- 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...
- 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...
A decade ago, Finovate launched its developer conference series FinDEVr. The goal was simple: to provide a forum for software developers, programmers, and technologists to showcase APIs, open banking solutions, developer tools, and more during a truly revolutionary time in the history of fintech innovation.
Today, one of the biggest challenges to fintech innovation is ensuring that fintech founders get the support and funding they need to grow and succeed in an even more complex and...
According to the Wall Street Journal, JPMorgan, Bank of America, Wells Fargo, and PNC are in conversation with Fiserv about acquiring its two debit payment networks, STAR and Accel. While there is not an official deal on the table, the initial discussions surrounding the sale raise important questions about the future of the payments infrastructure in the US. If a sale of the payment networks does take place, the impact would extend far beyond Fiserv. Here are three ways it could reshape...
- Core banking technology firm Thought Machine has raised £30 million ($41 million) in funding from an unnamed Tier 1 bank. The bank, which is both a client and an investor, made its investment in May of this year.
- The funding will help support Thought Machine's R&D expansion, including a pledge to hire more than 100 new engineers in 2026.
- The funding announcement comes as the company reported surpassing the $100 million revenue milestone for the year ending December 2025.
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