Blog - Page 23 of 1289

Temenos Acquires Swiss Wealth Management Orchestration Platform additiv

By David Penn Posted on June 8, 2026
Categories: additiv, Mergers & Acquisitions, Temenos

Banking technology company Temenos announced its acquisition of Swiss fintech additiv in a half-cash, half-equity transaction.

The acquisition will bolster Temenos' wealth management franchise with additiv's out-of-the-box orchestration and mass affluent capabilities.

Both Temenos and additiv made their Finovate debuts at FinovateEurope 2013 in London.

Banking technology firm Temenos has agreed to acquire Swiss fintech additiv. The 50/50 cash and equity deal is expected to be completed early in Q3 of 2026.

Additiv offers a specialist platform to orchestrate financial services. The company's technology integrates process steps and data into a single orchestration layer for wealth and other financial workflows. With 30 clients in wealth management, banking, and insurance, additiv's technology enables banks and wealth managers to rapidly design and launch wealth propositions that boost advisor productivity, orchestrate investment propositions, and provide consistent client experiences at scale.

With an extensive global client base in the wealth space, Temenos will…

Reset Lands $6 Million in Seed Funding for Embedded Earned Wage Access

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

Reset raised $6 million in seed funding from credit union customers and partners to expand its embedded earned wage access platform for credit unions and community banks.

The company positions earned wage access as a tool to deepen relationships and grow deposits, reporting that cardholders increase deposits by 27%, maintain 36% higher balances, and generate 20% more interchange revenue.

Credit unions increasingly view earned wage access as competitive infrastructure to defend primary financial relationships against digital banks and neobanks.

Embedded earned wage access platform Reset unveiled today that it has raised $6 million in seed funding. The investment, which comes from credit union customers and strategic partners in the credit union and community banking space, boosts Reset's total funding to more than $8 million.

Reset will use the funds to expand its sales and implementation capacity, deepen product development, and accelerate existing deployments.

California-based Reset, which aims to serve credit…

Why Banks Should Pay Attention to a Visa–Mastercard–Stripe–Coinbase Stablecoin Alliance

By Julie Muhn (@julieschicktanz) Posted on June 8, 2026
Categories: Julie's Column, Thought Leadership

While many banks are still trying to create their stablecoin strategy (or decide to pursue a stablecoin strategy), some of the largest players in payments, acquiring, exchanges, and financial infrastructure are exploring a stablecoin collaboration.

CoinDesk reported that payments giants Stripe, Visa, and Mastercard are backing a stablecoin platform, while Coinbase is considering involvement. The move could challenge the dominance that Circle and Tether have on the stablecoin industry by helping standardize digital currency routing across legacy systems

What impact will this disruption have on players in the traditional space? Here are a few implications.

Stablecoin interoperability improves

As with many new enabling technologies in banking and fintech, stablecoins are quite fragmented. Even though Circle and Tether dominate issuance, moving stablecoins across wallets, exchanges, payment providers, and legacy financial infrastructure remains complex. Additionally, there is no universally accepted framework for how digital currency moves across financial infrastructure.

While…

Fintech Rundown: A Rapid Review of Weekly News

By David Penn Posted on June 8, 2026
Categories: Backbase, Expensify, Fintech Rundown, Jack Henry, Klarna, MasterCard

Finovate's Fintech Rundown is back with the fintech headlines you need to know as the working week begins!

We've got news of a funding in the consumer financing world, new products for financial wellness and credit trading, a collaboration in the money movement market and more. Be sure to check back all week long for the latest in fintech headlines.

Financial wellness

The US arm of BMO launches an new app developed by MSN Holding, DollarGPS, to help users improve their financial health.

Lending

Egyptian Buy Now, Pay Later firm Blnk raises $37 million in combined debt and equity funding.

Digital banking

Backbase announces a strategic collaboration with Mastercard to integrate its money movement capabilities, Mastercard Move, into Backbase Banking OS.

Credit, data, and analytics

TP ICAP unveils new credit trading and data platform, RealQ.

Credit intelligence platform Octus acquires LevPro, a front-office software provider…

Finovate Global Eastern Europe: Funding Payments, Modernizing Banks, and More!

By David Penn Posted on June 5, 2026
Categories: Backbase, Finovate Global, MasterCard, PayPal, Ripple

This week's edition of Finovate Global looks at recent fintech headlines from the Eastern European nations of Bulgaria, Albania, and Hungary.

Bulgarian Fintech Paypercut Raises €5M

Paypercut, a fintech based in Sofia, Bulgaria, has secured €5 million in seed funding. The round was co-led by Concentric, Passion Capital, and Araya Ventures, and featured participation from additional investors including SMOK Ventures, Portfolio Ventures, BrightCap Ventures, BlackWood, SABAH.fund, MFG Invest, Main Set, and Matt Doka, a payment entrepreneur. Paypercut's total funding now stands at €7 million.

Founded in response to the fragmentation of payments in Central and Eastern Europe, Paypercut has grown from a Buy Now, Pay Later aggregator into a more comprehensive payments platform. The company offers merchants access to card payments, local payment options, Buy Now Pay Later products, payment links, QR code payments, multi-currency settlement, and billing tools via a single integration. Paypercut raised €2 million in…

Cash App Experiments with New Payment Form Factors

By Julie Muhn (@julieschicktanz) Posted on June 5, 2026
Categories: Daily news

Cash App launched Cash App Tags, NFC-enabled, payment "accessories" that let customers pay without their phone or card.

The first of these new tags comes in the form of a wand, but the company said that other form factors will be available in the future.

While payments companies have tried and failed to move the payments form factor from cards and phones, the wands may succeed because they are visible, social, and impossible to ignore.

Cash App announced a new payment form factor yesterday that is so outrageous it would have dropped the jaws of payments executives in 2014 to the floor. The payments company unveiled the first release of Cash App Tags, NFC-enabled, payment "accessories" that let customers pay without their phone or card.

The pilot Cash App Tag comes in the form of a pearlescent wand, aptly called Cash App Wand. Eligible users ages 13 and up…

Finastra Unveils New Analytics Solution for Lenders Data Insights 2.0

By David Penn Posted on June 4, 2026
Categories: Alumni News, Finastra

Digital financial services software company Finastra unveiled its new analytics solution for lenders this week, Data Insights 2.0.

Available for Finastra's mortgage origination solution, Originate Mortgagebot, Data Insights 2.0 gives lenders a comprehensive view of the borrower journey through the application process to identify areas of friction and applicant drop-off.

Finastra was formed via a merger between Finovate alum Misys and D+H in 2017. Chris Walters is CEO.

A new analytics solution offered by Finastra will help mortgage lenders convert more applications into funded loans. The new tool, Data Insights 2.0, is available for Finastra's mortgage origination solution, Originate Mortgagebot, and gives lenders an accurate view of the borrower journey through the mortgage application process to identify where applicants tend to drop off. Data Insights 2.0 helps lenders pinpoint performance gaps to enhance their own processes, and features peer and industry benchmarking based on anonymized data from…

How Should Financial Institutions Think About AI and Customer Experience? Cresta’s Stacy Osorio Weighs In

By Julie Muhn (@julieschicktanz) Posted on June 4, 2026
Categories: FinovateSpring 2026, Speaker series

As financial institutions increasingly deploy AI across customer service channels, many are wondering where they should start.

At FinovateSpring in San Diego earlier this year, I spoke with Cresta Director of Customer Success Stacy Osorio about how banks, credit unions, and fintechs should think about customer experience, contact center transformation, and AI-driven automation.

One of the biggest opportunities, Osorio explained, is not simply using AI to reduce costs, but leveraging it to improve customer experiences while helping organizations better understand what is happening across customer interactions.

"Looking at customer experience through that lens, they should be thinking about the role of AI in customer experience transforming your contact center to think about ways to use AI to drive additional revenue, helping to drive that customer experience—whether that’s driving satisfaction or helping coach and innovate different ways or more automation through your AI agent," Osorio said when discussing how financial institutions…

Ramp Raises $750 Million at a $44 Billion Valuation

By Julie Muhn (@julieschicktanz) Posted on June 4, 2026
Categories: Daily news, Funding

Ramp raised $750 million at a $44 billion valuation as it expands beyond corporate cards and expense management.

The company is betting AI token spend will become a major business cost category requiring new financial infrastructure.

Ramp launched Stack, an AI-native accounting platform, as it pushes deeper into automation, accounting, and enterprise finance.

Corporate card and expense management platform Ramp is on a roll this week. In addition to launching Stack, an AI-native platform for accountants, the New York-based company also raised $750 million at a $44 billion valuation.

The $750 million boosts the company's total funds to $3.75 billion, following its most recent raise of $300 million in November of last year. Investors in this week's round include new contributors Goldman Sachs Alternatives, D.E. Shaw & Co., Morgan Stanley Investment Management, Generation Investment Management, Insight Partners, and BroadLight Capital, as well as previous investors Founders Fund, Lightspeed Venture…

Bankjoy Announces Broad Adoption of Personal Finance Platform JoyCompass

By David Penn Posted on June 3, 2026
Categories: Alumni News, Bankjoy

Digital banking provider Bankjoy announced that its personal finance platform JoyCompass is now deployed with 30 community financial institutions.

Embedded directly into users' digital banking experience, JoyCompass is designed to help boost financial wellness while giving community financial institutions valuable data to help them deepen client engagement.

Bankjoy made its Finovate debut at FinovateFall 2016 and most recently demoed its technology at FinovateFall 2023. Michael Duncan is Founder and CEO.

A year after digital banking provider Bankjoy introduced its next-generation personal finance platform, JoyCompass, the solution continues to see broad adoption by community banks and credit unions. Designed to help community financial institutions (CFIs) boost growth via client engagement, JoyCompass is embedded into users' digital banking experience, supporting financial wellness while providing CFIs with data that helps them increase client engagement and total relationship value. Today, Bankjoy announced that a total of 30 CFIs are now using the platform,…

WALLETTO Taps AMLYZE to Advance AML Compliance

By Julie Muhn (@julieschicktanz) Posted on June 2, 2026
Categories: Alumni News, Alumni profile, AMLYZE, Daily news

Financial crime innovator AMLYZE announced this week that fellow Lithuanian company WALLETTO has selected it to strengthen its anti-money laundering (AML) and counter-financial terrorism (CFT) capabilities.

AMLYZE was founded in 2019 to help fight financial crime with a range of SaaS-based products that cover real-time and retrospective transaction monitoring, customer risk assessment, AML/CFT investigations, sanctions, PEP, and adverse media screening.

WALLETTO will integrate AMLYZE’s AML/CFT platform to help reinforce its compliance framework. WALLETTO will leverage the full AMLYZE product suite, including Transaction Monitoring, Customer Risk Assessment, AML Investigations, Customer Screening, and Payment Screening.

"At WALLETTO, maintaining the highest standards of compliance, security, and operational resilience is a fundamental part of our long-term growth strategy," said WALLETTO Member of the Management Board Migle Soltysiak.

WALLETTO was founded in 2017 to offer solutions for card issuance, acquiring, and electronic payments such as SEPA and SWIFT services. The…