Blog - Page 18 of 1289

TAPP Engine and Envestnet Team Up for Goals-Based Investing

By David Penn Posted on July 13, 2026
Categories: Alumni News, Envestnet, TAPP Engine

Wealthech solutions provider TAPP Engine has teamed up with wealth management and financial planning platform Envestnet.

Courtesy of the partnership, TAPP Engine will integrate Envestnet's ActivePassive ETF model portfolios into its digital investing platform.

TAPP Engine made its Finovate debut at FinovateSpring 2025. Envestnet most recently demoed its technology at FinovateFall 2021 in New York.

Embedded wealthtech solutions provider TAPP Engine will offer Envestnet's ActivePassive ETF model portfolios as part of a new partnership announced late last week. TAPP Engine will integrate these portfolios into its digital investing platform to enable credit unions and banks to offer a more customized, goals-based investing experience to their members and customers.

TAPP Engine currently offers self-directed brokerage accounts, goals-based automated investing, fractional share investing, commission-free equity trading, digital account opening and onboarding, single sign-on (SSO) integration with digital banking platforms, integrated custody and clearing services, as well as investor education and financial wellness…

How Profitability, Customer Relationships, and AI are Driving Investor Preferences in Fintech

By David Penn Posted on July 13, 2026
Categories: David's column

CB Insights recently unveiled its 2026 State of Venture Tracker. Among the top takeaways from the data is that "bigger, fewer" continues to define VC investing with deal counts at multi-decade lows and so-called mega-rounds taking up more than 80% of invested capital.

Specifically within fintech, the firm noted that while funding was up over the last 12 months compared to the previous 12 months (and by a significant 20.7%), the second quarter of this year saw a pullback of 8% in funding relative to the first quarter. The number of deals in the last three months was also significantly lower than the previous three months, by a factor of more than 27%.

What's going on? There are at least three main trends driving investment decisions in fintech as we move into the second half of 2026. Here's a look at what they are and what they mean for fintechs…

Citi Sees First Bank Goes Live with its Clearing and Token Services Solution

By Julie Muhn (@julieschicktanz) Posted on July 13, 2026
Categories: Citi, Daily news

Siam Commercial Bank is the first financial institution to go live with Citi’s integrated 24/7 USD Clearing and Citi Token Services offering.

The solution uses tokenized deposits on a private permissioned blockchain to support near real-time cross-border USD payments around the clock.

The launch shows how banks are combining distributed ledger technology with traditional banking infrastructure to reduce payment delays without relying on public blockchains or stablecoins.

Citi announced that Siam Commercial Bank (SCB) has become the first financial institution to go live with Citi's 24/7 USD Clearing and Citi Token Services. The integration enables near real-time, 24/7 cross-border US dollar payments for SCB's corporate and institutional clients.

Adopting Citi's 24/7 USD Clearing with Citi Token Services will help SCB reduce the friction that has historically limited clients' global payment operations. Traditionally, cross-border USD payments have been constrained by banking hours, weekends, and holidays, creating delays for companies operating across…

Nu Receives Full Banking License in Mexico

By Julie Muhn (@julieschicktanz) Posted on July 10, 2026
Categories: Daily news, Nubank

Nu Mexico received authorization from the CNBV to begin operating as a bank, moving from its previous SOFIPO status into Mexico’s formal banking sector.

The approval makes Nu Mexico the country’s largest digital bank, with more than 15 million customers and a presence in 98% of Mexico’s municipalities.

The bank license gives Nu a stronger platform for growth, allowing it to expand its product suite, deepen deposit relationships, and compete more directly with incumbent banks.

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…

Finovate Global Israel: Autonomous AI and Cross-Border Payments

By David Penn Posted on July 10, 2026
Categories: Equifax, Finovate Global, MasterCard

This week's edition of Finovate Global features recent fintech headlines from companies headquartered in Israel.

Tangos AI raises $20 million in seed funding

Tangos 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 Goes Live with New Blockchain-Based Ledger

By Julie Muhn (@julieschicktanz) Posted on July 9, 2026
Categories: Daily news

Swift launched a blockchain-based ledger that lets banks move tokenized deposits across borders 24/7 before completing final settlement through existing banking systems.

The ledger is designed to make blockchain interoperable with bank infrastructure, giving financial institutions a shared layer for digital money without requiring them to abandon current rails or compliance processes.

Seventeen global banks will participate in the initial pilot, moving Swift’s blockchain work from prototype to live testing with major transaction banks across six continents.

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…

nCino’s Mortgage Point of Sale Solution Gets a New Capability and a New Customer

By David Penn Posted on July 9, 2026
Categories: Alumni News, nCino

Agentic AI banking platform nCino announced a new partnership with Cornerstone First Mortgage, a full-service mortgage bank based in San Diego, California; as well as new capabilities for its Mortgage Point of Sale solution.

Cornerstone First Mortgage highlighted nCino's Mortgage Point of Sale solution in its partnership announcement, praising the technology's flexibility and mobile capabilities.

nCino also unveiled LeadGen PreQual, a new capability for its Mortgage Point of Sale solution that gives borrowers key eligibility information before opening an account or filling out a loan application.

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…

Making an IMPACT: Finovate’s Funders and Founders Event Launches This Fall

By David Penn Posted on July 9, 2026
Categories: IMPACT, Speaker series

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 IMPACT

The 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…

Thought Machine Secures $41 Million in Funding; Tops $100 Million Revenue Milestone

By David Penn Posted on July 8, 2026
Categories: Alumni News, Funding, Thought Machine

Core banking technology firm Thought Machine has raised £30 million ($41 million) in funding from an unnamed Tier 1 bank. The bank, which is both a client and an investor, made its investment in May of this year.

The funding will help support Thought Machine's R&D expansion, including a pledge to hire more than 100 new engineers in 2026.

The funding announcement comes as the company reported surpassing the $100 million revenue milestone for the year ending December 2025.

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,…

Narmi Unveils AI Decision Assist to Facilitate Account Opening Review Process

By Julie Muhn (@julieschicktanz) Posted on July 8, 2026
Categories: Daily news

Narmi has unveiled AI Decision Assist, an agentic AI tool that automates account opening reviews by analyzing identity, risk, and compliance data and generating explainable recommendations for bank employees.

The configurable platform helps banks tailor AI-driven decisioning to their own risk policies, reducing manual review times from hours to minutes and increasing approval rates by up to 6%.

The launch is an example of how banks are increasingly deploying AI to support operational decision-making in areas like account opening, fraud detection, underwriting, and compliance rather than limiting AI to customer-facing assistants.

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…

Meniga Launches New Conversational LLM Product

By Julie Muhn (@julieschicktanz) Posted on July 8, 2026
Categories: Alumni News, Alumni profile, Meniga

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…