Ripple received final OCC approval on Oct 26, 2026 to charter Ripple National Trust Bank (RNTB), a federally supervised national trust bank. RNTB will manage segregated reserves for RLUSD, act as collateral trustee, and offer fiduciary digital asset custody. Conditional approval had been granted in Dec 2025.
Entities: Ripple · Ripple National Trust Bank · Office of the Comptroller of the Currency (OCC)
BOB AI Holdings Corp., a Miami-based fintech, raised $5.5 million in seed funding to build an AI-powered banking platform for small businesses. The company positions itself as an "AI finance employee" for SMBs. The round was announced on Oct 23, 2026.
Tech Mahindra and Mastercard announced a partnership on Oct 26, 2026, to embed virtual-card and payment capabilities into ERP and procurement platforms. The integration covers API-led payment automation, real-time reconciliation, and fraud controls within existing enterprise workflows.
Mastercard and BVNK launched a global payments platform enabling banks and fintechs to process both fiat and stablecoin transactions. The platform combines Mastercard's payment network with BVNK's stablecoin infrastructure. Financial terms were not disclosed.
Brim Financial announced a partnership with Manulife Bank to transition and modernize the bank's credit card portfolio. Brim's platform covers card issuing, processing, servicing, loyalty campaigns, and customer engagement. The deployment embeds credit and payments capabilities within Manulife Bank's digital ecosystem.
Tech Mahindra acquired Finastra's cash-management product suite on Oct 23, 2026. The deal covers Fusion Cash Management, Fusion Virtual Accounts and Fusion Liquidity Management, along with related IP and API capabilities. Experienced product engineering and customer success staff will transfer to Tech Mahindra.
The National Bank of Cambodia and the Bank of Central African States signed an MoU on Oct 22, 2026, to cooperate on fintech and innovation. The agreement covers experience sharing, information exchange, and financial inclusion. Periodic meetings will track implementation.
Entities: National Bank of Cambodia · Bank of Central African States
Euronet and Fireblocks extended their partnership into card issuing on Oct 23, 2026. Banks and fintechs can now launch stablecoin-funded card programmes on Euronet's Ren and CoreCard platforms, with Fireblocks providing embedded wallet infrastructure. The service will be offered as a white-label capability.
C-DAC and Bank of India signed an MoU on Oct 22, 2026, to collaborate on quantum technology, AI, blockchain, and cybersecurity for banking. The agreement covers joint research, pilot projects, and training programmes. C-DAC operates under India's Ministry of Electronics and Information Technology.
Sezzle submitted applications to the OCC for a national bank charter and to the FDIC for deposit insurance. The proposed Sezzle Bank, N.A. would offer insured deposit accounts, checking and savings products, and credit products. Sezzle also plans to apply to become a bank holding company.
CapitalOS closed a $21.9 million Series A on Oct 21, 2026, led by LGVP. WEX Venture Capital, Group11, Great North Ventures, Night Capital, and existing investors also participated. The San Francisco-based company provides embedded credit cards, bill pay, and wallets for B2B software platforms.
Entities: CapitalOS · LGVP · WEX Venture Capital · Group11 · Great North Ventures · Night Capital
Greenlight announced on Oct 22, 2026, that its family banking integration is now accessible through Jack Henry's Banno digital banking platform. Community banks and credit unions using Banno can offer co-branded Greenlight tools to account holders. Greenlight partners with more than 230 financial institutions.
Tala partnered with El Dorado to embed USDT-denominated credit directly in El Dorado's digital wallet, launching first in Bolivia. Tala provides the capital, underwrites borrowers, and carries the credit risk. El Dorado supplies distribution and its existing customer base.
Network International launched Slice, a credit-card installment product, for Emirates NBD cardholders on Aug 17, 2026. The solution lets customers split purchases starting at AED 100 into four or eight monthly installments at zero cost. Merchants gain a new checkout option with no redirects or added steps.
Entities: Emirates Islamic · Network International
Coast raised $35 million in growth equity on Oct 22, 2026. Thomvest Ventures led the round, joined by Intuit Ventures, Small World Capital, Alpha Square Group, and existing backers. Proceeds will fund AI-powered expense automation, new bill pay products, and embedded partnerships with fleet and field-service platforms.
Entities: Coast · Thomvest Ventures · Intuit Ventures · Small World Capital · Alpha Square Group
Lloyds partnered with BankiFi to launch a free Making Tax Digital tool for UK small businesses. Powered by BankiFi's platform, the tool lets sole traders and landlords keep digital records and submit quarterly updates to HMRC within the Lloyds Business Account. No subscription fee applies.
Revolut received conditional approval from the OCC on Sep 3, 2026, to form a U.S. national bank. The company still needs FDIC, Federal Reserve, and final OCC approvals before launch. Revolut targets a 2027 opening for the proposed bank.
Modern Treasury applied to establish a national trust bank with the OCC. The filing places the payment operations fintech among a wave of firms seeking federal trust charters. A charter would let the company offer fiduciary and custody services under direct federal supervision.
Meow raised $31.6 million in a Series B round led by Stifel, with participation from Archetype. Total funding now exceeds $60 million. Stifel will offer a white-label version of Meow's platform to its commercial banking clients, starting with venture and fund banking.
Hyperlayer raised £19.5 million from existing investors on Oct 21, 2026, bringing total funding to £50 million since October 2025. The round backs the UK programmable-banking company's accelerating growth. It marks the second raise in 12 months.
Mural closed a $15 million Series A led by Tether, with North Island Ventures also participating. Total funding reached $28 million. The capital will support global expansion and investment in regulatory and payments infrastructure for fintechs and platforms.
DRB expanded its sponsor banking product portfolio to include card issuing, acquiring, and real-time payment rails such as RTP and FedNow. The bank reported 8x growth in loan originations over the past two years. New fintech partners include Taekus, ClarityPay, and VIVA Finance.
finmid raised €17 million led by Big Pi Ventures, with Mainset co-investing and Earlybird following on. Total funding now stands at €52 million. The round coincides with two new programme launches: multi-year vehicle financing with Bolt and merchant lending with Skroutz.
Entities: finmid · Big Pi Ventures · Main Set · Earlybird · Wolt · Delivery Hero
The Bancorp launched Finetics, a bank-led embedded finance platform for nonbank companies. The product consolidates the bank's BaaS capabilities into a single branded offering. Details on pricing and launch partners were not disclosed.