The first month of summer is upon us! Whether your plans over the next several weeks include time away in exotic locations or sticking to the grindstone, Finovate’s Fintech Rundown is here with the fintech news you need to know. Be sure to check back all week long for the latest updates!
Lending
Finastra launches Data Insights 2.0, an analytics solution that helps lenders transform complex data into actionable insights.
Baker Hill launches one-click loan participation exchange with Participate to help financial institutions scale commercial lending.
Experian brings personal loan shopping to ChatGPT with new AI-powered experience.
Cross River extends $250 million forward-flow commitment for Figure’s crypto-backed loans.
Lili embeds business credit solutions to help small businesses access capital faster.
Embedded finance
Embedded payments and financing solutions provider Adyen teams up with venue management platform ROLLER.
Germany embedded finance fintech Riverty secures regulatory approval for a Luxembourg banking license and plans to initiate operations in July 2026.
Agentic AI
Saris, an agentic workflow platform for banks and credit unions raises $28.8 million in funding.
Open finance
The Bank of International Settlements (BIS) and the Global Legal Entity Identifier Foundation (GLEIF) demonstrate new identify verification strategies for SMEs using open finance to initiate cross border payments.
Digital banking
Jack Henry partners with Woodforest National, a $9 billion, multi-state bank based in The Woodlands, Texas.
Brazil’s Nubank introduces new offering for customers between 16 and 18 years old called NuCel that combines 5G mobile connectivity with a savings feature.
Payments
European Pay by Bank network TrueLayer acquires Dutch consumer payments company In3.
Finix and Cybersource announced a new integration to modernize merchant payments.
PingPong and Visa partner to launch new card-to-account, B2B payment solution.
Investing
AlphaSense raises $350 million at $7.5 billion valuation.
Photo by Sean Oulashin on Unsplash