It’s the Monday after FinovateSpring, which means there are plenty of new ideas about the future of banking and fintech to talk about. Meanwhile, the news keeps flowing. Here are the top fintech news highlights from the week. We’ll continue to add more announcements as the week progresses.
AI tools
Nscale secures $790 million in financing to support AI infrastructure buildout in Norway.
Experian launches its “Know Your Agent” service, Experian Agent Trust.
Payments
Wise debuts US listing on Nasdaq.
Paymentology raises $175 million.
AdvicePay celebrates its 10-year anniversary.
Global Payments unveils AI-first handheld built for the future of commerce.
Loyalty and rewards
Ualett launches Ualett Rewards to give back to gig workers.
Digital banking
A pair of Finovate Best of Show winners—core banking platform 10x Banking and provider of deterministic AI for legacy system understanding Tweezr—announce a partnership to make core transformation easier.
Fintech startup Parkerfiles for bankruptcy.
InstaSwitch launches account activation infrastructure for business banking and announces $4.7 million in funding.
Augustus receives OCC conditional approval to charter the first clearing bank for the AI era.
Atos and Backbase to accelerate secure, AI-native banking across regulated markets.
Credit unions
VyStar Credit Union selects Diebold Nixdorf to modernize and manage its self-service network of ATMs.
Small business tools
Xero integrates with Claude.