Revolut Steps Up Israel Hiring as It Pushes for “Lean Bank” License
Revolut is launching a hiring drive in Israel, adding a Strategy and Operations Manager to support its push for a lean bank licence. The lean‑bank framework would let Revolut accept deposits and extend credit under lighter regulation, complementing its full banking licences in the UK, Lithuania, Mexico and pending applications in Peru. Israel’s regulator has recently opened the financial sector to fintechs, but incumbent banks still dominate with similar products and low deposit rates. Revolut’s recruitment signals it is building the infrastructure needed for a broader product suite in the market.
Google Integrates Klarna, Affirm Into Gemini AI Checkout
Buy now, pay later services in AI surfaces -> Google Adds Klarna, Affirm as AI Shopping Payment Options in Gemini app and in AI Mode "When shoppers are making a purchase from Gemini or Google search results, Affirm and Klarna...
Lossdog Launches AI Platform to Quantify White‑Collar Worth and Hedge Compensation Gaps
Thinkorswim and tastytrade co-founders Tom Sosnoff and Scott Sheridan released Lossdog in April 2026, an AI‑driven platform that delivers a single market‑based compensation figure and a portfolio‑optimization layer for white‑collar professionals. The service aims to counter AI‑induced wage suppression by...
City of London Launches $6.7 B Digital ID Orchestrator Push to Curb Financial Fraud
The City of London Corporation has issued a call for technology partners to build a Digital Verification Orchestrator (DVO) that could slash fraud costs by up to £5 bn ($6.7 bn). The voluntary, reusable identity service aims to let consumers verify once...
Visa, Keyno and Fidelity Bank Launch Tap‑Based Identity Verification for Cardholders
Visa partnered with fintech Keyno and Bahamian issuer Fidelity Bank to launch Tap to Confirm and Tap to Activate, a tap‑based identity verification solution that replaces one‑time passcodes with EMV‑level security. The pilot, first deployed in the Bahamas, signals a...
Mastercard Deploys Scorecard‑Driven AI Governance as AI Models Surge 60% YoY
Mastercard’s finance organization has rolled out a proactive, scorecard‑driven AI‑governance framework to control a 60% year‑over‑year increase in AI deployments. The new process, anchored by a pre‑contract scorecard and an agile AI Governance Council, aims to eliminate “shadow AI” and...
Edison Chan: «Regulation Unlocks Real Demand for Crypto»
Hong Kong has completed a sweeping virtual‑asset regulatory overhaul, adding a Stablecoins Ordinance, licensing for OTC dealers, custodians, advisers and managers, and a 2026 bill that will bring the entire crypto ecosystem under the Securities and Futures Commission and the...
Worldline Signs EcoFlow To Its Global Collect Platform
Worldline and EcoFlow have entered a commercial partnership in which EcoFlow will use Worldline’s Global Collect platform for local payment acquiring across the US, UK, Europe and eventually Asia‑Pacific and Latin America. The arrangement enables domestic transaction processing, improves authorisation...
How Toast And Fiserv Are Widening Their Reach in Restaurants
Toast Inc. announced a chain‑wide rollout of its point‑of‑sale, kitchen‑display and AI‑driven analytics platform at Hungry Howie's, a pizza franchise with roughly 500 locations in 18 states. The deal highlights Toast’s push into the complex pizza segment, where menu customization...
India Gets Its UPI for EV Charging as Kumaraswamy Unveils Unified Bharat E-Charge
Union Minister H.D. Kumaraswamy launched Unified Bharat e‑Charge (UBC), dubbed the “UPI for EV charging,” a government‑backed, NPCI‑supported platform that lets Indian EV owners locate, book and pay for charging across public networks through a single app. The system, built...
Corporate Card Fintech Parker Shuts Down without Warning
Parker Group, a Y Combinator‑backed corporate‑card fintech that raised $243.6 million, abruptly ceased operations in early May and filed for Chapter 7 bankruptcy in Delaware. The shutdown left customers unable to access funds and forced sponsor banks Piermont and Patriot to scramble for...
MobiKwik Posts Second Straight Profitable Quarter in Q4
MobiKwik reported a profit after tax of ₹4.4 crore (≈$0.5 M) in Q4 FY26, reversing a ₹56 crore loss a year earlier. Revenue grew 8% YoY to ₹288.7 crore (≈$35 M) and contribution profit more than doubled. Payments gross merchandise value jumped 58% to ₹52,400 crore...
NatWest Sharpens Its AI Focus with New Fintech Cohort
NatWest has chosen eight artificial‑intelligence‑led fintechs for its 2026 Fintech Programme, a 12‑week accelerator aimed at pre‑Series A and Series A companies. The cohort spans solutions for customer engagement, compliance, financial‑crime detection, vulnerability identification, geopolitical risk, treasury and payments. Participants will work...
Revolut Launches UK Savings Challenge with £100k Prize
Revolut has launched its first UK savings challenge, letting customers set weekly targets of £10‑£50 (≈$13‑$64) that are auto‑deposited. Participants who meet every weekly deposit for a month enter a £10,000 (≈$12,700) draw, while those who sustain a streak for...
FIS Discounts Pismo Competition
FIS CEO Stephanie Ferris told analysts that Visa‑backed Pismo poses "absolutely no impact" on FIS, emphasizing that Pismo only offers ledgering capabilities and not full‑end‑to‑end core banking. The statement follows FIS’s first‑quarter earnings, which showed revenue climbing 30% to $3.3 billion...
Canada Doesn’t Need a Digital Loonie to Maintain Sovereignty From the U.S. — It Needs Digital Competition
Canada’s government is urged to skip a state‑run CBDC and instead foster private‑sector stablecoins. The Stablecoin Act (Bill C‑15) already provides a registration regime, at‑par redemption and Bank of Canada oversight, and Tetra Digital Group has launched CADD, the first...
GratifID Debuts TIPMO at HITEC 2026
GratifID unveiled TIPMO, an NFC‑enabled digital tipping platform, at HITEC 2026 in San Antonio. The solution promises frictionless tap‑to‑tip interactions, real‑time direct payments to staff, and plug‑and‑play deployment without complex IT integration. GratifID highlighted advanced encryption, real‑time analytics, and a...
VeriPark Expands in Canada with 12 New Credit‑union Partnerships and Central 1 Certification
VeriPark announced a wave of new credit‑union partnerships in Canada, securing Central 1 certification and launching a Canadian User Group with Tru Cooperative Bank. The moves accompany an 8× boost in digital onboarding for Innovation Federal Credit Union and reinforce VeriPark’s...
BlackRock Files for New Tokenized Fund With SEC, Taps Securitize Again
BlackRock has filed with the SEC for a second tokenized fund, again selecting Securitize to provide the blockchain infrastructure. The filing follows the launch of BUIDL in 2024, which has grown to roughly $2.3 billion in assets. The proposed structure blends...
Nubank Deploys AI Model to Expand Credit While Keeping Risk Flat
Nubank rolled out nuFormer, a transformer‑based AI underwriting engine that slashes projected risk by 70% and helped the bank lift its credit‑card spend share by 50 basis points in Q4 2025. The move expands the lender’s credit portfolio 40% year‑over‑year while...
Visa Tap ID Tech Debuts and Other Digital Transactions News Briefs From 5/12/26
Visa introduced Tap to Confirm and Tap to Activate, letting cardholders verify identity or activate new cards by tapping their Visa card on a mobile device, in partnership with fintech Keyno and Fidelity Bank Bahamas. BNPL providers Affirm and Klarna...
Greenboard Raises $15.5 Million to Keep Compliance From Slowing Down Business in the AI Era
Greenboard announced a $15.5 million Series A round led by Base10 Partners, with participation from Y Combinator, General Catalyst, Commerce Ventures, Transpose Platform and Liquid2 Ventures. The AI‑driven compliance platform now serves more than 500 financial institutions and has introduced a conversational tool...
Judge Combines Fiserv Lawsuits
A Wisconsin federal judge ordered two shareholder lawsuits against payment processor Fiserv to be combined and heard in the Southern District of New York. The cases allege that Fiserv and its executives misled investors about the forced migration to its...
Europe's Banks Deploy Smart Bond Contracts on Blockchain
European milestones for natively digital debt: 1️⃣ 🇩🇪: DZ BANK & KfW mapped the full lifecycle of a crypto bond on a public blockchain - proving Smart Bond Contracts can autonomously handle payments. https://t.co/3WAevr3yBs 2️⃣🇨🇭: Keyrock issued an on-chain corporate bond via Sygnum...
AI Drives Massive Shifts in Commerce, Finance, and Tech
AI Revolution: Stripe ignites agentic commerce, GM axes IT jobs for AI talent, and NVIDIA bets $40B on AI founders. Read the signals shaping tomorrow’s retail, finance, and tech landscapes. https://t.co/YcBYMfOYzl
DTCC Partners with Chainlink to Advance 24/7 Collateral Management
DTCC announced that its digitally native Collateral AppChain will integrate Chainlink’s Runtime Environment and data standard to automate eligibility, valuation, margining, and settlement processes. The CRE provides a resilient, institution‑scale data and orchestration layer, enabling 24/7, near real‑time collateral management...
Behavox Extends Polaris Trade Surveillance to Prediction Markets, Expanding Risk Coverage to 10 Asset Classes
Behavox announced that its Polaris trade‑surveillance platform now includes prediction markets, expanding its out‑of‑the‑box coverage to ten asset classes. The new asset class is available in beta to existing customers, with general availability planned for summer 2026. The move responds...
Plaid’s CFO Sees AI Usage Taking Off Internally: ‘People Are so Excited to Share What They’ve Built over the Weekend...
Plaid’s CFO Seun Sodipo says AI has become an internal accelerant, helping her and her teams streamline finance work and experiment with new tools. The fintech platform recently hit an $8 billion valuation, a 31% jump from the previous year, after...
Dida Holdings and WEX® Partner to Connect Travel Demand, Distribution and Payments
Travel distribution platform Dida Holdings and payment specialist WEX have entered a seven‑year strategic partnership to link demand discovery, distribution and payment execution across the travel ecosystem. The collaboration leverages WEX’s $90 billion annual virtual‑card processing capacity and Dida’s visibility into...
Bank of England Flags Financial Disruption From Advanced AI – Report
The Bank of England's Prudential Regulation Authority warned that advanced AI models such as Anthropic’s Mythos and OpenAI’s ChatGPT 5.5 Instant could cause significant disruption to financial services. These tools are increasingly adept at identifying weak points in banks' legacy systems,...
IStore Launches New Business Payment Solution
iStore South Africa has launched iStore Pay, a Tap‑to‑Pay on iPhone solution that lets merchants accept credit cards, Apple Pay and other contactless methods directly from an iPhone. The service eliminates the need for traditional card terminals and charges a flat 2.5%...
Broadridge Introduces Integrated Infrastructure for Tokenized Securities
Broadridge Financial Solutions announced an expansion of its tokenization capabilities, integrating tokenized securities into its existing order, execution, and post‑trade infrastructure. The firm’s Distributed Ledger Repo platform, which already tokenizes over $365 billion daily, now supports equities, funds, alternatives and money‑market...
How Stablecoins Are Extending the Monetary Power of the United States
Stablecoins tied to the U.S. dollar have surged, with transaction volume climbing from roughly $565 bn in 2020 to about $11 tn projected for 2025—representing 65 % of Visa’s network size. Private issuers Tether (USDT) and Circle (USDC) now control roughly 84 % of...
Banking Groups Rally Against Senate Stablecoin Yield Rules as GENIUS Act Advances
The American Bankers Association and a coalition of banking trade groups are urging senators to tighten the stablecoin yield language in the Digital Asset Market Clarity Act. With a Senate Banking Committee markup slated for Thursday, banks argue the bill’s...
Circle Posts Q1 Earnings Beat, Shares Jump 15% and Raises $222M for Arc Network
Circle Internet Group reported a 20% year‑over‑year revenue increase to $694 million, lifted its adjusted EBITDA 24% to $151 million and saw its shares rise 15.1% after the earnings release. The company also closed a $222 million token‑presale for its upcoming Arc network,...
Wise Launches on Nasdaq and Seeks US Banking Charter, Fed Master Account
Wise began trading on Nasdaq under ticker WSE, opening at $15.96, while filing for a national trust bank charter and a Federal Reserve master account. The move follows a $243 billion cross‑border volume year and signals a shift from a London‑based...
Kraken Launches Flexline, Crypto-Backed Lending Product for Builders and Traders
Kraken unveiled Flexline, a crypto‑backed lending service that offers fixed APRs ranging from 10% to 25% for borrowers who cannot access conventional credit. The product is aimed at crypto‑native businesses and high‑net‑worth individuals needing working capital or proof‑of‑funds verification. By...
Paytm Uses Luxembourg to Launch European Fintech Expansion
Paytm Expands to Europe via Luxembourg Hired Nasir Zubairi to lead regional ops. Sharma at Nexus: AI fraud detection, credit scoring, payment infrastructure. India's fintech model = third template alongside US/China. Luxembourg as EU gateway for global fintechs https://t.co/SGolZkVXzx
Singapore Gulf Bank Partners with Standard Chartered to Boost Cross-Border Payments
Singapore Gulf Bank (SGB) has forged a strategic partnership with Standard Chartered to strengthen cross‑border clearing and settlement, especially across the Middle East‑Asia corridor. The alliance builds on SGB’s SGB Net platform, which offers real‑time multi‑currency settlement and 24/7 payment...
What Bank Executives Miss About the Fintech Threat
In this episode, fintech investor Rex Salisbury explains that the real threat to legacy banks isn’t digital wallets but the rapid unbundling of banking services through tech platforms, embedded finance, and AI. He highlights how mass‑affluent customers are migrating to...
Lisa D Cook: Perspectives on Tokenization and Implications for the Financial System
Lisa D. Cook, a leading economist, highlighted tokenization as a transformative force for financial markets, especially in West Africa. She argued that digital tokens could accelerate cross‑border payments, shorten settlement cycles, and broaden access to capital markets. The speech focused...
MUFG Adopts Euroclear’s Collateral Optimisation Service
MUFG has become the latest institution to implement Euroclear’s Collateral Optimisation Service, a platform that automates the allocation of high‑quality liquid assets across trades and counterparties. The service promises lower funding costs, faster decision‑making and the ability to run multiple...
Money Movement Ecosystem Launches in Chicago, Uniting Leaders Across Banking, Fintech, and Retail & Corporates
Kinfos Events announced the Money Movement Ecosystem, a two‑day summit in Chicago on September 9‑10, 2026. The conference builds on a decade‑long Instant Payments Summit and will host more than 350 senior executives from banking, payments, fintech, retail, and corporate sectors. Attendees...
Trading Technologies’ Jason Shaffer: AI Is Accelerant, Not Disruptor
Trading Technologies (TT) views artificial intelligence as an accelerant that enhances its full‑stack market infrastructure rather than a disruptor. Chief Technology & Product Officer Jason Shaffer emphasizes disciplined, non‑hype AI deployment within existing governance, security and human‑in‑the‑loop controls. Clients, especially...
Kinfos Events Opens PayTail Summit 2026 Registration With $695 Early Bird Pass In Chicago
Kinfos Events announced that registration for the PayTail Summit 2026 is now open, offering an early‑bird pass priced at $695. The two‑day conference will be held in Chicago, positioning the city as a central hub for fintech and e‑commerce leaders....
OxPay Appoints AXS Founder to Board
OxPay Financial Limited appointed fintech veteran Joey Chang Wei Nang, founder of Singapore’s AXS, as a non‑executive independent director effective May 12. The move supports OxPay’s phased recovery plan, which includes a consumer‑facing B2C payment platform slated for a Singapore pilot...
When Data Tells an Impactful Story: Standard Bank's Money Reels Earns Top Industry Honour
Standard Bank introduced Money Reels, a personalized year‑end video recap that turns each customer’s financial activity into a short, mobile‑first story. The feature sparked a social‑media buzz and saw 450,000 customers engage, with an 80% completion rate. It also drove...
Brands, Media, Games Likely Lead Future Digital Currencies
When it comes to next-generation digital currencies, it could well be global brands, media and games at the forefront rather than banks: https://t.co/fKmrYR2uQ8 https://t.co/tTqQCRTovW
The Long Road to $1 On-Chain
The article maps the path of a dollar from a U.S. bank account to USDC on‑chain, detailing each step—ACH initiation, dual‑operator clearing, Fedwire settlement, and Circle’s compliance checks. It highlights that ACH processes 35.2 billion transactions (~$93 trillion) annually and that settlement...
With $18M in New Funding, Adfin Expands AI-Powered Business Finance
London‑based fintech Adfin secured $18 million in a Series A round led by Index Ventures, bringing its total capital to over $30 million. The funding will accelerate the rollout of its AI‑driven platform that automates invoice processing, payment collection, and cash‑movement for businesses....