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Registry — Vantage Bank Texas (US) added to the registry Enforcement — Fine issued against Dinosaur Merchant Bank Limited · FCA · Mar 24, 2026 Partnership — efood Partners with finmid to Launch Embedded Lending for Greek Restaurants · Apr 4, 2026 Product — SoFi Launches Enterprise Banking Program With Crypto-Native Infrastructure · Apr 3, 2026 M&A — Catalyst Takes Ownership Stake in Neural Payments · Apr 3, 2026 Funding — Cross River Bank Raises $50M Equity to Scale Embedded Finance Platform · Apr 1, 2026 Registry — Vantage Bank Texas (US) added to the registry Enforcement — Fine issued against Dinosaur Merchant Bank Limited · FCA · Mar 24, 2026 Partnership — efood Partners with finmid to Launch Embedded Lending for Greek Restaurants · Apr 4, 2026 Product — SoFi Launches Enterprise Banking Program With Crypto-Native Infrastructure · Apr 3, 2026 M&A — Catalyst Takes Ownership Stake in Neural Payments · Apr 3, 2026 Funding — Cross River Bank Raises $50M Equity to Scale Embedded Finance Platform · Apr 1, 2026

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Thought Machine Raises $83M Series B for Cloud-Native Core Banking

UK-based BaaS provider Thought Machine raised $83 million in a Series B round led by Draper Esprit. Existing investors Lloyds Banking Group, IQ Capital, Playfair Capital, and Backed also participated. The funding supports global expansion including a new US office and entry into North America, Australia, and Japan.

Lloyds Banking Group Explores Thought Machine's Cloud-Native Core Banking Platform

Lloyds Banking Group began exploring Thought Machine's cloud-native Vault core banking platform as part of a broader technology transformation. IBM serves as the global implementation partner for the deployment. The initiative aims to replace legacy core banking infrastructure with modern cloud-based systems capable of handling billions of transactions daily.