07/13/2026
By Julie Muhn (@julieschicktanz) on 2026/07/13 19:48 -0400
- Siam Commercial Bank is the first financial institution to go live with Citi’s integrated 24/7 USD Clearing and Citi Token Services offering.
- The solution uses tokenized deposits on a private permissioned blockchain to support near real-time cross-border USD payments around the clock.
- The launch shows how banks are combining distributed ledger technology with traditional banking infrastructure to reduce payment delays without relying on public blockchains or stablecoins.
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By Julie Muhn (@julieschicktanz) on 2026/07/10 23:03 -0400
- Nu Mexico received authorization from the CNBV to begin operating as a bank, moving from its previous SOFIPO status into Mexico’s formal banking sector.
- The approval makes Nu Mexico the country’s largest digital bank, with more than 15 million customers and a presence in 98% of Mexico’s municipalities.
- The bank license gives Nu a stronger platform for growth, allowing it to expand its product suite, deepen deposit relationships, and compete more directly with incumbent...
By David Penn on 2026/07/10 17:02 -0400
This week's edition of Finovate Global features recent fintech headlines from companies headquartered in Israel.
Tangos AI raises $20 million in seed funding
Tangos AI, an Israeli fintech that specializes in providing autonomous AI solutions for financial crime, fraud, and compliance investigations, has raised $20 million in seed funding. The round was led by Red Dot Capital Partners, and featured participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch...
By Julie Muhn (@julieschicktanz) on 2026/07/09 18:26 -0400
- Swift launched a blockchain-based ledger that lets banks move tokenized deposits across borders 24/7 before completing final settlement through existing banking systems.
- The ledger is designed to make blockchain interoperable with bank infrastructure, giving financial institutions a shared layer for digital money without requiring them to abandon current rails or compliance processes.
- Seventeen global banks will participate in the initial pilot, moving Swift’s blockchain work...
By David Penn on 2026/07/09 17:59 -0400
- Agentic AI banking platform nCino announced a new partnership with Cornerstone First Mortgage, a full-service mortgage bank based in San Diego, California; as well as new capabilities for its Mortgage Point of Sale solution.
- Cornerstone First Mortgage highlighted nCino's Mortgage Point of Sale solution in its partnership announcement, praising the technology's flexibility and mobile capabilities.
- nCino also unveiled LeadGen PreQual, a new capability for its Mortgage Point of Sale...
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