Welcome to the working week! As October draws to a close, fintechs are raising capital, launching new offerings in agentic commerce and digital assets, and partnering with credit unions to help them modernize their operations. Be sure to check back here at Finovate’s Fintech Rundown all week long for the latest updates and announcements.
Payments
Tech Mahindra and Mastercard forge strategic partnership to help companies embed secure virtual payment capabilities into their platforms.
Paymentology expands its partnership with South African fintech Mukuru.
Argentina-based payment infrastructure company Rebill raises $5.4 million in pre-Series A funding.
US-based fintech Coast raises $35 million for its payment platform.
Credit unions
Nashville-based TEN Credit Union (18,400 members; $394 million in total assets) chooses Bankjoy as its digital banking platform.
Canadian credit union Vancity (588,000 members; CAD $42.4 billion in total assets) turns to Temenos to modernize its banking.
Agentic commerce
Dispute resolution and chargeback management specialist Chargebacks911 launches AI agent purchase indemnification solution.
Stablecoins
HSBC launches its first stablecoin, a Hong Kong Dollar denominated token called RedCoin, on its PayMe payments app.
Lending
Saudi Arabia’s Raya Financing partners with Temenos for its core banking and Islamic finance functionality.
Credit, data, and analytics
Corporate credit data, analytics, and AI technology provider Cognitive Credit secures $40 million in strategic growth funding.
Photo by Toa Heftiba on Unsplash