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Nu, the parent company of Brazil-based Nubank, is making Nu Mexico more official this week. The bank has received authorization from the National Banking and Securities Commission (CNBV) to begin operations as a bank.
The new authorization will make Nu Mexico the largest digital bank in the country, counting more than 15 million customers, a figure that represents more than 15% of the nation's population.
"We are building a new way of delivering financial…
This week's edition of Finovate Global features recent fintech headlines from companies headquartered in Israel.
Tangos AI raises $20 million in seed fundingTangos AI, an Israeli fintech that specializes in providing autonomous AI solutions for financial crime, fraud, and compliance investigations, has raised $20 million in seed funding. The round was led by Red Dot Capital Partners, and featured participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch Capital, Selah Ventures, and Bright Data.
Founded in 2025 by Eyal Azoulay, Tangos offers an advanced AI-powered investigation platform that enables financial institutions, fintechs, government agencies, and other organizations to conduct complex investigations into suspicious activity faster, more accurately, and at greater scale. Tangos is unique relative to other compliance solutions insofar as it is built to perform investigative operations automatically. The platform uses domain-specific AI models, structured investigative workflows, and expert-trained reasoning systems to evaluate evidence, test…
Swift has officially launched its new blockchain-based ledger that will support 24/7 cross-border payments with tokenized deposits, enabling funds to move in any regulated form, anywhere, with a high level of security.
The shared, blockchain-based ledger offers banks an orchestration layer for bank-issued tokenized deposits on their own ledgers. The blockchain ledger enables banks to move funds for customers 24 hours a day, seven days a week, before completing final settlement through the…
This week marks both a new customer and a new capability for nCino's Mortgage Point of Sale.
Agentic AI banking platform nCino announced this week that Cornerstone First Mortgage (Cornerstone) has selected nCino's Mortgage Point of Sale to enhance the customer experience and to support the firm's continued expansion across the US. The San Diego, California-based full-service mortgage bank chose nCino's solution for its…
A decade ago, Finovate launched its developer conference series FinDEVr. The goal was simple: to provide a place for software developers, programmers, and technologists to showcase APIs, open banking solutions, developer tools, and more during a truly revolutionary time in the history of fintech innovation.
Today, one of the biggest challenges to fintech innovation is ensuring that fintech founders get the support and funding they need to grow and succeed in an even more complex and competitive financial services landscape.
Meet IMPACTThe first-ever event bridging capital and innovation in the financial services space, IMPACT Funders & Founders comes to New York for a full day of curated investor meetings, dynamic discussions, and breakthrough pitches from innovative startups ready to scale. Running concurrently with FinovateFall, IMPACT Funders & Founders takes place on Friday, September 11, at the New York Marriott Marquis in Times Square.
Heather Stowell, Finovate VP and Informa…
According to the Wall Street Journal, JPMorgan, Bank of America, Wells Fargo, and PNC are in conversation with Fiserv about acquiring its two debit payment networks, STAR and Accel. While there is not an official deal on the table, the initial discussions surrounding the sale raise important questions about the future of the payments infrastructure in the US. If a sale of the payment networks does take place, the impact would extend far beyond Fiserv. Here are three ways it could reshape payments.
Large banks could gain more control over payment economicsRight now, banks, card networks, and merchants each play a unique role. Banks issue cards, card networks route the transactions, and merchants pay the interchange fees. Much of the value of STAR and Accel is that they route debit transactions. If all of a sudden, banks own the network, the dynamics change. The large banks that end up…
According to multiple reports, core banking technology firm Thought Machine has secured £30 million ($41 million) in funding from an unnamed Tier 1 bank that is also a Thought Machine client. The reports indicate that the investment was made in May of this year; Fintech Futures noted that the funding consisted of £9 million in primary funding and a £21 million secondary market transaction.
The investment will help power the company's R&D expansion,…
Digital banking platform Narmi announced the planned launch of AI Decision Assist today. The new agentic AI tool aims to help banks automate the account opening review process.
AI Decision Assist takes on the heavy lifting when it comes to reviewing customer applications. In addition to analyzing identity, risk, and compliance information, the tool also generates recommendations that help…
Personal finance solutions fintech Meniga launched a new product called Fini, an MCP server that enables banks to bring agentic AI into their existing platforms.
Fini, which was built with the input of five large banks, serves as the bridge between a bank's preferred large language model (LLM) and Meniga's personal finance, enrichment, and insights capabilities. Rather than building its own AI model, Meniga enables banks to pair Claude, GPT, Gemini, or another LLM with the company's financial intelligence platform, allowing customers to ask questions about their finances in natural language within the bank's website or mobile app.
Founded in 2009, Meniga serves over 100 million banking customers across 30 countries. The UK-based company's clients include UniCredit, Groupe BPCE, UOB, Swedbank, SAB, Tangerine, and Riyad Bank. Meniga's intelligence and personalization layer helps banks turn financial data into insights and proactively anticipate customer needs, promoting engagement.
Meniga anticipates that this…
Enterprise-grade card issuer Episode Six has teamed up with AI-powered dispute automation platform Decisionly in a strategic partnership designed to give card issuers an end-to-end dispute management solution. The alliance will help issuers burdened with traditional dispute and chargeback tools deal with the complexity of modern card program management.
Decisionly's technology automates the entire dispute lifecycle, including regulatory requirements, network rules, and custom program configuration. The platform delivers automation rates of greater than 95% from day one and reduces manual dispute resolution work by more than 80%. Both Decisionly's and Episode Six's platforms are based on an API-first…
Digital identity and trust services provider Signicat has partnered with digital trust infrastructure company and identity verification specialist TrustTech to bring reusable compliance checks and trusted signatures to regulated businesses via private wallet ecosystems.
The partnership combines Signicat's digital identity platform capabilities with TrustTech's trust infrastructure to help businesses transition away from fragmented identity checks, password-based authentication, and repetitive signing processes in favor of a single, private wallet-driven flow. This enables verified identity and trusted information to be established once and reused across…
Robinhood announced a handful of features last week, including the rollout of Robinhood Earn, a decentralized lending product that allows people to lend their dollar-backed USDG through a self-custody wallet at an estimated 7% APY. This estimated 7% APY on USDG stablecoin deposits is high enough to raise eyebrows, especially at a time when banks are paying closer to 3% to 4% on their highest-yield savings accounts. So how can Robinhood sustainably offer 7%?
Robinhood EarnFirst, let's take a look at the details of the launch. Robinhood Earn applies to USDG, a stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe. Robinhood is not paying 7% APY on bank deposits. Instead, the yield is generated by lending activity for Robinhood users who lend stablecoins using Morpho, a decentralized lending protocol that powers onchain lending. Just as with fiat lending, there is risk in lending stablecoins. Users…