- Payments Canada has launched its Real-Time Rail (RTR), enabling financial institutions and payment service providers to exchange, clear, and settle payments instantly, 24/7.
- The new system includes mandatory centralized fraud prevention capabilities and is expected to generate up to $14.5 billion in cost savings and $27 billion in economic gains over the next decade.
- RTR will roll out in phases, with more than 90% of Canadians expected to have access within the first year, laying the...
- Embedded finance and Banking-as-a-Service (BaaS) company Synctera has secured $24.5 million in funding, taking its total capital raised to $126.7 million.
- Multiplier Capital, Fin Capital, 1st & Main Growth Partners, Diagram, and NAventures participated in the investment, which will support the company's work with sponsor banks and fintechs, as well as strengthen the firm's balance sheet.
- Headquartered in Palo Alto, California, Synctera made its Finovate debut at FinovateFall 2024....
AI agents are beginning to execute payments, regulators are establishing new rules for stablecoins, and financial institutions are rethinking how they manage customer relationships, risk, and competition. As we head into 2027, developments like these are raising new questions about the future of banking and financial services.
These are also the questions shaping the conversations at FinovateSpring 2027. From the implications of agentic commerce to the evolving role of stablecoins, the...
This week, the US will celebrate Veterans Day, a holiday honoring the men and women who served in the US Armed Forces during war or peacetime. The occasion will close federal offices and many schools across the country on Wednesday, but we'll keep the lights on here at Finovate's Fintech Rundown, with the latest in fintech news and announcements all week long.
Payments
- B2B payments solution provider Pliant raises $80 million in Series C funding.
- KCB Tanzania teams up with ...
- Investing platform eToro announced plans to acquire Argentina-based financial app LB Finanzas to establish a regional hub in Latin America.
- LB Finanzas offers investments in stocks, ETFs, cryptocurrencies, and money market funds, along with payment services and accounts in Argentine pesos and US dollars.
- The deal marks eToro's fourth acquisition of 2026 and will help the company expand its international footprint by leveraging LB Finanzas' local expertise and infrastructure.
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