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Trustly Holding AB announced that its parent company, Trustly, has received signed equity commitment letters of more than $40 million from Nordic Capital, Trustly's principal shareholder, and Alfvén & Didrikson, to fund a capital raise in the firm. The company will use the capital to fund the next stage of its growth strategy, accelerating the development of new products that will use AI to transform payments into intelligence that helps businesses win…
It's the first full week of October, which means it is officially Spooky Season. However, while there's lots of fintech news to catch up on this week, none of it is too scary. So take a peek 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.
Business financial managementBasware completes acquisition of Trustpair.
Agentic commerceConstructor launches agentic checkout powered by Stripe.
PaymentsVerifone launches new Commander products designed to help partners across convenience stores and gas stations grow.
Payments Canada welcomes six new members, including Nium.
Digital bankingEngine by Starling powers Tangerine Bank’s new business client offering.
Fraud and identityTrulioo strengthens identity verification for Fiserv clients across global markets.
Payment experience company PayNearMe unveiled its latest tool this week. The California-based company is launching an AI Servicing and Collections Agent, an AI agent to facilitate inbound self-service for consumers and outbound engagement about collections.
PayNearMe's new Agent calls and texts customers, answers inbound calls, and helps customers make or schedule payments, resolve payment issues, and address other account needs. While the tool can help automate much of the collections process, it can…
This week's edition of Finovate Global features the latest fintech news from Indonesia.
Digital financial platform DANA secures investmentIndonesian digital financial platform DANA has secured an investment from 01Fintech, the growth-stage fintech private equity arm of 01FGroup. Financial terms of the transaction were not disclosed.
A leading Indonesian digital e-wallet and financial services platform, DANA serves consumers, merchants, and financial institutions, providing digital payments, QRIS, money transfers, and AI-powered financial solutions. Founded in 2018 and headquartered in Jakarta, DANA supports millions of users in both metropolitan and non-metropolitan regions of the country, as well as micro, small, and medium enterprises (MSMEs), especially across Tier 2 to Tier 4 regions.
"We are pleased to welcome 01Fintech to DANA's journey," company Co-Founder and CEO Vince Iswara said. "Beyond capital, 01Fintech brings specialized fintech expertise, strategic regional connectivity, and a shared commitment to sustainable growth. Together, we remain focused on strengthening our…
Payment infrastructure fintech Stripe has agreed to acquire embedded finance platform Parafin. The move comes about a month after the California-based company acquired legal infrastructure startup Clerky, marking Stripe's third acquisition this year and its 24th overall. Financial terms of the agreement were undisclosed.
Founded in 2020, Parafin offers platforms like DoorDash, Gusto, Jobber, and Mindbody provide credit offerings for their small business customers. Since launch, the company has helped more than 60,000 businesses gain access to capital. In addition to…
For years the discourse on technological innovation in banking and financial services favored the fintechs. But is it possible that the ones best positioned to take advantage of the biggest technological revolution in decades—artificial intelligence—aren't bold, new fintech startups, but are instead banks and credit unions?
In this fascinating conversation with Rob Rooney, Co-Founder and CEO of Hyperlayer, we discuss what banks and credit unions can do to overcome the disadvantages of legacy technology, and how these financial institutions can leverage trust and community relationships to "win the future" of agentic finance and the agentic economy.
"Incumbents are very well positioned. They have the customers. They have the regulatory approvals. They have the breadth of products and, critically, they have the trust. They have to leverage those advantages and lean into the agentic economy. It's coming, but with the trust factor they can really be winners here."
https://www.youtube.com/watch?v=Gq4kTZETHZc&list=PLZS3s3f_02JU&index=3Rooney is…
EquiTrust Life Insurance Company announced a strategic partnership with life and annuity platform Sureify this week. The collaboration is designed to advance EquiTrust's digital transformation, modernizing the firm's technology infrastructure by connecting systems, enhancing the flow of data, and reducing operational complexity throughout the business.
At the center of the partnership, EquiTrust will deploy Sureify's CoreCONNECT platform, connecting its core systems via a single, modern integration layer that allows data to move internally with greater efficiency. CoreCONNECT will also help EquiTrust comply with data exchange standards set by the Insured Retirement Institute. The platform is designed to give distribution…
Small business digital banking platform Bluevine has agreed to be acquired by Valley National Bank ("Valley"). The approximately $340 million transaction will consist of approximately 75% cash and 25% Valley common stock.
Bluevine serves 175,000 small business customers and has served more than 415,000 businesses since inception. The company offers an integrated suite of digital banking, payments, lending, and financial management solutions—including high-yield business checking, accounts payable, debit and credit cards, loans, and lines of credit—all tailored for small and medium-sized businesses. The acquisition by Valley will enhance the financial institution's funding…
Digital banking development platform Plumery unveiled its DBP Rescue Plan this week. The new offering is an international program designed to help banks and other financial institutions transition away from digital banking platforms that no longer serve their needs.
Plumery’s DBP Rescue Plan removes the primary barriers to migration, providing financial institutions with a defined path away from their current platform that doesn’t require them to take on the full risk and expense of switching platforms. Plumery…
Financial services software provider Finastra announced a pair of new offerings this week.
Finastra Supply Chain Finance (SCF) will help banks scale working capital programs faster and stimulate growth. SCF is integrated with Finastra's Trade Innovation and Loan IQ platforms via the Nexus API suite and allows banks to offer connected trade, lending, and supply chain finance services.
SCF supports buyer and supplier acquisition, onboarding, fulfillment, servicing, risk management, and secondary market distribution. The technology provides straight-through processing and connects with ERP systems and trade ecosystem partners through the Nexus API suite. SCF also offers a rich data foundation for decisioning and portfolio management. The solution is built on a cloud-native architecture and is available via a variety of deployment models, from on-premises to SaaS.
"Banks are looking for ways to bring new working capital solutions to market faster to capture new revenue streams delivered through STP journeys, and lower…
Pan-European credit data platform Mifundo has teamed up with Yapily, an open banking infrastructure provider based in London. The partnership will combine Yapily's enriched bank account data with Mifundo's cross-border credit assessment platform via Yapily's Data Plus product. Combined with verified credit bureau information from European markets, this data will enable the creation of a single, standardized, cross-border credit report. This will allow lenders to benefit from having multiple sources and types of financial information consolidated into a single report.
"Cross-border credit assessment requires more than one…
At FinovateFall earlier this month, there was one question brought up in multiple panel conversations and on the networking floor: in the age of AI, who owns the customer?
Historically, banks have had an obvious, structural advantage. They hold the checking account, receive the direct deposit from the paycheck, see transactions, and often serve as the place consumers turn when they need to dispute a payment, borrow for a home, finance a major life event, start investing, etc.
The LLM's roleHowever, what happens when the place consumers go first with their financial questions isn't their bank or even a fintech? With LLMs offering increasingly powerful financial capabilities and reliable bank account connections, a customer's first stop for financial information may be their preferred LLM.
In 2026, consumers have become comfortable using LLMs for a vast array of tasks. People are using LLMs to research questions, plan vacations, manage work…