Welcome to March! Women’s History Month, Holi (the Hindu “Festival of Colors”), the start of spring, St. Patrick’s Day, Eid al-Fith, Cesar Chavez Day … there’s a lot to celebrate and look forward to over the next few weeks.
Here on Finovate’s Fintech Rundown, we’re looking forward to the rush of industry news and announcements that typical comes with the seasonal thaw.
Payments
Private equity firm Incore Invest completes its acquisition of CoreOrchestration AB from Worldline.
Apple is in conversation with banks in India to bring Apple Pay to the country later this year.
Embedded finance
Confido, an embedded financial infrastructure platform for law firms and legaltechs, raises $9 million in funding.
Fraud prevention
ThetaRay and Matrix USA team up to help financial institutions modernize their transaction monitoring programs.
Stablecoins
MoonPay builds infrastructure platform for PYUSD-backed stablecoins.
Agentic AI
Colt Technology Services announces proof of concept for an agentic AI engine developed in partnership with Microsoft.
Banco Santander and Mastercard complete Europe’s first live agentic AI payments transaction.
DeFi
US-based FundBank acquires Irish blockchain startup Trrue.
The Hong Kong Monetary Authority (HKMA), the Shanghai Data Bureau (SDB), and the National Technology Innovation Center for Blockchain ink a Memorandum of Understanding between Shanghai and Hong Kong to apply blockchain technology to develop a cross-border platform to facilitate trade finance.
Open finance
Promoteo teams up with Fiskil to help implement Open Finance across Latin America.
Digital banking
10x Banking teams up with Validata in a strategic partnership designed to help banks accelerate innovation.
Wealthtech
OneVest launches its Agentic Wealth Operating System to help automate middle office operations for advisors.