- Wealthech solutions provider TAPP Engine has teamed up with wealth management and financial planning platform Envestnet.
- Courtesy of the partnership, TAPP Engine will integrate Envestnet's ActivePassive ETF model portfolios into its digital investing platform.
- TAPP Engine made its Finovate debut at FinovateSpring 2025. Envestnet most recently demoed its technology at FinovateFall 2021 in New York.
Embedded wealthtech solutions provider TAPP Engine will offer Envestnet's...
CB Insights recently unveiled its 2026 State of Venture Tracker. Among the top takeaways from the data is that “bigger, fewer” continues to define VC investing with deal counts at multi-decade lows and so-called mega-rounds taking up more than 80% of invested capital.
Specifically within fintech, the firm noted that while funding was up over the last 12 months compared to the previous 12 months (and by a significant 20.7%), the second quarter of this year saw a pullback of 8% in...
- Siam Commercial Bank is the first financial institution to go live with Citi’s integrated 24/7 USD Clearing and Citi Token Services offering.
- The solution uses tokenized deposits on a private permissioned blockchain to support near real-time cross-border USD payments around the clock.
- The launch shows how banks are combining distributed ledger technology with traditional banking infrastructure to reduce payment delays without relying on public blockchains or stablecoins.
...
- Nu Mexico received authorization from the CNBV to begin operating as a bank, moving from its previous SOFIPO status into Mexico’s formal banking sector.
- The approval makes Nu Mexico the country’s largest digital bank, with more than 15 million customers and a presence in 98% of Mexico’s municipalities.
- The bank license gives Nu a stronger platform for growth, allowing it to expand its product suite, deepen deposit relationships, and compete more directly with incumbent...
This week's edition of Finovate Global features recent fintech headlines from companies headquartered in Israel.
Tangos AI raises $20 million in seed funding
Tangos AI, an Israeli fintech that specializes in providing autonomous AI solutions for financial crime, fraud, and compliance investigations, has raised $20 million in seed funding. The round was led by Red Dot Capital Partners, and featured participation from Leaders Fund, Clarim, Venture Israel, Signal Fire, Clutch...
