This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
Finovate Blog
Tracking fintech, banking & financial services innovations since 1994
Rocket Companies has announced its second acquisition in as many weeks. The Michigan-based company is buying Mr. Cooper, one of the largest non-bank mortgage servicers and mortgage lenders in the US. The deal is expected to close in an all-stock transaction of $9.4 billion in equity value, based on an 11.0x exchange ratio.
Mr. Cooper, which demoed its mobile app at FinovateSpring 2018, was founded in 1994 to challenge the conventional mortgage experience to bring borrowers a better, more straightforward home buying process. With 9,000 employees, the Texas-based company serves more than six million homeowners with its refinancing and mortgage products.
“Mr. Cooper has been on a journey to transform the homeownership experience, and we have built the most advanced servicing platform in the mortgage industry,” said Mr. Cooper Group Chairman and CEO Jay Bray. “By combining Mr. Cooper and Rocket, we will form the strongest mortgage company in the industry, offering an end-to-end homeownership experience backed by leading technology and grounded in customer care. I am deeply grateful for the dedication of the Mr. Cooper team and look forward to our continued work as we lead our industry into the future of homeownership.”
Once finalized, Rocket Companies and Mr. Cooper will serve a combined 10 million clients with a servicing book of $2.1 trillion, which represents one in six mortgages in America. Rocket will leverage the acquisition to bring its mortgage recapture capabilities to this new, enlarged client base. This will help produce higher loan volume, drive long-term client relationships, and provide greater recurring revenue while lowering client acquisition costs.
Holding a significantly larger servicing portfolio will help Rocket sustain its retention and 83% recapture rate. And by attaching Rocket’s title, closing, and appraisal services to Mr. Cooper’s existing originations, Rocket anticipates it will generate $100 million in additional pre-tax revenue, as well as an extra $400 million in savings from streamlining operations, expense, and technology investments.
When the deal is complete, Mr. Cooper Group’s Chairman and CEO Jay Bray will become President and CEO of Rocket Mortgage, while Dan Gilbert will remain Chairman of Rocket Companies. The company’s board will consist of 11 members, nine from Rocket’s board and two from Mr. Cooper’s.
“Servicing is a critical pillar of homeownership—alongside home search and mortgage origination,” said Rocket CEO Varun Krishna. “With the right data and AI infrastructure we will deliver the right products at the right time. That’s how we build lifelong relationships, by proactively unlocking benefits and meeting needs before they arise. We look forward to welcoming Mr. Cooper’s nearly 7 million clients.”
Today’s announcement comes just two weeks after Rocket unveiled plans to acquire real estate brokerage website Redfin for $1.75 billion. Together, the two deals fuel Rocket’s vision of owning the entire homeownership journey—from search to close and beyond.
With Redfin, Rocket gains a home search platform and a network of real estate agents; with Mr. Cooper, it secures a large servicing portfolio and deep operational infrastructure. By consolidating core pieces of real estate and lending processes under one roof, Rocket is positioning itself not just as a mortgage lender, but as a full-stack digital homeownership platform with the potential to recreate how Americans buy, finance, and manage their homes.
Atomic has raised $10 million in a strategic round led by Capital One Ventures, Citi Ventures, and FNB Corporation, bringing its total funding to nearly $79 million.
Atomic provides APIs that connect payroll and HRIS systems to financial institutions, supporting services like direct deposit switching, income verification, and subscription management.
With backing from top banks and FNB as both an investor and a client, Atomic aims to fuel deposit growth and power the next wave of personalized, real-time financial services.
Financial connectivity fintech Atomic is the latest fintech basking in this year’s fintech spring. The Utah-based company announced it has raised $10 million, adding to its $68.6 million previously raised, bringing its total funding to almost $79 million.
Today’s strategic round comes from Capital One Ventures, Citi Ventures, and FNB Corporation, which join Atomic’s previous investors Greylock, Portage Ventures, ATX Venture Partners, Mercato Partners, and Core Innovation Capital.
Atomic, founded in 2019, aims to connect consumer data with modern financial solutions. The company partners with eight of the top 10 US financial institutions, along with many leading fintechs, to provide seamless access to a suite of services—including direct deposit switching, income and employment verification, payment method updates, and subscription management—through integrations with payroll systems, HRIS platforms, and merchants.
Atomic said the new funding will fuel both innovation and expansion. The company plans to deepen its investment in existing solutions while also accelerating the development of new products to better serve its financial institution and fintech partners.
“We’re excited to have these industry leaders join us on our mission to champion upward financial mobility,” said Atomic Co-founder and CEO Jordan Wright. “Together, we’re building the infrastructure that will drive the next generation of financial products and unlock deposit growth, as well as improved experiences for our customers and the customers that work with them.”
In addition to investing in Atomic, FNB is also a client of the fintech. FNB tapped Atomic to lower acquisition costs, increase lifetime value, and become consumers’ primary financial hub.
“Through our omnichannel Clicks-to-Bricks strategy and eStore, FNB is driven to remain a banking industry leader in client engagement and innovation. We will continue to invest in and develop creative technology solutions that bring the full array of banking products and services to our digital platform and branch system,” said FNB Corporation President and Chief Executive Officer Vincent J. Delie, Jr. “Our investment in Atomic is another investment in the future of banking. By integrating their solutions with eStore, we can offer our customers more personalized, real-time financial services that meet their needs in today’s fast-paced world.”
Atomic most recently demoed at FinovateSpring 2024, where the company showcased PayLink, a tool to simplify subscription management by allowing consumers to manage, modify, and optimize their recurring payments and subscriptions within their bank.
Tennessee-based paytech Transcard has brought generative and agentic AI capabilities to its vendor network management solution, SMART Exchange.
The new capabilities will automate onboarding and Know Your Business (KYB) processes to modernize B2B payments.
Founded in 2005, Transcard made its Finovate debut at FinovateSpring 2016.
Payments technology company Transcard has enhanced its vendor network management solution, SMART Exchange, by adding generative and agentic AI capabilities. The new capabilities will automate onboarding and Know Your Business (KYB) processes, modernizing B2B payments with an improved user experience and transforming the way buyers and suppliers integrate and orchestrate payments.
“I’m excited about the modern enhancements and agentic AI capabilities we are adding to our SMART Exchange payment solution,” Transcard CEO Greg Bloh said. “The new streamlined onboarding process and dedicated portals are set to revolutionize how businesses interact, pay, and manage their vendors.”
Transcard’s AI-powered solution removes the need for using call centers for vendor onboarding and enablement. In addition to streamlining and automating the supplier KYB process, the technology benefits buyers by making vendor information and payment instructions easier to manage, and integrates seamlessly with ERP or systems of record to ensure data synchronization with updates in near real-time. The enhancements provide suppliers with a streamlined onboarding process that enables them to validate business information, choose payment preferences, receive payments, and more. Suppliers also can access early financing options to boost cash flow and leverage a self-service portal that helps them manage business information, historical transactions, documentation, and payment preferences.
“We crafted these enhancements to address the struggles daunting buyer and supplier payments today and we’re excited to provide our customers with a modern, digital B2B solution powered by AI,” Bloh added.
Thanks to the addition of generative AI and agentic AI capabilities, Transcard’s SMART Exchange platform will provide proactive recommendations on trends and ways that companies can optimize cash flow and automate manual tasks. The solution can be embedded within a customer’s ERP or core system and connects to existing bank accounts to support payment orchestration for businesses regardless of size. Part of Transcard’s SMART Suite family of embedded payment solutions, the technology supports disbursements, receivables, account-to-account (A2A) payments, cross-border payments, AI insights, and supply chain financing.
Founded in 2005 and headquartered in Chattanooga, Tennessee, Transcard made its Finovate debut at FinovateSpring 2016. Today, Transcard has served more than 500 companies and offers 50+ separate payment functions. The company began the year announcing an expansion to Canada and, shortly afterwards, unveiled its multi-party lienholder payment solution, which streamlines the multi-party payment process when a lienholder is involved.
“Designed in collaboration with major insurers, mortgage servicers, and banks, we look forward to transforming the current lienholder endorsement process to an improved digital experience that reduces weeks to minutes,” Transcard EVP and Global Head of Insurance Hodgen Mainda said.
The challenge of third-party risk in financial services was one of the biggest stories in 2024. From the fallout from the Synapse bankruptcy to the data breaches at firms such as Fidelity and Finastra, banks, fintechs, and financial services alike have been put on notice to put greater scrutiny on whom and how they forge partnerships.
These challenges have only become more intense this year. While regulations are tightening in Europe and the UK, a more permissive regulatory environment is developing in the US. How can banks, fintechs, and financial services companies navigate this emerging landscape to bring new products and services to customers while ensuring that their data and finances are safe?
We interviewed Jenna Wells, Chief Operating Officer with Supply Wisdom, to talk about the issue of third-party risk management in financial services in 2025. Wells talks about how third-party risk in financial services is evolving, and what companies need to do in order to better manage it.
Headquartered in New York and founded in 2017, Supply Wisdom made its Finovate debut at FinovateFall 2022. The company helps businesses better manage risk and build operational resilience. Supply Wisdom provide continuous full-spectrum third-party and location risk intelligence and risk actions in real-time to prevent disruptions, enhance risk management efficiency, and lower costs. Tom Thimot is CEO.
Our conversation with Jenna Wells is also the final installment of Finovate’s commemoration of Women’s History Month for 2025. Previous interviews include our Q&As with Tracy Moore of Fenergo and with Stav Levi-Neumark of Alta.
What are the current challenges your customers are facing?
Jenna Wells: The biggest challenge our customers face today is the sheer complexity and speed at which third-party risks are evolving. As a whole, companies are under immense pressure to monitor their vendors, suppliers, and other third parties more effectively across financial, cyber, ESG, geopolitical, and operational risk domains without adding significant costs or delays to their business processes. Traditional risk assessment methods, which rely on periodic reviews and self-reported questionnaires, are no longer sufficient in an era where threats emerge in real time and rarely any warning.
Additionally, companies are struggling with regulatory compliance, particularly with new frameworks like DORA in the EU, new AI risks and regulations, and emerging cyber risk mandates. Many organizations simply lack the tools, resources, or expertise to stay ahead of these challenges.
Lastly, the evolving geopolitical landscape and regulatory environment require companies to keep an eye out for location-specific risks on top of the traditional domains. Monitoring third parties alone is no longer sufficient—you must monitor the locations that they are operating from!
Can you talk about the challenge of third-party risk specifically, which became a major concern in 2024?
Wells: Third-party risk became a critical concern in 2024, exposing just how fragile global supply chains can be. This was starkly evident in global events like the collapse of the Francis Scott Key Bridge in Baltimore and earthquakes in Taiwan, which disrupted key transportation routes and severely impacted businesses dependent on the affected port. Companies with suppliers, logistics partners, and critical infrastructure tied to these regions faced massive operational slowdowns, financial losses, and regulatory challenges. These disruptions reinforced a key lesson: risks stemming from a single geographic point of failure can have widespread consequences across all industries.
Static, periodic risk assessments are no longer enough. The new standard is continuous, real-time risk monitoring that provides visibility into financial stability, cybersecurity, compliance, and operational resilience—not just for direct suppliers, but across the entire supply network.
This shift is particularly crucial in industries reliant on complex, geographically dispersed supply chains, where a localized disaster—whether infrastructure failure, geopolitical instability, or extreme weather—can ripple outward, affecting entire markets. The challenge is no longer just about assessing third parties. It’s about identifying vulnerabilities deep in the supply chain.
How does Supply Wisdom help companies manage these risks?
Wells: Supply Wisdom provides real-time, AI-driven continuous monitoring across seven critical risk domains: financial, operational, compliance, cyber, sustainability, Nth party, and location-based risks. Instead of relying on outdated, self-reported assessments, or the need to use multiple tools to monitor single domains, we aggregate and analyze data from hundreds of thousands of open sources, giving our customers a live, always-on view of their third-party supplier and critical ecosystem.
By leveraging AI to turn massive amounts of data into actionable intelligence, we enable organizations to identify emerging risks early, mitigate issues proactively, and avoid costly disruptions. Our platform reduces the manual burden of risk management, allowing teams to focus on strategic decision-making rather than chasing data.
Supply Wisdom recently published its top 10 predictions for third-party risk management in 2025. Of those predictions, which do you think is the least conventional?
Wells: One of the more unconventional predictions is the rise of “Nth-party accountability” as a regulatory and business priority. Until now, companies have focused primarily on direct third-party risks, but regulators and stakeholders are increasingly scrutinizing deeper layers of the supply chain. This includes fourth, fifth, and even sixth-party risks.
As supply chains become more interconnected and reliant on subcontractors, understanding who your third parties depend on and where they are located has become just as critical as assessing the vendors themselves. Geographical risks like political instability, natural disasters, regulatory changes, and ESG concerns can have cascading impacts throughout the supply chain, even if they originate at the Nth-party level.
We anticipate that in 2025, organizations will be expected to not only monitor but also take responsibility for the risk posture of their vendors’ vendors. This requires real-time visibility into where these extended third parties operate and the regional risks that may affect them. This shift demands an entirely new approach to risk visibility, and Supply Wisdom is already helping companies address this challenge with location-based monitoring, real-time risk intelligence, and deep Nth-party insights.
What role do technologies like AI and strategies like predictive risk modeling play in Supply Wisdom’s approach to risk management and intelligence?
Wells: AI and predictive risk modeling are foundational to how we help companies stay ahead of emerging threats. Our AI-powered platform continuously scans and analyzes millions of risk signals across financial, cyber, ESG, geopolitical, and operational domains, detecting anomalies and trends that may indicate potential threats before they materialize into full-blown crises.
Predictive risk modeling and trend analysis takes this further by using historical data, machine learning algorithms, and real-time signals to forecast risks before they impact business operations. For example, we can predict financial distress in a vendor before it becomes public knowledge or identify early signs of operational instability in a supplier’s key locations.
In short, Supply Wisdom stands for proactive risk management and innovation. We’re known in the industry as the only full-stack risk intelligence platform that provides real-time, continuous monitoring with actionable insights.
A wave of new regulatory policies is coming, particularly in the EU. Are you optimistic about the new policies? Do you feel as if organizations are ready to comply?
Wells: I am optimistic about these policies because they are pushing organizations towards a higher standard of operational resilience and risk management. Regulations like DORA in the EU are reinforcing the idea that businesses cannot afford to be passive when it comes to third-party risk—they need real-time, continuous oversight. However, I don’t think most organizations are fully prepared for these changes.
A majority of organizations do not have a complete inventory of their third parties or outsourced services and, without this, they cannot ensure compliance with these regulations. Unfortunately, it’s most likely that these companies still rely on outdated, static assessment models that won’t meet compliance requirements.
The good news is that regulatory clarity is driving investment in solutions like Supply Wisdom, which help organizations not only meet compliance mandates but also improve their overall risk posture in the process.
In the US, there is more uncertainty about which direction regulations are likely to go. What do you see happening with financial services and fintech regulation in the US this year?
Wells: If US firms want to compete and do business in Europe; they need to comply with those specific mandates. But unlike the EU—which has taken a structured approach with DORA—the US regulatory landscape is evolving in a more fragmented manner. However, we expect to see increased scrutiny from agencies like the SEC, OCC, and CFPB on third-party risk, particularly in areas like cyber resilience and AI disclosures.
The financial services and fintech sectors will likely see more pressure around vendor risk management, with a greater emphasis on continuous monitoring, and incident reporting requirements. As regulatory guidance increases, companies will need to be proactive in adopting best practices that align with global compliance trends, rather than waiting for enforcement actions to dictate their next steps.
What are your near-term goals for Supply Wisdom?
Wells: My immediate focus is on accelerating customer adoption of continuous risk monitoring. We want to ensure that organizations not only understand the importance of real-time risk intelligence through continuous monitoring, but also have the tools to integrate it seamlessly into their existing workflows.
Additionally, I’m prioritizing scaling our operations to meet the growing demand for proactive risk management solutions. That means enhancing our AI capabilities, monitoring for AI as an emerging risk, expanding our risk intelligence coverage, and strengthening our partnerships with other industry leaders.
What can we expect from Supply Wisdom in 2025?
Wells: 2025 will be a transformational year for Supply Wisdom and the third-party risk management industry as a whole. We are investing heavily in AI-driven risk prediction, enhanced regulatory compliance automation, and planning ways to go deeper and wider into Nth-party risk visibility.
You can also expect to see more partnerships with technology and service providers to create a more integrated risk management ecosystem. Our goal is to make continuous risk monitoring the new standard, so that businesses can operate with greater confidence, resilience, and agility in an increasingly complex world.
Chime Enterprise launched Chime Workplace, offering employers a single platform with financial wellness tools and an aggregated view of employee financial health.
The suite includes tools for income management, savings, credit building, and an employee rewards program modeled after airline miles programs.
Chime is expanding its fintech offerings significantly, having recently launched premium memberships, instant micro-loans, and free tax filing to attract underbanked users and enhance financial inclusion.
Chime Enterprise, the enterprise division of the neobank Chime, announced the launch of Chime Workplace, a financial wellness services suite available to employers and employees.
Chime Workplace offers free financial tools with workforce financial health insights for employers. The newly launched platform takes existing Chime tools and brings them to employees via the employer portal. Among the tools included are pay and income management tools, a high-yield savings account, credit health and credit building tools, and an employee rewards program that is modeled after airline miles loyalty programs.
“Employers have told us their biggest frustration with existing financial wellness programs is that they don’t make an impact or empower employees to get to the next step in their journey,” said Chief of Chime Enterprise Jason Lee. “Multiple vendors, logins, and endless apps only compound this problem and, ultimately, hinder effectiveness. Chime Workplace works with employers to solve these challenges by delivering one trusted app that meets employees where they are and gets them to where they want to be.”
While the financial wellness capabilities launching within the employer portal are not new, the employer visibility piece is. The financial health insights piece shows employers aggregated insights into their employees’ financial health, including their savings growth, credit health improvement, and engagement with the tools. These stats can be important for employers, as two out of three workers consider financial health the top area where they seek employer support, and nearly three-quarters of financially stressed employees prefer an employer that genuinely cares for their financial well-being.
Chime Enterprise was formed in 2024 after Chime acquired employee rewards and loyalty platform Salt Labs. Chime simultaneously unveiled news of its own today. The company is launching a premium membership tier called Chime+ that will offer a higher savings rate, custom cashback offers from retailers, and expedited customer support.
These changes come in addition to the California-based company’s launch last week of Instant Loans, a micro-lending product offering up to $500 instantly with a fixed interest rate. Additionally, the company announced a fee-free tax filing service in partnerships with April and Column Tax in January.
Chime is obviously working hard to become a robust competitor in the challenger banking field. Deeper than that, however, the fintech is positioning itself to capture the attention of underbanked individuals. By offering a seamless user experience, financial wellness solutions, and tailored financial products such as micro-loans and workplace financial wellness tools, Chime is strategically aligning itself to attract both employers and employees alike. As Chime continues to diversify its offerings with premium memberships and enhanced app functionality, it’s clear the company aims not only to expand its footprint but also to solidify its role as a trusted partner in helping underserved communities achieve financial stability.
B2B payments and invoicing network TreviPay has introduced new B2B purchase controls.
The controls will leverage automation to help reduce manual reconciliation activity and enhance compliance with procurement requirements.
Headquartered in Overland Park, Kansas, TreviPay made its Finovate debut at FinovateFall 2022 in New York.
Global B2B payments and invoicing network TreviPay recently unveiled new, advanced purchase controls. This new offering will enable businesses to configure and enforce customized B2B purchase policies that are aligned with their procurement requirements. The purchase controls respond to pain points in the B2B purchasing process, automating controls to reduce payment delays, minimizing manual reconciliation, and making it easier for companies to remain compliant.
“Creating frictionless B2B commerce experiences is critical for driving long-term buyer loyalty for our clients,” TreviPay Chief Product and Technology Officer Dan Zimmerman said. “TreviPay’s advanced purchase controls provide businesses with the flexibility to customize guardrails ahead of the ordering process so they can optimize access to spending and help maintain accurate records.”
The new offering comes as businesses increasingly recognize the value of invoice customization when it comes to offering a seamless purchasing experience. According to a study conducted in partnership with Murphy Research, 78% of B2B buyers indicated a need to customize or control aspects of their purchasing experience. To this end, TreviPay’s advanced purchase controls feature a variety of configurable options including:
Purchase Order (PO) Number Requirements to ensure that charges cannot be processed without a valid PO number
Amount-Based PO Thresholds to automatically enforce PO requirements for transactions that exceed a buyer-defined threshold
Unique PO Number Validation to prevent duplicate PO numbers to maintain accurate records and avoid issues with reconciliation
Custom PO Number Format to ensure all PO numbers follow the specific format required by the buyer’s system.
In a statement, the company noted that these options work across all purchasing channels, whether online, in-store, or via sales teams. Automatically flagging and stopping non-compliant transactions at the point of purchase helps businesses avoid the time-consuming and costly communications that are often required in order to answer questions and resolve discrepancies when issues with purchase orders arise.
“Traditional complexities in the order-to-cash process, such as missing or incorrect purchase order information, can cause delays in merchants getting paid,” Zimmerman explained. “By addressing common challenges or slowdowns in the ordering processes, we’re helping our clients minimize the strain on A/R teams and grow their business, without compromising the quality of the buying experience.”
Headquartered in Overland Park, Kansas, TreviPay made its Finovate debut at FinovateFall 2022 in New York. At the conference, the company demonstrated its Small Business Supplier Payments Network (SBSN). SBSN empowers banks to expand their offerings to small businesses by enabling them to access the small business B2B trade credit market. Member banks can leverage SBSN to customize their solutions, define and execute go-to-market strategies, manage risk, and set supplier fees—all while establishing exposure targets, growth rates, and profitability.
In addition to the purchase controls announcement, TreviPay also recently unveiled new features including risk-based pricing to boost credit accessibility, shared buyer codes in its mobile app to share or extend purchasing ability to unauthorized users on a temporary basis, and enhanced visibility into upcoming disbursements.
March has been a busy month for TreviPay. Along with launching new features, the company reported that it is the latest issuer on UATP’s network for corporate business travel payments. Also this month, TreviPay announced a new collaboration with HSBC to streamline B2B payments for businesses via flexible payment options and financing solutions at the point of sale.
“Supporting a seamless e-commerce and omni-channel purchasing journey and offering the right payments and invoicing options are gateways to building loyalty with business buyers,” TreviPay CEO Brandon Spear said. “With HSBC on board, TreviPay has additional tools to scale our technology and leverage an API-based model to move into new markets.”
This week marks Eid al-Fitr, the festival celebrating the end of Ramadan and the breaking of a month-long fast. Similarly, the close of this quarter feels like fintech is breaking its own fast, with Klarna filing its IPO prospectus, Rocket Companies announcing major acquisitions of Mr. Cooper and Redfin, and regulatory frameworks beginning to ease in the U.S. As we enter into the second quarter, here’s a look at this week’s fintech news as we leave the time of fasting behind. We’ll continue adding news to this post throughout the week, so stay tuned!
Finastra‘s cloud-based loan document preparation system LaserProunveils enhanced features and sees further adoption by community-based financial institutions.
Business financial management
Tesoriolaunches AI agent that autonomously manages portal-based invoicing.
Enterprise spend management platform Mendelcloses $35 million Series B round led by Base10 Partners with participation from PayPal Ventures.
Supply chain finance fintech Taulia partnered with Lloyds to embed Visa-enabled Virtual Cards into SAP Business Suite solutions, streamlining supplier payments.
Businesses using Taulia’s platform will be able to issue virtual cards globally through Lloyds, enhancing automation, cash flow visibility, and payment efficiency.
This collaboration builds on Taulia’s previous partnership with Visa, further integrating modern digital payments directly into enterprise resource planning (ERP) systems.
Supply chain finance fintech Taulia announced this week that it has partnered with Lloyds to issue Visa-enabled Virtual Cards. Taulia will embed the new virtual card offering across a range of its SAP Business Suite solutions.
“We are passionate about helping businesses unlock new value streams and our clients are fast recognizing the efficiency and financial benefits of deploying virtual cards for supplier payments,” said Lloyds Head of Commercial Cards Linda Weston. “We are thrilled about our partnership with Taulia as it enables truly embedded B2B payments processes in the SAP technology eco-system, making it easy for clients to adopt virtual payments and realise their strategic objectives.”
Taulia was founded in 2009 to help companies make use of cash tied up in their payables, receivables, and inventory. The company, which was acquired by SAP in 2022, maintains a network of 3+ million businesses to fuel its clients with more working capital.
Taulia customers who have purchased its Virtual Cards solution can receive credit from Lloyds and issue virtual cards to their suppliers across the globe. The embedded Virtual Cards solution can be seamlessly integrated into non-financial platforms, allowing businesses to offer a better customer experience that will enhance automation, cash flow visibility, and payment efficiency.
Taulia will leverage Visa’s APIs to integrate Visa virtual payment credentials, acceptance solutions, and supplier enablement services into the end-user’s ERP applications.
“Embedding virtual cards directly within the ERP landscape and having Lloyds as an issuing partner is a game-changer for corporate payments,” said Taulia Chief Product Officer Danielle Weinblatt. “This collaboration redefines how businesses manage spend, bringing greater control, automation, and working capital optimization directly into their existing workflows. By seamlessly integrating virtual cards into enterprise systems, we are not only streamlining payments but also empowering companies to unlock liquidity, enhance cash flow intelligence, and modernize their financial operations—driving smarter, more agile growth in an evolving global economy.”
This partnership comes a year after Taulia first announced it had partnered with Visa to embed Visa’s digital payments technology into its Virtual Cards offering. “By partnering with Taulia, we create synergies in working capital management and the enablement of a world class ERP provider,” Visa SVP, Global Head of Large, Middle Market Segments and Working Capital SolutionsAlan Koenigsberg said in the announcement last year.
This week’s edition of Finovate Global features an interview with Stav Levi-Neumark, CEO and Co-Founder of revenue workforce solutions provider Alta.
Founded in 2023 and headquartered in Israel, Alta leverages data and AI to help drive revenue growth at every level for businesses. The company’s AI Revenue Workforce agents ensure that everyone on the team is connected, aligned, and equipped with the data insights and AI automation they need to enable their businesses to scale efficiently and grow faster. Alta’s agents have helped produce a 3x increase in qualified leads, a 15% increase in win rates, and a 80% reduction in costs.
Our conversation with Levi-Neumark is also a part of Finovate’s and Finovate Global’s commemoration of Women’s History Month. Be sure to check out her thoughts on gender diversity, current opportunities for women in fintech, as well as her advice for female CEOs.
Can you tell us a little bit about Alta and the revenue workforce solutions business?
Stav Levi-Neumark: AI is impacting almost every industry now. But go-to-market and revenue teams across many vertical markets are struggling to fully harness AI for sustained growth. Choosing the right tools to enhance capabilities of salespeople while also automating relevant tasks is a real challenge.
Alta is an AI revenue workforce that is data-driven. It supports revenue teams, allowing each person to be like a 10x version of themselves.
Alta agents automate repetitive and mundane tasks that require limited human oversight, such as researching potential leads and conducting personalized outreach across multiple channels. The agents also provide actionable insights based on real-time data across all revenue functions. This streamlined workflow helps companies achieve improved revenue growth by working more efficiently, accelerating their sales cycle, and enabling humans to focus on relationship-building opportunities, strategic, and creative work.
Who are Alta’s primary customers and how do you reach them?
Levi-Neumark: Alta has really diverse customers across virtually every business sector, and they range from SMBs to Fortune 500 companies. We’ve been able to ramp up the number of clients we have really quickly as well, adding almost 100 customers in less than six months.
Your latest solution—AI Revenue Workforce—leverages innovations in agentic AI. Can you talk about how this technology and new product empower go-to-market and revenue teams?
Levi-Neumark: Agentic AI has endless potential to dramatically improve efficiency and drive revenue growth. By leaving automated tasks to AI agents, human-led go-to-market and revenue teams can work smarter and faster, focusing their attention where it matters most: developing strategy, building relationships, closing deals, and increasing ROI through creative thought.
AI agents in Alta’s workforce include Katie, a Sales Development Representative (SDR), Luna, an AI RevOps agent, and Alex, an AI Calling agent. The workforce can integrate into more than 50 internal and external marketing, sales, and revenue systems that include CRMs, ERPs, payment, advertising, social media tools, and more.
Alta is a very young company, founded in 2023. There has been a lot of discussion about the current environment for tech startups. How would you characterize the climate for startups today?
Levi-Neumark: The founders who thrive will be those who can harness technological advancements while building businesses with solid foundations that can stand on their own, beyond the AI hype. Here’s the advice I typically share when talking with other tech founders:
Success means your customers attribute significant revenue growth directly to your product. When they look at their business results and can clearly see your impact on their bottom line, that’s when you’ll know you’ve truly succeeded.
Maintaining balanced, healthy growth is key. While it may be tempting to focus more attention on one specific area of your organization, it’s critical to ensure all departments grow at an equal pace.
Be proactive rather than reactive to market shifts to position yourself ahead of certain trends. When deeply focused on product development and customer acquisition, it’s easy to miss emerging signals from the broader ecosystem.
Alta recently secured $7 million in seed funding. What does this investment mean for the company and what will it enable Alta to do?
Levi-Neumark: This funding solidifies Alta’s position as an industry leader in workforce intelligence automation. It will allow Alta to continue developing out-of-the-box solutions that redefine the relationship between AI and sales teams to unlock limitless revenue growth opportunities.
We plan to utilize the investment to expand into new markets, grow operations, scale R&D, and accelerate product development to meet increasing market demand from enterprise and mid-market customers. In fact, we are currently developing our newest AI agent, Greg, a sales assistant for account executives, to further bolster our workforce’s capabilities.
You are one of very few female CEOs in the enterprise AI space. Are there unique challenges to greater gender diversity in enterprise AI compared to other areas of technology, fintech, or financial services?
Levi-Neumark: I don’t feel there are unique challenges specific to the AI space compared to other tech sectors. The gender diversity issues we face in enterprise AI mirror what we see across technology, fintech, and financial services more broadly.
The fundamental challenges remain consistent: representation gaps, unconscious bias in hiring and promotion, and the need for more visible role models.
That said, I prefer to focus on the opportunity. AI is still a relatively young field, and at the end of the day, our success is what will define us. I hope more female founders and women will enter this market and look forward to welcoming them.
What advice would you give to female CEOs, especially those who are new to the role?
Levi-Neumark: I would advise female CEOs, especially those new to the role, to build strong support networks early. Connect with other female founders and executives who understand your specific challenges—these relationships become invaluable resources for candid advice and emotional support that you can’t always find within your company.
Trust your unique leadership style and perspective. There’s often pressure to conform to traditionally masculine leadership traits, but the most effective leaders bring their authentic selves to the role. Your different viewpoint is actually a strategic advantage that can help identify opportunities others might miss.
Be strategic about which battles to fight. As a female CEO, you’ll likely face additional scrutiny and challenges. Learn to distinguish between issues that are worth addressing directly and those where it’s better to let your results speak for themselves.
Prioritize building a diverse leadership team from the start. This not only leads to better decision-making, but also creates a culture where different perspectives are valued.
Finally, remember that your visibility matters. By succeeding in your role, you’re creating pathways for others. Share your journey, mentor upcoming leaders, and when possible, be the voice and representation you wished you had when starting out.
Here is our look at fintech innovation around the world.
Asia-Pacific
UK-based open banking payments company Atoa announced an integration with New Zealand-based small business platform Xero.
Robinhood announced Robinhood Strategies, Robinhood Cortex, and Robinhood Banking, introducing AI-powered investment insights and premium banking services for Gold members.
Robinhood Banking, launching this fall, will offer private banking perks such as global currency transfers, luxury benefits, and up to $2.5 million in FDIC insurance, challenging established private banking providers.
Currently lacking a banking charter, Robinhood partners with Coastal Community Bank. Obtaining its own banking license could help it directly control offerings, reduce costs, and compete more effectively with legacy financial institutions.
At an event in San Francisco last night, digital stock brokerage app Robinhoodunveiled plans for a new method of portfolio management, an AI investment tool, and a private banking offering. The new offerings come with exclusive benefits for Robinhood Gold members.
“Our goal is for Robinhood to give you a world-class financial team in your pocket, with cutting-edge tools you can’t find elsewhere,” said Robinhood CEO Vlad Tenev.
The three new products announced include Robinhood Strategies, Robinhood Cortex, and Robinhood Banking. Robinhood Strategies is a wealth management tool that offers investors more control, managed accounts, and an interactive portfolio. Robinhood Cortex is an investing tool that leverages AI to provide real-time analysis to help navigate the markets, identify opportunities, and stay up to date on news.
Much of the buzz surrounding the event seems to be focused on Robinhood Banking, and for good reason. Set to launch later this year, the new offering aims to bring the private banking experience to Robinhood Gold members. Along with traditional checking and savings accounts, members can also expect to receive “luxury benefits.” Among the differentiating factors of the new accounts, which offer up to $2.5 million in FDIC insurance, are the ability to send money across the world in 100+ currencies, access estate planning and professional tax advice, receive a physical delivery of cash to your doorstep, and access exclusive perks such as tickets to events like the Met Gala, Oscars, F1 Monaco Grand Prix, The Masters, and more, as well as private jet travel, private chauffeurs, luxury helicopter rides, and members-only vacation clubs.
Robinhood Banking will launch this fall and will offer individual and joint accounts with the option to add children’s accounts with allowances and spending limits. When the banking services go live, the Robinhood Credit Card app will become the banking app and the credit card, checking, and savings will all live in one place.
The launch of Robinhood Banking will place the company in competition with Morgan Stanley, Charles Schwab, and others that provide private banking services for a fee. And while Robinhood charges just $5 per month for its service, the fintech is missing one crucial element to becoming a fully-fledged bank: a banking license. Robinhood withdrew its application with the OCC for a bank charter in 2019 and has since partnered with Coastal Community Bank to provide banking services behind the scenes.
If (or perhaps when) Robinhood does prioritize obtaining its banking license, it will benefit by gaining more direct control over its banking operations, significantly reducing reliance on third-party banks. This move would allow Robinhood to cut costs, offer a wider range of banking products, and quickly adapt and innovate its offerings in response to market demands or customer feedback. Most importantly, having a banking charter would strengthen Robinhood’s credibility and competitive positioning among legacy financial institutions, empowering it to potentially expand beyond its current target demographic of younger investors into the broader retail banking market.
Today’s announcement comes two years after Robinhood acquired credit card company X1 for $95 million and one year after the California-based company unveiled its own credit card, the Robinhood Gold Card. Since then, the waitlist for the card has grown to nearly three million people. The company has rolled out the card to more than 100,000 people, and plans to launch it to another 100,000 people on the waitlist.
“With Robinhood Banking, we’re trying to solve many of the challenges presented by legacy banks,” said Robinhood Money GM and VP Deepak Rao. “Robinhood Banking is thoughtfully designed to be as easy to use as possible, while still delivering cutting-edge features historically reserved for the ultra-wealthy. We’re pushing the boundaries of what you should expect from your bank.”
This week’s edition of Streamly Snapshot features a pair of conversations from FinovateEurope discussing two of the hottest topics in fintech in 2025: AI and compliance.
First up, my interview with Christian Blaser (LinkedIn), Chief Technology Officer with b-next. Blaser discusses compliance for financial institutions, including specific issues in trade surveillance, insider compliance, personal account dealings, and market abuse. Blaser also provides his perspective on the role of AI and machine learning in enhancing compliance for financial institutions.
“What we initially did when we built our platform and our solutions was focus on modularity. We can easily come up with new solutions and our customers can always pick and choose from whatever offerings we provide to them. It definitely helps the client’s ability to react to any regulatory changes very, very fast.”
Founded in 1989, b-next is a compliance solutions provider and specialist in capital markets trading surveillance. With offices in Germany, the UK, and the US, b-next serves banks, brokers, supervisory entities, and energy suppliers with the solutions they need in order to meet regulatory requirements and manage operational risks.
Second, Ben Goldin (LinkedIn), Founder and CEO of Plumery talks about the rise and evolution of lifestyle banking, as well as other key trends in digital banking such as the role of AI and the demand for hyper-personalization. Goldin also discusses the impact of generative AI on all aspects of banking and what he believes is the “secret” to successful modernization in financial services.
“Plumery is a digital banking company. We’ve built a technology that we call Digital Success Fabric. The mission of Digital Success Fabric is to modernize the banking experience and essentially democratize access to delightful experiences for financial institutions globally.”
Headquartered in Amsterdam and founded in 2016, Plumery offers a digital banking experience platform that empowers financial institutions to launch their own mobile and online applications. The company’s developer-friendly platform supports constant enhancement of the customer experience, helping financial institutions meet the demands of an increasingly digital-first, tech-savvy customer base.
German trading and investing platform NAGA has announced a strategic partnership with stock research company TipRanks.
The partnership will bring advanced stock analysis and institutional-grade research tools to retail investors.
Founded in 2012, TipRanks won Best of Show in its Finovate debut at FinovateSpring 2013. The company took home Best of Show honors again at FinovateFall later that year.
Germany-based fintech NAGA has teamed up with stock research firm TipRanks. The strategic partnership will bring advanced stock analysis and institutional-grade research tools to retail investors.
“We are delighted to partner with NAGA. Both our companies are laser-focused on making data and information more readily available to all investors,” TipRanks CEO Uri Gruenbaum said. “We believe technology has an important role to play in improving outcomes for every investor, giving individuals access to the tools and insights that were once only the domain of large-scale institutions.”
The partnership will enable NAGA users to access detailed forecasts from industry analysts. This includes specific price targets for stocks, as well as recommendations for stocks over varying time periods. The partnership will also allow users to better see how hedge funds are investing in different markets, and how well the managers of those funds are performing.
Users will also benefit from TipRanks’ enhanced Smart Score solution. Smart Score ranks stocks from one to 10 based on eight key factors, including how the stock is viewed by top-performing stock analysts, whether or not hedge funds are in the process of accumulating or distributing the stock, and more. Enhancements have made the tool faster and easier to use when evaluating stocks and making buy and sell decisions.
“Our collaboration with TipRanks will yield significant benefits for our users,” NAGA CMO Valentin Ilioi said. “These enhancements represent our commitment to providing innovative tools that give our traders a competitive edge. By continually improving our platform with TipRanks’ insights, we’re ensuring NAGA remains at the forefront of social trading innovation.”
All-in-one trading platform NAGA facilitates trading and investing in more than 4,000 assets including CFDs on stocks, Forex, indicies, commodities, exchange-traded funds (ETFs), bonds, and cryptocurrencies. NAGA also offers social trading which includes an Autocopy tool that enables traders and investors to benefit from the experience of other traders and investors by following and copying their market moves. With more than 1.5 million users on its platform, NAGA is headquartered in Hamburg, Germany, and was founded in 2015.
Founded in 2012, TipRanks won Best of Show in its Finovate debut at FinovateSpring 2013 in San Francisco. The startup scored a second Best of Show award when the company returned to the Finovate stage for FinovateFall later that same year. Most recently, the Tel Aviv-based firm launched Spark AI, a comprehensive AI-powered stock analyst solution that provides data-driven insights on penny stocks and blue chip equities alike. The technology generates reports that detail strengths, risks, financials, and peer comparisons to give traders and investors the information they need in order to make better buy and sell decisions in the market.
