- 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...
This week's edition of Finovate Global features fintech news from Cambodia.
Cambodia and the UK partner to fight online scams
The UK and Cambodia have signed a Memorandum of Understanding (MoU) declaring their intent to work together to combat networks of illegal scam centers. The agreement calls for more data sharing and greater coordination against criminal gangs in order to bring scammers to justice. The two countries also noted the role of human trafficking in international...
- LoanPro launched three new products spanning payments, card-based loan disbursement, and AI-assisted servicing: LoanPro DirectPay, Beyond Credit, and LoanPro MCP.
- The launches bring more of the lending lifecycle onto LoanPro's platform, helping lenders reduce reliance on separate vendors and integrations for payments, disbursements, and servicing.
- LoanPro MCP allows lenders to connect AI agents to servicing workflows while applying the same permissions, compliance guardrails, and...
