Registry — Vantage Bank Texas (US) added to the registry
Enforcement — Proposed Rule issued against N/A — Industry Rulemaking · OCC · Jul 24, 2026
Partnership — Flex Files for Utah Industrial Bank Charter with FDIC · Jul 25, 2026
Product — KamelPay Launches AbsoluteCard Corporate Payments Platform in UAE · Jul 24, 2026
M&A — Monext Acquires French Payments Firm Alcinéo to Control Value Chain · Jul 19, 2026
Funding — Parafin Closes $300M Forward-Flow Deal to Expand Embedded Finance Lending · Jul 23, 2026
Deal Feed
Partnerships, funding rounds, product launches, and M&A across the ecosystem.
Flexible Finance, Inc. ("Flex") filed applications with the FDIC and the Utah Department of Financial Institutions to charter Flex Bank as a Utah state-chartered industrial bank. The proposed subsidiary would be FDIC-insured. Flex has processed more than $40 billion in rent for over 3.2 million renters since 2019.
Tabby received a consumer finance licence and an SME finance licence from the Saudi Central Bank (SAMA) on Jun 29, 2026. The consumer licence allows extended payment plans up to SAR 50,000 over 12 months. The SME licence lets Tabby provide working capital to retailers on its platform.
The Office of the Comptroller of the Currency denied Wise Group's application for a U.S. national trust bank charter. Wise said the decision does not affect normal operations. The company plans to submit a new application reflecting changes to its business and OCC feedback.
Visa and Lianlian DigiTech completed the first live B2B agentic transaction using Lianlian's LoopXPay AI agent on Jul 24, 2026. The agent sourced a product sample, compared suppliers, placed an order, and executed payment in a single automated workflow. LoopXPay has been registered in Visa's Agentic Directory.
KamelPay launched AbsoluteCard on Jul 16, 2026, a corporate payments platform powered by Mastercard and issued by Mawarid Finance. The product bundles virtual IBANs, corporate cards and real-time spend controls for UAE businesses. KamelPay also holds in-principle approval from the Central Bank of the UAE.
The OCC granted preliminary conditional approval on Feb 12, 2026, for Bridge National Trust Bank, a de novo national trust bank in New York. Bridge Ventures LLC, a wholly owned subsidiary of Stripe, Inc., will own the bank. The bank plans to issue USD-denominated stablecoins and provide digital asset custody services.
Circle signed MOUs with Kakao Group and Toss Bank on Jul 23, 2026, to explore USDC stablecoin payments and cross-border settlement in South Korea. The agreements cover blockchain infrastructure integration with existing banking and payments platforms. No launch dates or financial terms were disclosed.
Manifest launched the Manifest Business Debit Mastercard on Jul 23, 2026. The card runs on Mastercard's network and bundles payments, banking and financial tools for creator-led businesses. It targets creator entrepreneurs who need unified cash management and growth capabilities.
On Jul 22, 2026, BVNKROLL announced a partnership to integrate its embedded banking and payments platform into AXES.ai's Intelligent Management System. BVNKROLL is a Nevada-based payments infrastructure company backed by GBank Financial Holdings through a 32.99% non-voting equity stake in co-owner BankCard Services.
Parafin closed a $300 million forward-flow facility with a New York-based alternative asset manager. The deal expands funding capacity for its embedded lending, BNPL, and credit card products. Parafin has now funded over 50,000 businesses through its platform.
ITFC signed a $100 million syndicated Islamic trade finance facility with JSCB Hamkor Bank in Uzbekistan. It is the largest standalone Islamic trade finance facility extended to an Uzbek bank. The facility targets SME support, women's entrepreneurship, green finance, and food security.
On Jul 23, 2026, Dyad and Imperial PFS (IPFS) launched embedded premium finance and digital payment capabilities within the ALIS DX platform. Insurance professionals can now access financing and payment workflows directly inside their existing software. Financial terms were not disclosed.
TerraPay launched Xend, a payments interoperability network, on Nov. 24, 2025. Xend connects wallet users to 11,500 banks via Swift and 150 million merchant acceptance locations. The network is already live with over 200 million wallet users across existing global wallet providers.
Bank of Maldives selected Finastra Essence to modernize its core banking operations. The platform will support both conventional and Islamic banking services. The announcement was made on Jul 21, 2026, from Finastra's London office.
zerohash and Marqeta announced a partnership on Jul 22, 2026, integrating zerohash's stablecoin infrastructure into Marqeta's card issuing platform. The deal lets Marqeta customers embed stablecoin payments into financial products without rebuilding core systems. Financial terms were not disclosed.
SkipCash announced an investment from Qatar International Islamic Bank (QIIB). The funding will support SkipCash's growth and expand its digital payment solutions across Qatar and the GCC. Financial terms were not disclosed.
Mitrade, an Asia-based FX and CFD trading platform, partnered with Volt to deliver instant SEPA deposits and real-time payouts to EU clients. The integration uses Volt's account-to-account payment rails. The deal was announced on Jul 21, 2026.
Samsung Electronics America launched the Samsung Galaxy Card, a Visa credit card embedded directly in Samsung Wallet. It is the company's first credit card product in the U.S. market. The card carries no annual fee and offers 5% cash back on Samsung purchases online or in-store.
OneSource Virtual launched OneSource Virtual Trust Bank, N.A. (OSVTB), a federally chartered national trust bank regulated by the OCC. The charter took effect on Jul 01, 2026. OSVTB handles funds OSV manages on behalf of customers through its HR and payments services for the Workday ecosystem.
Natural raised $30M in a Series A led by Forerunner's Kirsten Green, bringing total funding past $40M. The San Francisco company is building payments infrastructure for AI agents. Six products reached general availability on Jul 20, 2026, with seven more planned through Q4.
K-Bank signed an MOU with BPMG and HashKey Global on Jul 21, 2026, to cooperate on blockchain-based overseas remittance and payments. The partners plan a proof-of-concept for a Korea-Hong Kong remittance corridor. Cooperation also covers digital asset custody, conversion, and settlement technology.
Fiserv announced on Jul 21, 2026, that it will serve as the exclusive embedded financial services and payments provider for Datavault AI. The arrangement covers Datavault AI's platform and its NIL Exchange. Fiserv will deliver the capabilities through its Embedded Finance platform.
Rezolve Ai partnered with Zilch to embed its agentic commerce infrastructure into Zilch's payments platform via its Reward product. The integration brings personalised retailer engagement from hundreds of UK retailers to Zilch's nearly 6 million customers. Financial terms were not disclosed.
Fina, the fintech arm of Saudi-based SILQ, secured a SAR 282 million ($75 million) Shariah-compliant facility from London-based Fasanara Capital on Jul 20, 2026. The funding will scale Fina's embedded financing for Saudi SMEs. Fina integrates working capital into merchants' digital workflows.