The second half of May begins with raft of announcements highlighting continued innovation with—and investment in—both stablecoins and AI. Be sure to check back here at Finovate’s Fintech Rundown for the latest in fintech news and headlines.
Payments
National Australia Bank acquires account-to-account payments platform Banked.
equipifi raises $34 million to help banks offer embedded Buy Now, Pay Later payment options.
Fraud prevention
Mitek Systems announces that its Mitek Verified Identity Platform is now available on FICO Marketplace.
Credit unions
State Employees’ Credit Union (SECU) partners with credit union core processor Corelation.
Stablecoins
Tether, the issuer of stablecoin USDT, announced an investment in cross-border remittance platform LemFi.
Digital Assets Clearing Center raises $10 million in funding.
Stablecoin-powered digital banking and investment platform Fasset secures $51 million in Series B funding.
Open Finance
The Centre for Finance, Innovation, and Technology (CFIT) introduces its Open Property roadmap.
AI
OpenAI releases a preview of its personal finance suite courtesy of its integration with Plaid.
Swiss-based digital asset bank Sygnum tests AI agents on live on-chain transactions with a “human-in-the-loop” design.
Fiserv launches agentic AI operating system AgentOS.
Photo by Abbe Sublett on Unsplash