over the Solana blockchain. Cross River Bank and Lead Bank are the initial banking participants. Visa's stablecoin settlement volume has reached a $3.5 billion annualized run rate.
Pathward N.A. and TabaPay extended their partnership through 2031. The expanded agreement adds lending disbursements, cross-border money movement, and preferred account funding. Pathward also provides acquiring sponsorship and credit sponsorship for TabaPay's money movement use cases.