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Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on October 26, 2026
Categories: Bankjoy, Fintech Rundown, MasterCard, Temenos

Welcome to the working week! As October draws to a close, fintechs are raising capital, launching new offerings in agentic commerce and digital assets, and partnering with credit unions to help them modernize their operations. Be sure to check back here at Finovate's Fintech Rundown all week long for the latest updates and announcements.

Payments

Tech Mahindra and Mastercard forge strategic partnership to help companies embed secure virtual payment capabilities into their platforms.

Paymentology expands its partnership with South African fintech Mukuru.

Argentina-based payment infrastructure company Rebill raises $5.4 million in pre-Series A funding.

US-based fintech Coast raises $35 million for its payment platform.

Credit unions

Nashville-based TEN Credit Union (18,400 members; $394 million in total assets) chooses Bankjoy as its digital banking platform.

Canadian credit union Vancity (588,000 members; CAD $42.4 billion in total assets) turns to Temenos to modernize its banking.

Agentic commerce

Dispute resolution and chargeback management…

Coast Raises $35 Million to Serve Trade and Service Businesses

By Julie Muhn (@julieschicktanz) Posted on October 23, 2026
Categories: Daily news, Funding

Business financial management platform Coast raised $35 million in growth equity funding, bringing its total funding to nearly $226 million.

Coast will use the funding to expand its financial platform for trade and service businesses, invest in AI-powered expense automation and accounts payable tools, and grow its customer base.

Coast's expansion reflects a broader trend among business fintechs, including Gusto and Ramp, to offer more comprehensive financial services and deepen customer relationships.

Business financial management platform Coast raised $35 million in new growth equity funding this week. The investment brings the company's total funding to just under $226 million. The round was led by Thomvest Ventures, with participation from new investors Intuit Ventures, Small World Capital, and Alpha Square Group, as well as existing investors including ICONIQ Growth, Accel, and Insight Partners.

"The physical economy has been underserved by financial software for decades, and Coast is changing that with a…

Inbenta’s Melissa Solis and Merlin Bise on Why AI Deployments Fail and How to Get Them Right

By Julie Muhn (@julieschicktanz) Posted on October 22, 2026
Categories: FinovateFall 2026, Speaker series

As financial institutions race to adopt artificial intelligence, many are discovering that implementing AI is easier than generating meaningful results from it. In 2026, AI is no longer just a playground; organizations are facing growing pressure to demonstrate ROI, maintain regulatory compliance, and manage rising technology costs. How can firms separate successful AI deployments from those that fall short?

At FinovateFall 2026 in New York, Finovate Research Analyst David Penn sat down with Melissa Solis, CEO of Inbenta, and Merlin Bise, the company's CTO, to discuss the challenges financial institutions face when implementing AI. In their conversation, Solis and Bise explain why some organizations are abandoning their AI initiatives, how companies can avoid common deployment mistakes, and why involving employees across IT, compliance, and other departments is essential to success. They also discuss the importance of balancing automation with human expertise and introduce Inbenta's Encore platform.

"It's amazing how…

Hours After the GENIUS Act is Finalized, SoFi Launches Interest-Bearing Tokenized Deposit

By Julie Muhn (@julieschicktanz) Posted on October 22, 2026
Categories: Alumni News, Daily news, SoFi

SoFi has launched SoFi Earn (SOFIE), a bank-issued tokenized deposit that offers consumers 4.40% APY and FDIC insurance eligibility.

Customers can convert SOFIE deposits into SoFiUSD stablecoins at a one-to-one ratio to purchase cryptocurrency or transfer funds over blockchain networks.

The launch comes a day after the OCC finalized rules implementing the GENIUS Act, which restricts stablecoin issuers from paying yield, positioning tokenized deposits as an interest-bearing alternative that could help banks retain deposits.

SoFi has launched SoFi Earn (SOFIE), a bank-issued tokenized deposit for consumers. The new tokenized deposit will allow members to earn interest on their digital dollars while making them ready to use.

SoFi Earn allows customers to hold digital dollars in an interest-bearing, tokenized bank deposit that earns 4.40% APY and is eligible for FDIC insurance. When customers want to use those funds to purchase cryptocurrency or transfer money over a blockchain, they can convert their…

Checkout.com Expands into In-Person Payments

By Julie Muhn (@julieschicktanz) Posted on October 21, 2026
Categories: Daily news

Checkout.com is expanding into in-person payments after 14 years of focusing exclusively on online payments, responding to growing merchant demand.

The company is partnering with European payments platform Mollie to combine Mollie's payment terminals and point-of-sale technology with Checkout.com's acquiring infrastructure.

Checkout.com's new hardware-agnostic offering will initially launch in the UK and EEA, followed by the US, with additional markets and capabilities planned for 2027.

Digital payments provider Checkout.com unveiled plans to expand into in-person payments after spending 14 years solely focused on online payments.

The move comes in response to merchant demand and is made possible by a partnership with Mollie, a European payments platform with 350,000 business clients. The partnership combines Mollie's proprietary payment terminals, point-of-sale software, and merchant relationships with Checkout.com's acquiring infrastructure. Under the agreement, Mollie will retain control of its hardware strategy and customer experience while leveraging Checkout.com's processing capabilities to support in-person transactions.

Founded…

Spotlight Your Technology at FinovateSpring: Apply to Demo Now

By Madeline Clines Posted on October 21, 2026
Categories: Finovate Marketing, FinovateSpring 2027

FinovateSpring 2027 takes place in San Diego on May 3 through May 5. Register to attend by November 6 and save up to $600.

FinovateSpring is where the industry comes to see what’s next, and often sees it first. For demo companies, it’s an opportunity to put their technology in front of the people who matter and demonstrate what it can do, who it’s for, and why it matters. In just seven minutes on fintech’s biggest stage, companies can make a lasting impression and open the door to new opportunities.

Demo applications are now open for FinovateSpring 2027!

You’ve built something innovative. Now it’s time to show the industry what it can do.

What could your seven minutes unlock?

Your technology—front and center.
Seven minutes on the main stage to show your product live. No slides. No videos. No pitch deck. Just your technology in action.

A room full…

Cross River Acquires Accrue to Bring Loyalty to Payments

By Julie Muhn (@julieschicktanz) Posted on October 20, 2026
Categories: Daily news, Mergers & Acquisitions

CRB Group, the parent company of Cross River Bank, has agreed to acquire customer loyalty platform Accrue for an undisclosed amount.

The acquisition will integrate Accrue's branded wallet technology into Cross River's banking infrastructure, enabling merchants to offer payments, rewards, stored value, and loyalty capabilities in a single experience.

The deal reflects the growing convergence of payments and loyalty, helping brands deepen customer relationships and keep more financial activity within their own ecosystems.

The parent company of Cross River Bank, CRB Group, has agreed to acquire customer loyalty provider Accrue. While Cross River did not disclose the acquisition amount, the bank did express that the purchase will help it continue to expand its embedded finance offerings.

The transaction is subject to customary closing conditions.

Founded in 2021, Accrue powers modern customer loyalty at the payment layer. Its branded wallet platform enables merchants to connect stored value, payments, rewards,…

Mesh and Visa Make Stablecoin Balances Easier to Spend

By Julie Muhn (@julieschicktanz) Posted on October 20, 2026
Categories: Alumni News, Alumni profile, VISA

Visa has teamed up with crypto payments network Mesh to enable customers to spend their crypto and stablecoin balances as they would fiat currency. The two are combining Visa's global acceptance network with Mesh's orchestration infrastructure to allow consumers to pay in-store and online from the crypto and stablecoin balances in their wallet apps.

Mesh was founded in 2020 to enable easy payment across hundreds of exchanges, wallets, and providers. Today, the fintech has more than 200 enterprises using its network. According to Crypto.com, there are 774 million crypto owners across the globe, but they spend hardly any of the crypto they hold because of the friction involved to convert it to fiat currency. That's because customers have traditionally had to cash out their crypto to a bank account and wait or sign up for a payment card tied to a single platform. Among Mesh's customers are Kalshi, Tools for Humanity,…

U.S. Bank Taps Atomic to Simplify Recurring Payment Switching

By Julie Muhn (@julieschicktanz) Posted on October 19, 2026
Categories: Atomic FI, Daily news, US Bank

U.S. Bank has launched Payment Switch, a new tool that allows customers to move recurring bill payments to their U.S. Bank debit or credit cards without updating payment information at individual merchants.

Available to new and existing customers, Payment Switch helps users track upcoming charges, identify changes in recurring expenses, and cancel eligible subscriptions.

Developed in partnership with Atomic, Payment Switch is the third component of U.S. Bank Easy Switch, helping reduce friction in switching banks and strengthening primary banking relationships.

U.S. Bank has launched a new tool called Payment Switch to help its customers organize how they pay their recurring bills.

Customers can use the Bills & Subscriptions dashboard on the U.S. Bank mobile app to switch the payment method for recurring bills such as streaming services, cell phones, and utility bills to a U.S. Bank debit or credit card without having to change the payment credentials on…

Fintech Rundown: A Rapid Review of Weekly News

By Julie Muhn (@julieschicktanz) Posted on October 19, 2026
Categories: Fintech Rundown

We're halfway through October, and as the fall conference season ramps up, the fintech news cycle will be on a tear this week. Here's a look at what fintechs are up to in this week’s list of the top fintech news. We’ll continue to update this post with news throughout the week.

Stablecoins & tokenized deposits

Euronet and Fireblocks extend their partnership to bring stablecoins into card issuing.

Jack Henry expands collaboration with Google Cloud to deliver tokenized deposits for banks and credit unions.

JPM Coin goes live on Ethereum, extending institutional finance reach on second public blockchain.

Marqeta and Coinbase collaborate to enable stablecoin-backed card payments.

Payments

Embedded finance orchestration platform AAZZUR named a winner of TechRound’s SaaS66 2026, ranking 50th in the annual Top 66 list.

Wildfire and Badge partner to bring personalized merchant offers and rewards to mobile wallets.

KORT Payments to acquire AptPay to expand real-time…

Finovate Global Scandinavia: Funding Innovations in Open Banking and Personal Finance

By David Penn Posted on October 16, 2026
Categories: Finovate Global

This week's edition of Finovate Global features recent fintech news from Denmark, Norway, and Sweden.

Norwegian open finance innovator Neonomics raises $4 million in new funding

Open finance platform Neonomics has received an investment of $4 million. The funding comes from the Norwegian firm's existing shareholders and follows a strategic transformation that reduced its operating cost base by nearly 50% while maintaining high service quality and existing customer base.

"We have fundamentally strengthened Neonomics, creating a more focused and efficient business with a clear direction for growth," Neonomics CEO Alfonso Muñoz said. "The combination of a significantly improved cost structure, growing customer demand and continued shareholder support puts us in a strong position to execute on our strategy."

Founded in 2017 and headquartered in Oslo, Neonomics offers a full-stack open finance platform. Via a single secure API, the company unifies Pay by Bank payments, enriched account data, and AI-ready…

Mark Susser of ElevenLabs on Deploying AI Agents Successfully in Financial Services

By David Penn Posted on October 15, 2026
Categories: FinovateFall 2026, Interview, Speaker series

At a time when more and more banks and financial institutions are integrating AI-powered solutions into their systems and processes, what separates successful deployments of AI technology from failed, expensive, or incomplete ones?

At FinovateFall 2026, I sat down with Mark Susser, GTM Lead for Financial Services at ElevenLabs. In our conversation, Susser explained what separates successful AI deployments from those that stall, how companies can identify the right use cases for a given AI solution, and why modularity and meeting customers where they are are key.

"The ones that stall out typically make one of two main mistakes: One is that they have too much of a broad platform initiative. Nothing specific to prove, no use case that has been picked out, and they're more focused on what the technology could do versus what the actual business needs. Another area that we see some faltering in is…