This week's edition of Finovate Global showcases fintech news from Lithuania.
Genome launches Visa and Mastercard payment acceptance for online merchants
Lithuanian electronic money institution Genome has launched Visa and Mastercard payment acceptance for online sellers. Merchants will now be able to accept card payments via Genome's hosted payment page or through a direct, host-to-host integration, providing a fully on-site checkout under their own domain. Funds are settled...
- Clara raised $105 million, comprising a $65 million Series C equity round and the renewal of a $40 million growth financing facility, bringing its total debt and equity funding to $838 million.
- Clara will use the funding to expand its market reach and enhance its AI capabilities, including its MCP integration that enables AI agents to access financial data and execute authorized transactions.
- The funding comes amid global growth in corporate card and spend management platforms, as...
- Light Frame, a core banking and portfolio management software provider for wealth managers, has secured $5.1 million in seed funding in an oversubscribed round led by Fortino Ventures.
- The funding will support continued investment in Light Frame's platform and help the firm grow its commercial operations, especially in EMEA.
- Headquartered in Switzerland, Light Frame made its Finovate debut at FinovateEurope 2025.
In an oversubscribed seed funding round led by Fortino...
How do enabling technologies like AI present both challenges and opportunities for credit unions looking to modernize and enhance the member experience at their institutions?
This year at FinovateFall 2026, we talked with Ning Duong, CEO of Financial Center First Credit Union, about her customer-centric approach to banking, why she believes that the member experience trumps everything, and how credit unions should adopt new AI-powered tools with intention rather than simply deploying AI...
As we round out 2026, the fintech industry has shifted from talking about AI to talking about AI agents. Agentic commerce has gained popularity as consumers and businesses have started using AI agents to compare prices, book travel, search for products, and identify opportunities to save money. Research, however, is only one component of outsourcing tasks using AI. Completing those tasks often requires the ability to make a payment.
To keep up the pace of what is now technically possible...
