Search Results for "Balance"
8 results for "Balance"
Deals 8
SoFi Launches Enterprise Banking Program With Crypto-Native Infrastructure
SoFi launched SoFi Big Business Banking, an enterprise commercial banking program integrating fiat accounts, crypto rails, and its tokenized deposit SoFiUSD for 24/7 real-time money movement. The product uses a 'stablecoin sandwich' approach to enable instant settlements while keeping deposits on SoFi's balance sheet. Initial clients include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard.
ConnectPay Launches In-House Mars Core Banking System
ConnectPay launched Mars, its proprietary core banking system replacing third-party dependencies. The in-house solution provides stable account balances, transaction processing, and payment capabilities. Mars enables faster product updates and greater infrastructure control for ConnectPay's embedded banking services.
Citizens Bank Launches Open Banking API for Third-Party App Access
Citizens Bank launched an Open Banking API enabling secure account balance and transaction access for third-party applications such as budgeting tools. The API supports the broader embedded finance ecosystem by allowing fintechs to integrate Citizens account data. This positions Citizens to comply with evolving open banking regulations.
PNC Bank and Koxa Launch Embedded Banking Integration for Workday ERP
PNC Bank and Koxa announced an embedded banking integration enabling PNC's corporate and commercial clients to access banking services directly within their Workday ERP system. The integration provides real-time balance information, payment submission, and transaction reconciliation. This partnership brings embedded finance capabilities to enterprise treasury workflows.
Truist Acquires Gamified Savings Fintech Long Game
Truist Financial acquired Long Game, a fintech startup using gamification to encourage savings among younger users. The team was integrated into Truist's innovation group without a balance sheet transfer. The deal reflects major banks' efforts to attract younger demographics through engaging digital experiences.
Balance Raises $25M Series A for B2B Embedded Checkout Platform
B2B checkout platform Balance raised $25 million in Series A funding. The company provides embedded payment and checkout infrastructure for B2B marketplaces and e-commerce platforms. The round supports Balance's mission to modernize B2B payments with embedded finance capabilities.
Revolut Launches Open Banking for UK Customers via TrueLayer
Revolut launched open banking for UK retail and business customers, partnering with TrueLayer to enable account aggregation. Users can connect external bank accounts to view balances within the Revolut app. This deepens Revolut's embedded finance capabilities and positions it as a financial hub.
PayPal Expands Instant Transfer to Bank Accounts via JPMorgan Partnership
PayPal expanded its Instant Transfer feature enabling users to move PayPal balances to U.S. bank accounts or debit cards within 30 minutes, leveraging JPMorgan Chase and The Clearing House's Real Time Payments network. The service charges a 1% fee capped at $10. This embedded finance initiative aimed to provide faster liquidity for consumers and merchants competing with Square and Stripe payout offerings.