Search the BaaS market.

UK · Not applicable (technology provider / orchestrator)

US · OCC (national bank)

US · N/A — middleware provider

US · N/A — SoFi subsidiary

US · N/A — middleware provider

US · N/A — acquired by FIS

US · N/A — middleware provider

US · N/A — middleware provider

US · ND Dept. of Financial Institutions; FDIC (insured)

IN · Not applicable (technology provider)

US · N/A — middleware provider

UK · Not applicable (orchestration platform)

UK · N/A — Technology Provider

The RBI fined Fusion Finance Limited ₹2.70 lakh on Aug 14, 2026, for failing to maintain a periodic review system for customer risk categorisation under KYC rules. The lapse was identified during a st...

The RBI fined Fusion Finance Ltd ₹2.70 lakh for non-compliance with its know-your-customer directions. The penalty was part of a ₹71.20 lakh enforcement action covering IndusInd Bank and three NBFCs.

The CFTC fined UBS Financial Services $8 million for failing to supervise AML transaction-monitoring systems. The order also requires the firm to cease and desist from further violations.

FinCEN, the FDIC, OCC, and NCUA jointly proposed a major overhaul of AML/CFT regulations, modernizing the framework for the first time since the 1970s Bank Secrecy Act. The proposal introduces a risk-...

The CFPB took enforcement action against Synapse Financial Technologies, a BaaS middleware provider. The citation references the CFPB's official enforcement actions page for Synapse.

FinCEN imposed a record $125 million penalty on UBS Financial Services for repeated AML failures, including unmonitored foreign wire transfers and four years of uncorrected compliance deficiencies.

The California DFPI imposed a $1 million penalty on Yotta Technologies on May 15, 2026, for falsely marketing customer accounts as FDIC-insured. Yotta had moved those accounts to Synapse Brokerage LLC...

The California Department of Financial Protection and Innovation (DFPI) reached a settlement with Chime Financial, Inc. for misleading use of the term "bank" without holding a banking license. Chime w...

The FTC settled with Beam Financial, a mobile banking app operator, banning it from offering financial services. The settlement required full refunds to customers due to misrepresentations about fund ...

FINRA fined UBS Financial $20 million for anti-money laundering violations. The news release was published on Aug 03, 2026.

The FCA placed restrictions on Nexus Independent Financial Advisers and Nexus Investment Managers on January 25, 2023, halting regulated activities and asset access due to concerns over unauthorized f...

FinCEN issued guidance in December 2020 encouraging broader use of Section 314(b) voluntary information sharing among financial institutions for AML/CTF purposes. The guidance emphasized legal protect...

Discover Financial faced an FDIC probe prompting a leadership shift and enhanced risk and compliance efforts. CEO Roger Hochschild departed amid the investigation, with interim leadership appointed.

FinCEN fined UBS $125 million for repeat anti-money laundering failures and Bank Secrecy Act violations. The penalty is FinCEN's largest against a broker-dealer for BSA violations.

The RBI on Jul 17, 2026 imposed monetary penalties on six companies, including Muthoot Finance, for non-compliance with regulatory norms. Muthoot Finance was fined Rs 5.80 lakh for failures in risk ca...

Bleichmar Fonti & Auld LLP announced a securities fraud investigation into Coastal Financial Corp. (NASDAQ:CCB) over statements about the credit quality of its CCBX banking-as-a-service segment. The s...

Brazil's Banco Central on Aug 14, 2026, ordered the extrajudicial liquidation of two Simpala conglomerate entities, citing financial deterioration that endangered unsecured creditors and grave violati...

FINRA fined UBS Financial Services $20 million on Aug 03, 2026 for anti-money-laundering violations. The firm failed to establish a compliance program reasonably designed to detect and report suspicio...

FinCEN assessed a $125 million civil money penalty against UBS Financial Services on Aug 03, 2026, for willful violations of the Bank Secrecy Act. The agency called it the largest BSA penalty ever imp...

The RBI imposed a monetary penalty on Shri Ram Finance Corporation Private Limited. The action was announced on Aug 21, 2026, citing non-compliance with regulatory directions.

Finastra released Fusion Teller, a browser-based banking platform with packaged common services and pre-integration for Finastra's core banking systems. The platform modernized teller operations by mo...

Finastra announced updates to its FusionFabric.cloud open platform enabling banks, fintechs, and SMEs to collaborate via open APIs across retail banking, lending, and payments. The platform includes c...

Originate, a financial services software company, received an undisclosed investment from Pacific Growth Investors. The funding supports working capital and international expansion. Originate builds s...

Swedish BNPL and embedded payments fintech Klarna acquired the consumer financing arm of UK-based Close Brothers Group. The deal expands Klarna's embedded lending footprint in the UK market. This repr...

Treasure Financial integrated its embedded yield API into the Passport Cash Builder product, enabling businesses to allocate excess cash to savings and investment options. The integration allows platf...

Ally Financial divested its $2.3 billion credit card portfolio, covering 1.3 million cardholders, to CardWorks and Merrick Bank. The deal reflects Ally's strategic focus away from card lending and pos...

The Hong Kong Monetary Authority announced participation in Project Aperta at Hong Kong FinTech Week, focusing on open finance APIs for SME trade finance. Alongside this, HKMA unveiled Project Ensembl...

First Citizens Bank and Sixth Street launched Sixty-First Commercial Finance, a joint venture platform providing equipment financing between $5 million and $100 million. The platform targets mid- and ...

Canadian challenger bank Neo Financial raised $360M to accelerate growth and position itself as a leading alternative to traditional banks. Notable investors include Shopify founder Tobi Lütke, Slack ...

Ant Financial, Alibaba's payments affiliate, raised $14 billion in Series C financing, bringing its valuation to $150 billion. The round represented the largest single fintech funding event in history...

Mitek Systems and Signicat partnered to enhance digital customer onboarding for financial institutions. The collaboration integrates Mitek's identity verification technology with Signicat's digital id...

Railsr (formerly Railsbank), a UK and Europe-based BaaS provider, secured $21M in debt financing from Leadenhall Capital. The funding supports the company's global expansion plans. While not equity fu...

Infinant closed a $15M Series A funding round led by FinTop Capital and JAM FINTOP BankTech to scale its Interlace cloud-based platform. The platform enables banks to launch and manage embedded bankin...

Global Processing Services (GPS) secured $100 million in funding to expand its embedded finance and API payments platform. The investment supports GPS's infrastructure that enables other companies to ...

Inbank, a European fintech with an EU banking license, began developing its next-generation embedded finance platform in April 2023 with customer rollout planned for Q4 2023. The platform connects mer...

Cannabis fintech Dama Financial announced plans to more than double its sponsor bank portfolio from five banks by year-end. The expansion focuses on compliance-driven payments for cannabis businesses....

The FDIC, OCC, and Federal Reserve jointly finalized guidance on third-party risk management, published June 6, 2023. The guidance directly impacts BaaS banks and their fintech partnerships by establi...

Regions Bank announced Embedded ERP Finance, a solution providing companies real-time access to ERP data for streamlined cash flow management. The product embeds banking capabilities directly into ent...

Alkami Technology and Greenlight announced a partnership to bring youth banking capabilities to banks and credit unions. The integration allows financial institutions on Alkami's digital banking platf...

FIS launched its BaaS Hub on April 12, 2022, an API-enabled platform allowing banks, credit unions, and fintechs to deliver embedded finance solutions including deposit banking, financial wellness, an...