Search Results for "ila"
22 results for "ila"
Deals 20
Avalara Launches Embedded Working Capital Solution for Businesses
Avalara announced the availability of Avalara Capital, an embedded working capital solution integrated into its tax and compliance platform. The product helps businesses access fast funding to address tax debt, seasonal cash flow gaps, and growth opportunities. It represents a notable entry of a compliance-focused SaaS company into embedded finance.
NatWest and Sainsbury's Partner on Embedded Finance via Nectar Loyalty Program
NatWest and Sainsbury's announced a new partnership to deliver embedded financial products—including a co-branded Nectar credit card, instant access savings, and personal loans—to Sainsbury's customers through digital channels and the Nectar loyalty program. Products will be powered by NatWest's Boxed BaaS platform and are expected to launch in the second half of 2026. This is NatWest's third embedded finance partnership following similar 2025 deals with The AA and Saga.
Kinective Partners with PayNearMe to Expand Payment Solutions
Kinective partnered with PayNearMe in March 2026 to expand payment solutions for banks and credit unions. Kinective Gateway will provide financial institutions access to fintech solutions through a portfolio of core and business services. The partnership aims to broaden the range of payment capabilities available to community banks and credit unions.
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.
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.
KPay Raises $55M Series A for Asian Payments Platform Expansion
KPay, an Asia-focused payments and financial management platform, raised $55M in the largest Series A in payments for 2024. Led by Apis Partners, the funding will fuel expansion across Indonesia, Philippines, Malaysia, and Thailand through organic growth and M&A. The round highlights growing embedded payments infrastructure demand in Southeast Asia.
Mastercard Launches Deposit Switch and Bill Pay Switch for Digital Accounts
Mastercard announced Deposit Switch and Bill Pay Switch, integrated with Open Banking and Atomic, to streamline direct deposit and bill payment updates for digital accounts. The tools simplify account switching for consumers and are expected to be available in 2024. The launch strengthens Mastercard's embedded finance capabilities for banks and fintechs.
Finastra Launches Next Gen Mobile Banking App for Community Banks
Finastra announced its Next Gen Mobile Banking app at Ignite! 2024, targeting community banks and credit unions. The app features seamless customization, enhanced security, and a unified codebase for iOS and Android. It aligns with embedded finance trends by enabling banks to deliver modern digital experiences. Broader availability is planned for mid-2024 across all Finastra Phoenix consumer banking customers.
Synapse Files for Bankruptcy; TabaPay Plans Distressed Asset Acquisition
BaaS middleware provider Synapse filed for bankruptcy in April 2024 amid regulatory disputes, deposit insurance misrepresentations, and fund access problems for end users. TabaPay announced plans to acquire Synapse's assets and affiliates in a distressed deal. The collapse highlighted systemic risks in third-party BaaS oversight and followed similar exits by middleware platforms Rize, Apto Payments, and Bond.
Apiture Launches Business Insights via Monit Integration for Digital Banking
Apiture introduced Business Insights, a digital banking feature integrated with Monit, providing cash flow analysis, forecasting, and business health insights. The feature supports embedded banking strategies for U.S. banks and credit unions. This partnership enhances the digital banking toolset available to community financial institutions.
SDK.finance Wins Whitelabel FinTech of the Year at Go Global Awards
SDK.finance won the Whitelabel FinTech of the Year award at the Go Global Awards held October 19-21, 2022. The company was recognized for its API-driven white-label platform for payment products. The platform is available as cloud software or source code license, serving banks and fintechs building embedded finance products.
Adyen Launches Embedded Capital and Accounts Products for Platforms
Adyen launched two embedded financial products—Capital and Accounts—available to platform and marketplace businesses in the US and Europe through a single integration. Capital provides cash advances based on payment history, while Accounts lets users manage finances within the platform. The launch complements Adyen's existing Issuing product for platform-branded payment cards.
eToro and OpenPayd Launch Embedded Finance Proposition Across Europe
eToro and OpenPayd partnered to launch an embedded finance proposition across Europe. The collaboration enables eToro to leverage OpenPayd's banking-as-a-service infrastructure for payments and financial services. This expands embedded finance availability for eToro's European user base.
Synctera Launches BaaS Industry's First Line of Credit Product
Synctera launched the BaaS industry's first Line of Credit product on September 20, 2022, enabling fintechs to offer credit products through its embedded finance platform. The product expands Synctera's toolkit beyond deposit accounts and cards into lending. This marks a significant step in broadening the range of financial products available through BaaS platforms.
Velexa Launches Embedded Investing-as-a-Service Platform for Banks
Velexa launched an embedded investing-as-a-service platform enabling banks and neobanks to integrate investing capabilities alongside accounts and payments. The platform provides access to over 500,000 assets. This launch expands the embedded finance toolkit available to financial institutions seeking to offer wealth management features.
Citizens Financial Acquires Investors Bancorp for $3.5B in BaaS-Related M&A
Citizens Financial Group announced an agreement to acquire Investors Bancorp, Inc. for $3.5 billion in stock and cash. Investors Bancorp had served as a sponsor bank for fintechs needing charter access, making this a significant BaaS-related acquisition. The deal adds $27 billion in assets and 154 branches across the NYC, Philadelphia, and New Jersey markets.
Sila Raises $13M Series A for Compliant Payment Infrastructure API
U.S.-based fintech Sila secured $13 million in a Series A round led by Revolution Ventures for its compliant payment infrastructure API. Backed by Evolve Bank & Trust, Sila provides APIs for payments, KYC, and KYB. Total funding reached over $20 million.
Finzly and ICBA Bancard Partner to Offer Instant Payments for Community Banks
Finzly and ICBA Bancard partnered to offer instant payments to community banks via Finzly's Payment Galaxy hub. The platform supports ACH, wires, RTP, and future FedNow connectivity. This gives community banks access to modern payment rails typically available only to larger institutions.
Finleap Connect Raises €22M Series A for Fintech Connectivity Platform
Berlin-based Finleap Connect raised €22 million in a Series A round in June 2021 for its fintech connectivity platform. The round was led by SBI Investment and Ilavska Vuillermoz Capital. Finleap Connect focuses on open banking and financial data connectivity in Europe, building on its post-2019 merger operations.
Philadelphia SPAC Merges with Billtrust to Fund B2B Payments Growth
A Philadelphia-based SPAC merged with Billtrust, a New Jersey-based B2B payments software company, with SPAC investors owning 17% of the combined entity. The deal provides Billtrust with growth capital to expand its accounts receivable automation and payments platform. It reflects the SPAC boom enabling fintech companies to access public markets.