10/26/2026
By Julie Muhn (@julieschicktanz) on 2026/10/26 14:33 -0400
- Tech Mahindra has acquired Finastra’s Cash Management product suite, including its cash management, virtual accounts, and liquidity management solutions.
- Tech Mahindra plans to continue supporting existing customers while investing in the products to expand its banking technology portfolio.
- The deal strengthens Tech Mahindra’s position as a banking software provider while allowing Finastra to streamline its portfolio and focus on its core businesses.
India-based...
By David Penn on 2026/10/26 11:39 -0400
Welcome to the working week! As October draws to a close, fintechs are raising capital, launching new offerings in agentic commerce and digital assets, and partnering with credit unions to help them modernize their operations. Be sure to check back here at Finovate's Fintech Rundown all week long for the latest updates and announcements.
Payments
Tech Mahindra and Mastercard forge strategic partnership to help companies embed secure virtual payment capabilities into their...
By Julie Muhn (@julieschicktanz) on 2026/10/23 09:38 -0400
- Business financial management platform Coast raised $35 million in growth equity funding, bringing its total funding to nearly $226 million.
- Coast will use the funding to expand its financial platform for trade and service businesses, invest in AI-powered expense automation and accounts payable tools, and grow its customer base.
- Coast's expansion reflects a broader trend among business fintechs, including Gusto and Ramp, to offer more comprehensive financial services and deepen...
By Julie Muhn (@julieschicktanz) on 2026/10/22 10:51 -0400
- SoFi has launched SoFi Earn (SOFIE), a bank-issued tokenized deposit that offers consumers 4.40% APY and FDIC insurance eligibility.
- Customers can convert SOFIE deposits into SoFiUSD stablecoins at a one-to-one ratio to purchase cryptocurrency or transfer funds over blockchain networks.
- The launch comes a day after the OCC finalized rules implementing the GENIUS Act, which restricts stablecoin issuers from paying yield, positioning tokenized deposits as an interest-bearing...
By Julie Muhn (@julieschicktanz) on 2026/10/21 16:44 -0400
- Checkout.com is expanding into in-person payments after 14 years of focusing exclusively on online payments, responding to growing merchant demand.
- The company is partnering with European payments platform Mollie to combine Mollie's payment terminals and point-of-sale technology with Checkout.com's acquiring infrastructure.
- Checkout.com's new hardware-agnostic offering will initially launch in the UK and EEA, followed by the US, with additional markets and capabilities planned for...
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