- Digital banking development platform Plumery launched its DBP Rescue Plan this week to help banks and other financial institutions migrate away from banking platforms that no longer serve their needs.
- The offering includes a specialist migration team, migration tooling and playbooks, as well as a Proof of Migration framework that allows institutions to test the migration before committing to it.
- Headquartered in Amsterdam, Plumery made its Finovate debut at FinovateEurope 2025 in...
Financial services software provider Finastra announced a pair of new offerings this week.
Finastra Supply Chain Finance (SCF) will help banks scale working capital programs faster and stimulate growth. SCF is integrated with Finastra's Trade Innovation and Loan IQ platforms via the Nexus API suite and allows banks to offer connected trade, lending, and supply chain finance services.
SCF supports buyer and supplier acquisition, onboarding, fulfillment, servicing, risk management, and...
- Credit data platform Mifundo has partnered with open banking infrastructure provider Yapily.
- The combination of Mifundo's cross-border credit assessment platform with enriched bank account data from Yapily will make it easier for lenders to serve borrowers who live and work in multiple countries, and provide more accurate credit assessments overall.
- Estonia-based Mifundo most recently demonstrated its technology at FinovateEurope 2026 in London.
Pan-European credit data...
At FinovateFall earlier this month, there was one question brought up in multiple panel conversations and on the networking floor: in the age of AI, who owns the customer?
Historically, banks have had an obvious, structural advantage. They hold the checking account, receive the direct deposit from the paycheck, see transactions, and often serve as the place consumers turn when they need to dispute a payment, borrow for a home, finance a major life event, start investing, etc.
The...
- The Federal Reserve is adding cross-border capabilities to FedNow, allowing banks to use the instant payments network for the US leg of international transactions.
- Initial use cases include international payroll, corporate payments, insurance claims, and treasury management, with correspondent banks handling the international portion.
- The expansion strengthens FedNow’s position as stablecoins gain traction in cross-border payments, giving banks a faster, 24/7 option within...
