Nevermined Raises $4 Million for Decentralized AI Payments Protocol

Nevermined Raises $4 Million for Decentralized AI Payments Protocol
  • Nevermined has raised $4 million to power AI-to-AI transactions.
  • The Switzerland-based company now counts $7 million in total funding, which it is using to build the “PayPal for AI,” enabling seamless payments between AI agents.
  • The round was led by Generative Ventures, while Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca also contributed.

AI payment infrastructure provider for AI-to-AI transactions Nevermined has raised over $4 million. The round boosts the Switzerland-based company’s total funds to $7 million.

Generative Ventures led the round, which also saw participation from Polymorphic Capital, NEAR, Halo Capital, Factor Capital, Lyrik Ventures, and Arca. In addition, Nevermined saw contributions from David Minarsch and Oak from Valory, the builders of Olas, Richard Blythman and Mark Schmidt from Naptha, and Ben Fielding from Gensyn.

“The future of commerce isn’t just about humans trading with humans anymore. It’s about AI agents transacting with other AI agents, and we need entirely new payment systems to facilitate that,” said Nevermined CEO Don Gossen.

Web3-based AI-commerce represents a shift in how transactions occur. While traditional banking and payment systems facilitate transactions between humans, AI-commerce layers in automation. With AI-commerce, AI agents interact, negotiate, and transact autonomously. The new commerce method complements the existing payments infrastructure, enabling faster, smarter, and more personalized solutions for industries like logistics, supply chain, and digital marketplaces. This agentic layer unlocks new opportunities for creativity and efficiency in both human and AI-driven economies.

Nevermined will use today’s funding to accelerate its go-to-market strategy, expand the team, and strengthen partnerships within the AI ecosystem. “This funding will allow us to accelerate our mission of building the financial rails for the emerging AI economy,” added Gossen.

Nevermined was founded in 2022 to develop what it calls the “PayPal for AI,” a system that facilitates payments between AI agents with its payments protocol built for decentralized AI tech stacks. With its AI-commerce tools, Nevermined helps AI developers manage payments, usage tracking, and credit systems for payment applications built within their own app or website. Among the company’s partners are Olas, Naptha, peaq, FLock, and Combinder.

“Current payment infrastructure was built for static transactions, like selling t-shirts on the internet, where the price of a small shirt doesn’t change over time,” said Nevermined CTO Aitor Argomaniz. “AI agents are dynamic and require an equally dynamic payments system that can respond instantly to new requests. We’ve built the foundation already, and now we want to grow user adoption from both AI builders and AI agents.”


Photo by GuerrillaBuzz on Unsplash

How Do JP Morgan’s New POS Terminals Stack Up Against the Competition?

How Do JP Morgan’s New POS Terminals Stack Up Against the Competition?
  • J.P. Morgan Payments introduced two new branded payment terminals, Paypad and Pinpad.
  • The new payment hardware terminals offer touchless, biometric payment capabilities and help expand J.P. Morgan’s omnichannel commerce ecosystem.
  • Both Paypad and Pinpad will launch in the U.S. later this year and internationally after that.

JP Morgan Payments launched two new payment terminals this week, J.P. Morgan Paypad and J.P. Morgan Pinpad. The two new hardware terminals will complement J.P. Morgan’s existing omnichannel payments solutions that offer in-store, online, and embedded payments solutions for a wide variety of merchants.

While both products are expected to launch in the latter half of this year in the U.S. and internationally after that, they have different purposes. Paypad is an all-in-one tablet terminal that enables merchants to accept payments with a built-in biometric palm and facial technology that allow users to conduct touchless transactions. Available in an eight-inch touch screen, the portable terminal is set up to accept payments via chip, contactless, swipe, QR code, and biometric authentication via wi-fi or 5G connection.

Like Paypad, Pinpad also accepts chip, contactless, swipe, QR code, or biometric payments. And while the device is only the size of a traditional pinpad, it also offers touchless transactions via palm and facial recognition with a built-in infrared camera.

While J.P. Morgan already supported merchants with a suite of POS terminals, mobile payment solutions, and integrations for card-present transactions, the hardware was provided through Chase Payment Solutions, J.P. Morgan’s merchant services division. In contrast, this week’s launch provides in-house, branded hardware that complements J.P. Morgan payments’ existing commerce ecosystem.

How do the J.P. Morgan’s new Paypad and Pinpad stack up against the competition? Here’s a look at how some of the major POS hardware players in the space compare.

Square

While Square’s offerings provide similar portability, J.P. Morgan’s solutions likely provide better integration for larger enterprises.

Clover

Clover is known for flexibility and a rich app marketplace. It also caters more to small businesses. In contrast, while J.P. Morgan offers tools for small businesses, it tends to target more enterprise customers.

Stripe

Stripe’s POS terminals are known for their strong, developer-centric API integrations. By contrast, JPMorgan’s omnichannel payments solutions offer more support for non-tech-savvy businesses.

Overall, J.P. Morgan’s new Paypad and Pinpad offer enough differentiation from competition in the point of sale realm. What will truly help the firm exceed in its new launch, however, are both its solid reputation and its relationships with its existing customer base.

Why Youth Banking is Set to Surge in 2025

Why Youth Banking is Set to Surge in 2025

The youth banking market has seen growth over the past decade, but it still has a long way to go. Throughout the years, banks have focused much of their efforts on chasing the customers with the most money. Higher net worth customers can increase a bank’s deposits, be willing to take advantage of more of the bank’s product offerings, and often come with lower risk of default. Children and teens, however, are less appealing of a market, as they generally do not add a lot of assets and can come with additional headaches, such as special regulatory requirements.

That said, 2025 may be a breakout year for youth banking, which is set to experience significant growth as enabling technologies, evolving customer needs, and market opportunities create a perfect storm.

FinTok is making finance cool

Short form video platforms like TikTok, YouTube, and Instagram have evolved from places to post fun dance videos to become hubs for financial education and empowerment. This is especially true for Gen Z users, who spend a lot of time on these social platforms. The financial niche of TikTok, FinTok, has turned into a channel in which influencers simplify financial concepts, share savings and investing tips, and make financial education entertaining.

Banks and fintechs have yet to fully embrace this style of communication, largely because of the regulatory implications. Whether or not they are trying to reach out to clients on the social platforms, however, the fresh content is working to promote new interest in finance among younger generations. In 2025, banks that embrace the FinTok trend could stand out as financial partners for a new generation of financially curious consumers.

Financial education is on an upswing

The U.S. historically has been poor at integrating financial literacy in education systems, but that is rapidly changing. Schools, nonprofits, fintechs, and banks have increasingly prioritized financial education, integrating it into curricula and offering free resources to both parents and children. We’ve also seen a rise in apps that gamify learning about savings, budgeting, and investing. For banks, this means that now in 2025, young consumers not only have interest in the financial ecosystem, but they are also starting off with a strong foundation and a greater appetite for digital financial tools.

Youth-centric features are increasingly common

Gone are the days when “youth banking” meant a basic savings account with parental oversight. In 2025, you can expect to see these platforms include a wider range of features, including gamified savings goals, allowance management, safe spending controls, and even investment tools tailored to teenagers.

Banks and fintechs that prioritize these youth-centric tools with intuitive design elements will create stickier products. Many are doubling down on youth-friendly offerings via partnerships with companies such as Greenlight, which partners with a wide range of banks, including U.S. Bank, to empower families with financial tools.

Youth banking tools offer a means of differentiation

With the fintech landscape becoming increasingly crowded, youth banking tools provide an opportunity for differentiation. By offering new, unique features for traditionally underserved kids and teens, firms can stand out while capturing an untapped market segment.

Youth-focused offerings also serve as a way to engage the entire family, as parents will likely appreciate tools that not only educate their children about money, but also offer a starting point for them to establish their financial standing. As the banking landscape becomes more crowded in 2025, we can expect to see more youth tools that serve as a differentiator.

The great wealth transfer is already underway

The great wealth transfer, the impending movement of $84 trillion in wealth from Baby Boomers to Millennials and Gen Z is one of the most significant financial shifts of our time. In fact, the funds transfer is already underway as some Millennials and Gen Z have already started receiving inheritance. As organizations seek to capture this wealth, marketing to children and teens will allow firms to capture some of the wealth from those who are just starting their financial journeys.

Millennial parents are seeking to break the cycle

Millennials experienced financial hardship during the 2008 recession and some are still reeling from a combination of that downturn and burdensome student loans. The majority of Millennials are now parents, and because many feel like they were shortchanged in financial education and opportunities, they are are determined to equip their children with better financial habits.

Unlike previous generations, many Millennials are actively seeking to teach their kids about money management from a young age. Youth banking platforms, with features like savings goals and educational resources, align well with this parental mindset.

For banks and fintechs, 2025 is a great time to take advantage of dual opportunity. Not only can they capture the next generation of customers, but they can also strengthen relationships with their existing customer base of Millennial parents.


Photo by Kindel Media

Clearwater Analytics to Buy Investment Management SaaS Platform Enfusion for $1.5 Billion

Clearwater Analytics to Buy Investment Management SaaS Platform Enfusion for $1.5 Billion
  • Clearwater Analytics is acquiring portfolio management and risk systems provider Enfusion for $1.5 billion.
  • The acquisition expands Clearwater’s market reach, leveraging Enfusion’s expertise in hedge funds, its strong international presence, and a $1.9 billion increase in its total addressable market, while also aiming to save $20 million through operational efficiencies.
  • Enfusion will benefit from Clearwater’s infrastructure and AI expertise.

Investment management solutions company Clearwater Analytics is acquiring Enfusion, a portfolio management and risk systems provider. The deal, advised by J.P. Morgan Securities, is expected to close for $1.5 billion.

“Today’s announcement is about creating a future where our clients benefit from the synergy of two highly complementary, innovative software leaders, paving the way for a unified, cloud-native, front-to-back platform that’s primed to serve institutional investors like never before,” said Clearwater Analytics CEO Sandeep Sahai.

Illinois-based Enfusion was founded in 1998 to help investment managers generate higher returns for their investors. The company’s cloud-based software, analytics, and middle/back-office managed services help institutional investment managers, hedge funds, and family offices build cultures of real-time, data-driven intelligence mixed with collaboration to make faster, more informed decisions while scaling their operations effectively.

“This transaction marks an exciting new chapter for all of Enfusion’s key stakeholders. Since our inception, we have proven that the versatility, scale, and depth of our solutions captures the hearts and minds of both traditional and alternative investment managers,” said Enfusion CEO Oleg Movchan. Together with Clearwater, our shared passion for building innovative technologies and enriching every aspect of the client journey will now accelerate and enhance our combined ability to support our clients’ evolving needs — whether they are expanding into new strategies, asset classes, or geographies.”

Clearwater Analytics automates the entire investment lifecycle with portfolio planning, performance reporting, data aggregation, reconciliation, accounting, compliance, risk, and order management. The Idaho-based company’s clients use its single instance, multi-tenant investment reporting software to aggregate, reconcile, and report on more than $7.3 trillion in assets across thousands of accounts every day.

Clearwater is acquiring Enfusion to advance its goal of creating a comprehensive, cloud-native platform that serves the entire investment management lifecycle. By integrating Enfusion’s front-office capabilities with its own middle and back-office solutions and client reporting tools, Clearwater aims to deliver a seamless end-to-end solution. The acquisition also expands Clearwater’s reach, leveraging Enfusion’s strong international presence as well as its expertise in the hedge fund market, which alone is expected to increase the total addressable market by $1.9 billion.

Enfusion stands to benefit significantly from the partnership, as well. Clearwater’s advanced execution infrastructure and expertise in generative AI are expected to enhance Enfusion’s operational efficiency and improve unit economics. Furthermore, Clearwater anticipates achieving $20 million in cost savings over the next two years, largely through streamlining general and administrative expenses.

“We expect to accelerate growth based on our increased right-to-win, higher back-to-base sales, greater presence across key geographies, and increased total addressable market. Coupled with our operating rigor and use of Generative AI, we have high confidence that we can drive meaningfully improved unit economics at Enfusion while also growing its emerging managed services business. Most importantly, this acquisition enables seamless data management from the front office to the back office, unlocking powerful network effects that amplify client value,” added Sahai.

Clearwater’s purchase price for Enfusion is $11.25 per share, which will be delivered in an equal mix of cash and stock. Clearwater has also agreed to pay $30 million to terminate Enfusion’s tax receivable agreement.


Photo by Mikhail Nilov

Transcard Brings its Payment Orchestration Capabilities to Canada

Transcard Brings its Payment Orchestration Capabilities to Canada
  • Tennessee-based Transcard is expanding to Canada.
  • Transcard has partnered with Xodus Travel Services to enhance digital payment experiences with its SMART Suite platform.
  • The expansion into Canada comes a month after Transcard earned authorization from the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in the U.K. 

Tennessee-based Transcard is bringing its payment orchestration capabilities north of the border this week. The company recently went live with its first Canada-based customer, Xodus Travel Services. Xodus is leveraging Transcard’s SMART Suite to facilitate payment orchestration and enhance its digital payment experience.

“We’re excited to partner with Transcard as they expand their payment solutions in Canada,” said Xodus President and CEO David Rivelis. “By enabling their fast, secure, digital payment solutions, Xodus Travel Services will offer policyholders an improved claims experience with payment optionality and real time payment options.”

Transcard’s SMART Suite offers a range of tools to help banks, businesses, and fintechs make and receive digital payments and share payment data with their customers and suppliers. The embedded payment capabilities facilitate any payment type over any payment rail using any originating bank account. They work for both single and mass payments and can take place in real-time or be scheduled.

Transcard supports international payments across multiple currencies and languages, including Canadian French. Its solutions are designed to comply with global regulations, such as GDPR, RPAA, and PIPEDA, ensuring robust data protection standards.

“Launching in Canada marks a significant milestone in the company’s mission to enhance digital payment solutions worldwide,” said Transcard CEO Greg Bloh. “We’re excited to expand our capabilities, build more strategic partnerships and support customers in Canada.”

Transcard said that it plans to go live with more Canadian bank connections later this year. The company will also introduce real-time payment options including the Interac payment rail, virtual card capabilities, and push to debit.

Today’s news comes about a month after Transcard was granted authorization by the U.K. Financial Conduct Authority (FCA) to serve as a payment institution in the U.K. 

Transcard was founded in 2012 and debuted a payments disbursement capability, Panuver, at FinovateSpring 2016. The company, which serves more than 500 companies with over 50 separate payment functions, offers solutions that combine multi-rail capabilities, embedded workflows, system of record integration, and reconciliation to support both B2B and B2C payments.


Photo by Andre Furtado

Streamly Snapshot: Unpacking the Impact of Automation in Finance

Streamly Snapshot: Unpacking the Impact of Automation in Finance

Automation has helped the financial services industry advance rapidly. It not only helps firms save costs and better serve users, but it has also influenced everything from customer service to regulatory compliance. However, as the industry continues to embrace automation, what should financial institutions consider to ensure innovation doesn’t overshadow empathy and trust?

In this Streamly video, Finovate Research Analyst David Penn and ShareFile Director of Sales for Financial Services Matt Geiger speak about the transformative effects of automation on the finance sector. They explore the opportunities, challenges, and the balance required to implement automation effectively while maintaining a human touch.

“In some ways, automation is awesome because we can take these workflows and have our people focus on more specialized activity… The place that we need to find when we’re talking about automation is to find the balance between [automation and manual activity]. What should I automate and what should I have as a personalized customer experience that’s not automated where humans can interact with each other? And we need to have a balance of both of those things.”

ShareFile provides secure document sharing and workflow automation solutions for companies in a range of industries. Founded in 2005, the North Carolina-based company helps its financial services clients document workflow automation, enhance and simplify their client collaboration, and it also aids them in regulatory compliance.

Matt Geiger has been with ShareFile for three years and currently serves as the company’s Director of North American Sales. With over 20 years in tech sales, Matt develops go-to-market strategies that deliver exceptional value. Before ShareFile, he spent 13 years in the partner community, building strategic alliances and driving success. Matt began his career as a teacher and coach, shaping his leadership style and commitment to team development.


Photo by Pavel Danilyuk

FinovateEurope 2025: Exploring the Future of Fintech with Top Futurist Tracey Follows

FinovateEurope 2025: Exploring the Future of Fintech with Top Futurist Tracey Follows

FinovateEurope 2025 takes place in London on February 25 and 26. Register to attend and save up to £400.

Now that 2025 is well underway, we’re starting to get a better picture of what this year’s FinovateEurope event will look like. Taking place in London on 25 and 26 February, the two-day event will feature live demos from 30+ companies, as well as panel discussions on the hottest fintech topics and keynote presentations from major industry thought leaders.

The headliner keynote address, titled Artificial intelligence – are we overestimating the short term impact & underestimating the long term impact?, will be delivered by Professor Tracey Follows. AI was quick to establish itself as a long-term trend line. Will everything in this decade be defined by AI? And what does this mean for financial services?

Follows, who Forbes listed as one of the Top 50 Female Futurists in the World, will address these questions and offer her thoughts into what else the future has in store for banks.

Follows teaches strategic foresight at London Business School to Senior Executive Leadership and Corporate Management programs globally. She is also Visiting Professor in Digital Futures and Identity at Staffordshire University. She writes a regular AI/Innovation column in Forbes and speaks regularly at AI conferences; her expertise is highly regarded. She is also the CEO of futures consultancy Futuremade, working with the world’s biggest global brands and businesses. Recent clients include Coca-Cola, Tesco, PZ Cussons, Snapchat, Google, Diageo, Sky, Lego, Farfetch, Conde Nast, BT, Telefonica, the IAB, Women’s Business Council and Virgin.

In an interview with Thinking Differently, when asked what a futurist does on a day-to-day basis, Follows said that she is always on the lookout for signals of change. She said that she spends a lot of time at the frontiers of technologies, art, and science.

Follows describes herself as an “anxious optimist” because she is optimistic about the future, but she is anxious that situations might not always turn out to meet the optimistic expectations.

For more details about FinovateEurope, visit the homepage, take a look at the demoing companies, and check out the agenda.


Photo by Pixabay

doxo Launches doxoBILLS to Further Facilitate Consumer Billpay

doxo Launches doxoBILLS to Further Facilitate Consumer Billpay
  • doxo launched doxoBILLS, a new platform that combines six key features to help consumers manage household finances more effectively.
  • Among the new tools are all-in-one bill pay, real-time bank balance insights, credit score protection, $1 million in identity theft protection, and utility usage tracking.
  • While doxoBILLS offers standard features for free, premium options like identity theft protection and overdraft safeguards are available through the doxoPLUS subscription, priced at $5.99 per month.

Online billpay fintech doxo released its latest tool to help consumers stay on top of their household finances. The Seattle-based company launched doxoBILLS today, a single platform that offers six key features that aim to give consumers insight into and control of all of their household bills in a single place.

“We’re proud to introduce doxoBILLS, the next generation of our all-in-one bill pay product. doxoBILLS is the first and only solution to incorporate all six essential elements of paying bills into one simple and safe platform,” said doxo CEO and Co-Founder Steve Shivers. “This is a huge step for our continued mission to empower consumers in organizing and paying their household bills, which represent the most fundamental financial obligations of every American household. Legacy bill pay systems are fragmented – almost always organized around individual billers or individual financial institutions – but doxoBILLS puts the consumer in the driver’s seat, enabling a simple view of all bills and due dates, the ability to pay any bill with any financial institution, and integrates essential financial protections to improve credit, help reduce late fees and overdraft fees, and protect online security.”

doxoBILLS is built on doxo’s Bill Pay Operating System (Bill Pay OS), the company’s flagship service that enables payment management. doxoBILLS adds to this capability by bringing together not only all-in-one billpay, but also a wallet that keeps customers’ payment credentials hidden from billers, a bank balance feature that helps mitigate bank overdrafts by showing the consumer their current account balance in real time, credit score insight and protection, $1 million in identity theft protection, and utility usage insights.

Users can access doxoBILLS on the doxo mobile app and website. doxo offers its standard benefits for free, including the ability to pay any bill for free with a linked bank account. Users seeking premium features, such as identity theft protection, credit score protection, and overdraft protection, can sign up for a doxoPLUS subscription, which currently costs $5.99 per month (plus tax, where applicable).

Founded in 2008, doxo allows U.S. consumers a single place to pay over 120,000 billers using a standard checkout and secure payment experience. doxo leverages Plaid to securely access the consumer’s bank account, a feature that allows users to keep their account data secure. To date, 10 million people have used doxo’s billpay experience.

The new doxoBILLS product creates a recurring revenue stream for the company while also giving users more reasons to engage with their accounts. Features like identity protection and credit score monitoring will encourage existing users to log in more often and attract new users to the platform.


Photo by Mikhail Nilov

TransUnion to Buy Credit Eligibility and Distribution Platform Monevo

TransUnion to Buy Credit Eligibility and Distribution Platform Monevo
  • TransUnion will acquire credit eligibility and distribution platform Monevo, expanding its capabilities in credit prequalification and personalized credit offers.
  • Financial terms of the deal were not disclosed.
  • TransUnion originally acquired a 30% stake in Monevo in 2021 and will acquire the remaining ownership position from Monevo’s majority stakeholder, Quint Group Limited.

Credit protection platform TransUnion announced it will acquire credit eligibility and distribution platform Monevo. Terms of the deal, which is expected to close by the second quarter of this year, were not disclosed.

U.K.-based Monevo was founded in 2008 to help comparison websites and online publishers embed personalized credit offers into their websites. It also works with more than 150 banks and credit providers worldwide, using centralized technology to connect lenders with publishers. This lets consumers see their chances of being approved for credit products before applying, which helps them save time and protect their credit scores from unnecessary checks.

“I founded Monevo to improve access to credit for consumers through technology, and today it is powering credit distribution for some of the world’s largest banks and lenders,” said Quint Group and Monevo CEO Greg Cox. “This acquisition is the natural next step in Monevo’s future growth and success, and would unlock new opportunities to innovate by uniting these two complementary businesses, whose values are already strongly aligned.”

In October 2021, TransUnion formed a strategic partnership with Monevo, acquiring a 30% stake in the company. Today, TransUnion has agreed to acquire the remaining ownership position from Monevo’s majority stakeholder, Quint Group Limited.

“Over the last three years, our partnership with Monevo has helped address gaps in the consumer experience. Together, we plan to deliver high-quality offers at scale with minimal support needed from our partners,” said TransUnion President, U.S. Markets Steve Chaouki. “Additionally, we continue to make good progress on broadening our value proposition and go-to-market strategy in the direct-to-consumer business and expect to have more to share in the coming quarters.”

Today’s acquisition enables TransUnion to enhance its credit prequalification and distribution capabilities. By integrating Monevo’s technology, TransUnion will connect its lender clients with consumers through more personalized credit offers. This partnership strengthens TransUnion’s ability to serve both lenders and consumers, streamline customer acquisition for financial institutions, and empower consumers to make informed borrowing decisions with minimal impact on their credit scores.


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Eltropy Acquires Collections Technology Provider Lexop

Eltropy Acquires Collections Technology Provider Lexop
  • Eltropy has acquired collections technology provider Lexop for an undisclosed amount.
  • Eltropy will integrate its AI-powered communication solution with Lexop’s compassionate debt resolution technology to help community financial institutions streamline collections, reduce delinquencies, and improve borrower experiences.
  • The combination of Lexop’s self-service payment portal and Eltropy’s communication platform will allow borrowers to easily make payments while enabling lenders to recover debts faster.

Unified conversations platform Eltropy unveiled yesterday that it has acquired collections technology provider Lexop. Financial terms of the deal were not disclosed.

Eltropy envisions that by combining Lexop’s collections technology with its own AI-powered communications platform, it can help to modernize debt repayment and collections processes. Ultimately, bringing the two technologies together will help community financial institutions (CFIs) reduce and prevent delinquencies, collect faster, and enhance the user experience for borrowers.

“The world needs a better way for people to pay their debt obligations. Today’s phone-call-driven experiences are extremely inconvenient for the borrower, making it difficult for CFIs to collect debt payments on time,” said Eltropy CEO and Co-Founder Ashish Garg. “By combining Lexop’s people-first collections technology with our AI-driven communications platform, we’re delivering an offering that increases effectiveness with empathy.”

Canada-based Lexop was founded in 2016 to offer a compassionate debt resolution platform for credit unions. The technology automates text, email, and voice payment reminders that meet members in their preferred digital channels. With the collections platform, lenders can allow their members to make payments through a self-service payment portal that is integrated into the lender’s existing website and available 24/7. Eltropy will leverage this self-serve solution to allow its CFI clients to easily make payments with two clicks, helping to prevent avoidable delinquency.

“We built Lexop to create a better past-due member experience,” said Lexop CEO and Co-founder Amir Tajkarimi. “By joining Eltropy, we are reinventing loan repayment and collections, helping credit unions and community banks improve recovery rates while preserving relationships with their members. We have been watching Eltropy take the CFI world by storm and could not be more excited to join hands.”

Today’s deal marks Eltropy’s third acquisition after purchasing POPi/o and Marsview.ai in 2022. Logistically, Eltropy will continue to operate out of its headquarters in Santa Clara, California and Lexop will continue its operations in its headquarters location of Montreal, Quebec.

Eltropy serves over 650 credit unions and community banks in North America with communications solutions that aim to help firms mitigate fraud, grow deposits, facilitate payment reminders, streamline mergers and acquisitions, and more. Since launching in 2013, Eltropy has helped power more than 200 million conversations. The company demoed Eltropy One, its all-in-one omni-channel communication solution, at FinovateFall 2022.


Photo by Tara Winstead

Axway to Bring Open Banking to Regions Bank

Axway to Bring Open Banking to Regions Bank
  • Regions Bank has selected Axway to implement open banking.
  • Regions will use Axway’s Amplify Open Banking solution to enable secure, API-based data sharing for its consumer, corporate, and wealth management clients.
  • With the CFPB’s 1033 rule on the horizon, Regions is getting a head start on compliance, emphasizing customer education and consent management.

Enterprise data integration company Axway announced it is sharing its “open everything” mentality with Regions Bank. The Alabama-based bank has selected Axway to bring open banking capabilities to Regions’ consumer banking, corporate banking, and wealth management customers.

Regions will be using Axway’s Amplify Open Banking solution. Built on Amplify’s API Management Platform, the Amplify Open Banking solution helps firms simplify compliance and integration with its low-code/no-code capabilities that speed up time to deployment.

When the implementation is finalized, Regions will allow its corporate banking clients to leverage Amplify’s Marketplace feature to connect their Regions financial data via APIs. Additionally, the bank’s consumer banking and wealth management clients will be able to select which third parties they’d like to share their financial data with in a process that will remove the need for third-party platforms to save their banking credentials on their own systems. Ultimately, Regions will benefit from a more secure connection between the customer’s bank account and third party platforms.

“At Regions, our focus is on serving customers when and where they want,” said Regions Bank Emerging and Digital Payments Group Manager Tim Mills. “As customers continue to grant access to their financial data to third party applications, this new solution will help capture customer consent, remove the need for credential sharing to third parties, and provide another layer of security to protect customer data. Open banking is the future, and we are pleased to work with Axway to make banking easy for customers who turn to Regions time and again for their banking needs.”

Open banking has become a hot topic in the U.S., now that the Consumer Financial Protection Bureau has formally issued its 1033 rule that will mandate banks to participate in open banking. Partnering with Axway will offer Regions a head start on the bank’s required adoption date of April 1, 2027. Select smaller firms have until 2030 to comply.

Through Amplify, which is projected to launch in the coming years, Regions customers will receive a one-time prompt from the third-party platforms they use that will reenter information on their accounts.

“We are excited to extend our work with Regions to help provide secure, standardized access to data,” said Axway Vice President for Financial Services and Open Banking Tom Hogan. “This allows their customers to benefit more from the expanding ecosystem of next generation fintechs and third-party data providers.”

Regions also mentioned in today’s release that it will provide educational materials through multiple channels in order to inform customers on the launch. Given that one of the biggest hurdles in open banking adoption is consumer trust, Regions’ proactive approach to educating its customers and offering a consent management portal demonstrates that the bank understands this challenge. By empowering customers with tools to manage their data access, Regions is not only ensuring compliance but is also building the trust necessary for open banking to thrive.

Streamly Snapshot: Balancing High-Tech and High-Touch Strategies in Digital Banking

Streamly Snapshot: Balancing High-Tech and High-Touch Strategies in Digital Banking

Since the dawn of fintech, financial services companies have struggled to find the sweet spot of “high tech” vs. “high touch.” However, in today’s technology saturated environment, finding the perfect balance between automation and personal interaction is crucial. While technology enables scalability and efficiency, customers still value connecting with a human for complex financial decisions. This balance — where high tech meets high touch — is shaping the future of digital banking.

In the following Streamly video, Finovate Research Analyst David Penn speaks with Christopher Hollins, Head of Solution Sales and Delivery at Silicon Valley Bank (SVB), who highlights the transformation of B2B client expectations through digital channels and how SVB’s approach combines high-touch and high-tech strategies.

We spend a lot of time from a design perspective recognizing the user trends both on the consumer side, as well as the business side, and figuring out what’s the most logical thing we can do to avoid obstacles and make things very simple and straightforward. We always say that we want people to feel comfortable doing banking at 4:17 pm and 4:17 am, which means that your digital capabilities must be up to snuff and that you must be able to create an experience that they feel comfortable working with you any time of day,” said Hollins.

SVB is a division of First Citizens Bank that provides commercial and private banking services to individuals and companies. Originally founded in 1983, SVB focuses on investing in high-growth companies that tend to be on the cutting edge of innovation. In fact, 50% of U.S. VC-backed tech companies with IPOs in 2024 are SVB clients.

Hollins sits at the helm of SVB’s Global Solution Sales and Delivery, where he drives business growth and fosters team motivation. With a focus on sales strategy, design integration, and product marketing, Hollins’ team has successfully executed strategies that resonate with the unique demands of the fintech industry and the innovation economy.

For more video interviews, be sure to check out Finovate’s other Streamly content.


Photo by Leonardo Iheme on Unsplash