Search Results for "EY"
33 results for "EY"
Deals 20
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.
Ualá Raises $195M to Scale Embedded Insurance Across Latin America
Argentine neobank Ualá closed a $195 million equity financing round led by Allianz X, reaching a $3.2 billion post-money valuation. The funds will support Latin America expansion and embedded insurance scaling. This positions Ualá as a major embedded finance player in the LATAM region.
Uzum Raises Over $130M for Digital Banking and Embedded Payments Platform
Uzum, an integrated e-commerce, digital banking, payments, and lending platform, raised over $130 million from Oman sovereign funds at a $2.3 billion pre-money valuation. The company operates a vertically integrated embedded finance stack. This represents significant sovereign fund interest in emerging market embedded finance infrastructure.
Steward Raises €4.6M for AI-Driven AML/KYC Compliance Platform
Steward, a US- and UK-based AI-driven AML/KYC compliance platform, raised €4.6 million in funding led by Motive Partners. The platform uses AI to automate anti-money laundering and know-your-customer processes for financial institutions.
Real Wallet Wins 2026 Fintech Breakthrough Award for Embedded Finance in Real Estate
Real Wallet won a 2026 Fintech Breakthrough Award for pioneering embedded banking and lending in real estate. The platform integrates financial services directly into property transactions. This signals growing vertical-specific adoption of embedded finance beyond traditional consumer and SME use cases.
Stripe Reportedly Explores Acquisition of PayPal or Key Assets
Bloomberg reported that Stripe, valued at $159 billion, is considering acquiring PayPal or select assets including its consumer wallet and Venmo. The potential deal would be the largest fintech M&A transaction ever. PayPal denied sale talks and Stripe declined to comment, with subsequent reports from Semafor indicating Stripe is not actively pursuing a takeover.
Modern Treasury Launches Payments PSP Unifying Fiat and Stablecoin Rails
Modern Treasury launched its Payments PSP, unifying fiat payment methods (ACH, wire, RTP/FedNow, push-to-card) and stablecoin payments through a single API. The platform includes KYC/KYB, account opening, and real-time ledger capabilities. It targets marketplaces and fintech apps seeking streamlined money movement.
Talos Raises $150M Series B Extension for Digital Asset Infrastructure
Talos, an institutional digital asset infrastructure and data provider, raised a $150M Series B extension at a ~$1.5B post-money valuation. Investors include Robinhood Markets, Sony Innovation Fund, and a16z crypto. The round underscores growing institutional demand for digital asset trading and data infrastructure.
InvestiFi Partners with Thinkwise Credit Union for Embedded Investing
InvestiFi partnered with Thinkwise Credit Union to embed digital investing tools directly into the credit union's online and mobile banking platforms. The integration enables smaller financial institutions to offer investment services without building proprietary infrastructure. This partnership highlights the expansion of embedded finance beyond payments and lending into wealth management.
FDIC Targets Stablecoin Licensing by Year-End 2025; Fed Plans Fintech Master Accounts by Q4 2026
Federal banking regulators previewed timelines for key fintech and digital asset rules in December 2025. The FDIC is targeting stablecoin licensing guidance by year-end 2025, while the Federal Reserve aims to establish 'skinny' master account access for novel charter holders by Q4 2026. These developments could significantly impact BaaS and embedded finance infrastructure.
Cross River Launches Stablecoin Payments Platform for On-Chain Finance
Cross River launched a stablecoin payments platform that unifies fiat and stablecoin flows within its real-time core operating system (COS). The platform emphasizes bank-grade compliance and composable money movement, bridging traditional banking infrastructure with on-chain finance.
Cross River Integrates Fireblocks for Crypto and Stablecoin Payouts
Cross River advanced its core banking platform by integrating Fireblocks for secure crypto and stablecoin payouts and real-time merchant payments. The partnership emphasizes processing optionality and instant payment capabilities for fintech clients. Cross River is a key BaaS provider powering multiple embedded finance platforms.
Acoru Raises €10M Series A for AI-Powered Bank Fraud Detection
Madrid-based Acoru secured a €10M Series A led by 33N Ventures to combat AI-powered fraud and money laundering in banking. The company provides advanced fraud detection infrastructure that can be embedded into banking platforms. The round addresses growing demand for AI-driven compliance and security tools.
U.S. Bank Avvance Launches Customized Embedded Financing for Partners
U.S. Bank Avvance launched a customized embedded financing offering for partner institutions. The product enables partners to integrate U.S. Bank's lending capabilities into their own platforms. This expands U.S. Bank's embedded finance strategy beyond payments and accounts into lending.
Moorwand Expands BaaS Platform via Digital Banking Partnership
Moorwand, an FCA-regulated electronic money institution, expanded its Banking-as-a-Service platform through a partnership enabling fintechs and payments firms to offer embedded digital banking services. The partnership extends Moorwand's BaaS capabilities to a broader range of fintech clients seeking regulated infrastructure.
Valley Bank Partners with Koxa for Embedded ERP Banking Solution
Valley Bank launched an enterprise resource planning (ERP) banking solution powered by Koxa, embedding financial services into corporate clients' workflows. The partnership integrates banking capabilities directly into ERP systems. This targets corporate banking clients seeking streamlined financial operations.
Palmer Luckey's Erebor Digital Bank Awaits OCC Charter Approval
Erebor, the digital bank backed by Palmer Luckey, had not received OCC approval as of August 7, 2025, despite submitting its application in June 2025 with expectations of approval by late 2025. Industry experts suggested the timeline was unrealistically optimistic, noting that bank charter approvals typically take a year or longer.
Unit Launches Ready-to-Launch Embedded Capital, Banking, and Bill Pay Solutions
Unit announced ready-to-launch white-label embedded capital, banking, and bill pay products designed for SaaS platforms. The solutions enable companies to deploy a full money dashboard in as little as three weeks with minimal coding. Unit reports it has already enabled 50,000 businesses to access better financial services through its platform.
Autobooks and Fundbox Launch Embedded SMB Lending Product
Autobooks launched Autobooks Capital, an embedded SMB lending product powered by Fundbox, integrating lending directly into its receivables and cash flow management platform. The product allows small businesses to access capital within the tools they already use for financial management. This represents a deepening of embedded finance in the SMB banking workflow.
Treasury Prime Partners with First Credit Union to Expand Embedded Banking
People Trust Community FCU joined the Treasury Prime Network as its first credit union partner, expanding embedded banking access to mission-driven, community-based institutions. The partnership marks Treasury Prime's expansion beyond traditional bank partners into the credit union sector. This move aims to advance financial inclusion through embedded banking infrastructure.
Regulatory Actions 10
Dinosaur Merchant Bank Limited
The FCA fined Dinosaur Merchant Bank Limited £338,000 for market abuse and systems failures. The firm was categorized under electronic money and payment institutions.
N/A — Industry-wide guidance
The FCA published Policy Statement PS25/12 on August 7, 2025, introducing strengthened safeguarding rules for authorized payment institutions and e-money institutions, effective May 7, 2026.
Multiple EMI/PI Firms (14 sampled)
The FCA conducted multi-firm reviews of risk management and wind-down planning at e-money and payments firms in 2024-2025, finding underdeveloped frameworks across the sector.
N/A — Industry Guidance
The FCA published updated guidance on its approach to payment services and electronic money in November 2024, reflected in tracked-changes revisions to its 2017 approach document.
Unknown EMIs (3 institutions)
The FCA imposed voluntary requirements (VREQs) on three Electronic Money Institutions in 2024 through November. VREQs often restrict activities such as ceasing payment services, imposing onboarding bans, or requiring prior FCA consent for fund safeguarding.
Unknown EMIs and PIs
The FCA disclosed aggregate enforcement data for Electronic Money Institutions (EMIs) and Payment Institutions (PIs) through November 2024, revealing ongoing use of VREQs, OIREQs, enforcement operations, and s166 skilled person reviews. In 2024 YTD, EMIs received 3 VREQs and 6 s166 reviews, while PIs received 1 enforcement operation, 1 OIREQ, 2 VREQs, and 1 s166 review.
Unknown EMIs (6 institutions)
The FCA commissioned six s166 skilled person reviews of Electronic Money Institutions in 2024 through November. These reviews are used to independently assess whether firms meet regulatory requirements.
Viola Money (Europe) Limited
The FCA imposed requirements on Viola Money (Europe) Limited, an authorised electronic money institution, to cease all regulated electronic money and payment services on 14 December 2021 due to serious concerns about its business operations and client dealings.
GreenSky, LLC
The CFPB issued a consent order against fintech GreenSky, LLC for enabling merchants to originate loans without consumer authorization. The order imposed up to $9 million in consumer redress and a $2.5 million civil money penalty.
Payment and E-Money Institutions (general guidance)
The UK FCA issued finalised guidance in July 2020 for payment institutions and electronic money institutions on safeguarding customer funds during the COVID-19 pandemic. The guidance focused on prudential risk management to prevent insolvency harm.