Search Results for "Even"
23 results for "Even"
Deals 20
US Sponsor Banking Sector Grows Nearly 10% With Over 100 Banks Active
U.S. sponsor banks grew nearly 10% year-over-year, with over 100 banks now active in the space. Success is increasingly tied to selective fintech partnerships emphasizing compliance readiness and recurring revenue. Pathward highlights AI and embedded finance as the next frontier for sponsor banking evolution.
NatWest Opens Applications for AI-Focused 2026 Fintech Programme
NatWest Group opened applications for its 2026 Fintech Programme, a 12-week initiative targeting pre-Series A and Series A UK fintechs using AI to enhance financial services. The program offers collaboration with NatWest, mentorship from senior executives, and access to innovation hubs. It builds on 2025 successes including Tunic Pay's fraud prevention pilot integrated into NatWest's mobile app.
CommerceOne Acquires Green Dot Bank to Form Sponsor Bank Holding Company
CommerceOne Financial is acquiring Green Dot Bank's charter and ~$5 billion in assets to create a new publicly traded bank holding company. Simultaneously, Smith Ventures is acquiring Green Dot's non-bank fintech operations for $690 million. A seven-year exclusive agreement positions CommerceOne as the sponsor bank for the fintech business. The deals are expected to close in Q2 2026 pending regulatory approval.
Bank ABC Sponsors Fintech Forward 2025 to Advance MENA Digital Banking
Bank ABC became the Platinum Sponsor of Fintech Forward 2025, held October 8-9 in Bahrain. The sponsorship highlights the bank's commitment to digital transformation and fintech collaboration through its mobile-only bank, ila. The event focuses on Fin-AI integration and open banking in the MENA region.
Alloy for Embedded Finance Wins Datos Insights Best KYC/KYB Award
Alloy's Embedded Finance platform won the Best KYC/KYB Innovation award from Datos Insights' 2025 Fraud & AML Impact Awards. The platform helps sponsor banks like Grasshopper Bank scale compliance and risk controls across fintech partners using a parent/child account model, automating fraud prevention for BaaS programs.
Payabli Closes $28M Series B for API-Driven Payments Infrastructure
Payabli closed a $28M Series B led by Fika Ventures and QED Investors, bringing total funding to $60M. The platform provides API-driven payments infrastructure for software companies, including card issuance and AI features. The round follows 7x revenue growth and billions in payment volume processed.
Bottomline Embeds Paymode Payments Network into Digital Banking Platforms
Bottomline launched an embedded integration of its Paymode business payments network into commercial digital banking platforms. Paymode processes $450 billion annually and serves over 440,000 businesses. The integration offers in-app supplier self-enrollment, rebates, fraud reduction, and new revenue opportunities for banks.
Backbase Launches AI-Powered Banking Platform with Agentic AI
Backbase launched what it calls the world's first AI-powered banking platform, embedding AI-driven customer servicing, sales automation, and self-service capabilities. The platform features an Intelligence Fabric with Agentic AI for secure, auditable operations. It is globally available immediately and aims to help banks expand revenue through embedded intelligence.
OMB Bank Launches OMBX Embedded Finance Platform for Fintechs
OMB Bank launched OMBX, a dedicated embedded finance division targeting fintechs and digital companies. The platform offers scalable banking infrastructure, payment processing, compliance support, fraud prevention, and analytics. OMBX already serves seven fintech clients with more in its pipeline.
Formance Raises $21M Series A to Build Modular Fintech Infrastructure
French fintech Formance raised $21 million in Series A funding co-led by PayPal Ventures and Portage to build modular banking infrastructure. The platform offers APIs for financial connectivity, payments orchestration, and ledgers, positioning itself as the 'AWS of fintech.' U.S. customers already account for 40% of revenue.
Visa Completes Acquisition of AI Fraud Detection Firm Featurespace
Visa completed its acquisition of Featurespace, an AI-powered fraud and financial crime detection company. The deal strengthens Visa's real-time fraud prevention capabilities across its global payments network. This acquisition enhances embedded finance ecosystems by improving the security infrastructure underlying BaaS and payment platforms.
Worldline and OPP Launch Embedded Payments for European Platforms and Marketplaces
Worldline and Online Payment Platform (OPP) unveiled a joint embedded payments solution targeting European platforms and marketplaces. The turnkey product includes split payments, escrow, mediation, multi-currency support, and built-in compliance. It was formally presented at an event on October 22, 2024, and addresses the growing demand for integrated payment infrastructure among platform businesses in Europe.
YouLend Secures $1B+ Financing Facility with Castlelake for US SMB Lending
Embedded finance platform YouLend announced a $1B+ financing facility backed by Castlelake to fund revenue-based lending for U.S. small businesses. The lending is embedded within e-commerce platforms such as Shopify and eBay. This significant capital commitment enables YouLend to scale its embedded SMB lending operations in the U.S. market.
Payabli Raises $20M Series A for API-First Payments Infrastructure
Payabli raised $20 million in Series A funding to scale its API-first payments infrastructure and monetization platform for software companies. The company reported over 340% revenue growth in the prior 12 months. Funds will support product innovation, security enhancements, and customer acquisition.
OpenPayd Reaches Profitability and €40M ARR in Embedded Finance
OpenPayd, an embedded finance infrastructure provider, announced it achieved profitability and reached €40 million in annual recurring revenue by June 2024. The company reported over 100% growth for the second consecutive year, serving more than 400 global clients. This milestone highlights the maturing embedded finance market.
Leap Financial and Mastercard Launch White-Label Embedded Remittance Solution for Latin America
Leap Financial and Mastercard launched a white-label embedded remittance solution enabling banks, fintechs, retailers, and telcos in Latin America to integrate a 'request remittance' button into their platforms. Powered by AI agent LOLA on WhatsApp, the solution targets the $155 billion U.S.-to-Latin America remittance market with instant disbursements and revenue-sharing models.
FIS Launches Atelio Embedded Finance Platform for Banks and Non-Financial Companies
FIS unveiled Atelio, a fintech platform providing building blocks for financial institutions and non-financial companies to embed financial services. The platform enables deposit collection, money movement, card issuance, invoicing, fraud prevention, and cash flow forecasting. KeyBank, College Ave, and RoyalPay Inc. were announced as lighthouse clients at launch.
Primer Reports 200% YoY Revenue Growth for Unified Payments Infrastructure
Primer announced it was on track to achieve 200% year-on-year revenue growth, driven by enterprise demand for its unified infrastructure for global payments and commerce. The platform enables merchants to orchestrate multiple payment providers through a single integration. This milestone underscores growing enterprise appetite for embedded payment infrastructure.
Digital Wallet Merges with Seven Bank Subsidiary for Embedded Remittance
Japanese fintech Digital Wallet merged with Seven Global Remit, a subsidiary of Seven Bank, on April 2, 2024. The merger enables Digital Wallet's Smiles Mobile Remittance service at Seven Bank ATMs across Japan. This embedded finance deal expands remittance access through physical banking infrastructure.
Hitch Launches White-Label HELOC Program with United Mortgage Corp
Fintech startup Hitch launched a white-label home equity line of credit (HELOC) program in partnership with United Mortgage Corp. The program enables lenders to offer branded HELOCs with rapid processing — minutes for decisions and funds in seven days. It includes loan origination systems and capital market access.
Regulatory Actions 3
N/A — Industry-wide
The FCA published strengthened safeguarding rules (PS25/12) effective August 2025 for authorised EMIs, payment institutions, and small EMIs to protect client funds in the event of firm failure. Interim compliance measures take effect May 2026.
N/A — Industry-wide joint statement
The OCC, Federal Reserve, and FDIC jointly issued a statement on July 25, 2024, highlighting risks in third-party arrangements for bank deposit products and services. The statement emphasizes that banks retain full accountability for consumer protection, financial crimes prevention, and safe/sound practices despite outsourcing to fintechs.
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.