Search the BaaS market.

The RBI imposed a ₹50,000 penalty on The Amravati District Central Co-operative Bank Ltd. for KYC violations and improper SMS alert charges. The order was dated Aug 6, 2026.

The Reserve Bank of India imposed a ₹50,000 penalty on The Amravati District Central Co-operative Bank Ltd. on Aug 6, 2026, for KYC violations and charging customers for SMS alerts never sent.

The Reserve Bank of India fined Shree Laxmi Co-operative Bank Ltd. ₹2 lakh on May 27, 2026, for shortcomings in KYC compliance.

The RBI imposed a ₹50,000 penalty on Citizen Cooperative Bank Ltd, Karnataka, for failing to comply with directions on income recognition, asset classification, and provisioning norms applicable to ur...

The RBI imposed a ₹7 lakh penalty on Sangli District Central Cooperative Bank Ltd for contravening Section 20(1) of the Banking Regulation Act, 1949. The bank had sanctioned director-related loans.

... Edsom Fintech Pvt. Ltd. for allegedly laundering ₹800 crore in proceeds from an illegal online betting syndicate ('ALL PANEL EXCHANGE') through shell entities, cryptocurrency, and a credit cooperativ...

The RBI imposed a ₹10.10 lakh penalty on Raigad District Central Cooperative Bank Ltd for violating Section 20(1) of the Banking Regulation Act and failing to comply with credit information company me...

Taiwan's FSC fined Co-operative Treasury Bank (合作金庫商業銀行) NT$12 million for deficiencies in credit card suspicious-transaction handling. The regulator also suspended the bank from accepting new credit ...

Opera announced its intention to acquire AB Fjord Bank on July 9, 2020, subject to regulatory approval, to launch fintech services in Europe. Fjord Bank is a specialized bank preparing to offer deposi...

The Monetary Authority of Singapore (MAS) and the Government of Maharashtra signed a Memorandum of Understanding for closer fintech cooperation. The agreement aims to facilitate cross-border collabora...

The Hong Kong Monetary Authority and the Central Bank of Brazil signed a fintech cooperation agreement to share innovation insights and referrals. The agreement supports cross-border fintech collabora...

Troubled BaaS middleware provider Solid announced it was shutting down operations in February 2025. The closure is part of a broader reckoning in the bank-fintech middleware space, which also saw Lewi...

BankSouth, a $1.6 billion community bank in Georgia, selected FIS as its core banking platform provider on May 20, 2026. The deal covers retail and business banking. It aims to accelerate fintech inte...

Mercury, a US banking platform for startups, acquired Central, an AI-native payroll and benefits platform. The deal expands Mercury's embedded financial operations offering for its startup customer ba...

The Boost-RHB Digital Bank Consortium received regulatory approval from Bank Negara Malaysia and the Ministry of Finance to commence operations as a digital bank effective January 15, 2024. The consor...

...ech, partnered with Coastal Community Bank to enter the U.S. market. Coastal Community Bank will serve as Pliant's sponsor bank for commercial card issuing. The deal marks Pliant's first operational p...

Summit Technology Group and its banking clients launched Lenders Cooperative as a standalone platform serving over 140 community banking institutions. The cooperative provides loan origination softwar...

Aspire, a Singapore-based fintech, launched its U.S. operations on April 7, 2026, offering a financial platform with multi-currency accounts, FX, payroll, and spend management for global businesses. A...

WesBank, part of FirstRand Bank Ltd, signed a new 5-year agreement with fintech technology provider SBS on April 7, 2026. The deal upgrades WesBank's wholesale operations in Southern Africa to SBS's l...

Sony Bank received conditional approval from the OCC tied to plans for U.S. dollar stablecoin issuance and operations. This marks a significant step for a major brand entering regulated digital asset ...

GXS Bank, Singapore's digital bank backed by Grab Holdings, raised $109M in January 2024. The digital bank was established as part of Singapore's digital banking license initiative, enabling Grab to e...

The State Bank of Pakistan granted digital bank HugoBank approval to begin pilot operations on Aug 07, 2026. HugoBank will test its products and systems with a limited customer base before a full publ...

MVB Bank selected Bretton AI to deliver AI-native managed services for anti-money laundering transaction monitoring and know-your-customer operations. A dedicated US-based Bretton AI team will handle ...

Pathward Financial announced an evolved operating model for its sponsor banking business, emphasizing customer-centric alignments. As one of the largest BaaS sponsor banks in the US, this restructurin...

Louisiana community bank b1Bank partnered with UK fintech Covecta to implement AI agents that automate deposit and loan operations. The system is forecasted to go live approximately eight weeks from a...

Lenders Cooperative and Ventures Lending Technologies announced a merger on December 17, 2024, combining their lending technology platforms. The deal aims to create a more comprehensive embedded lendi...

Revolut secured a French banking licence on Aug 10, 2026, broadening its European regulatory footprint beyond its existing Lithuanian licence. The company plans to hire more than 600 staff across West...

nCino introduced 'Digital Partners,' role-based AI agents integrated into its banking platform to enhance financial institution operations such as analysis and workflows. The launch reflects the growi...