While it used to be largely experimental, AI has quickly evolved into a practical tool that is reshaping how banks and fintechs operate. Today's AI platforms are helping bankers, advisors, operations teams, and customer service representatives work more efficiently by automating routine tasks, surfacing insights faster, and reducing the amount of manual work required to serve customers.
At FinovateFall 2026, which takes place September 9 through 11 in New York, we'll see 68 companies...
- AI-native lending platform EnFi has raised $15 million in Series A funding. The round was led by FINTOP and the investment brings the firm's total capital raised to date to $22.5 million.
- The funds will be used to enable the Boston, Massachusetts-based fintech to scale its offering, grow its team, and boost its go-to-market efforts.
- EnFi made its Finovate debut last year at FinovateFall 2025 in New York. Co-founder Joshua Summers is CEO.
Here's some Finovate alumni funding...
- Increase has launched Increase Bank, combining an FDIC-member institution with its API-first banking core and direct connections to the Federal Reserve, The Clearing House, and Visa.
- The company entered banking through its 2025 acquisition of Washington-based Twin City Bank, which continues serving existing community customers under the Twin City Bank name.
- By operating its own bank while continuing to work with partner banks, Increase is integrating more of the embedded-finance...
- Ramp has officially launched in Canada, marking the spend management platform's first expansion outside the US and bringing its corporate cards, expense management, bill pay, and accounting tools to Canadian businesses.
- The Canadian platform includes localized features such as CAD and USD spending without FX markup, automatic GST/HST/PST/QST tax coding, Canadian-dollar accounting integrations, and cards issued through Peoples Trust.
- Ramp's expansion comes as competition in business...
Digital banking and client lifecycle management solutions provider Fenergo has launched Fen-AI, an agentic AI orchestration platform for banks. The Ireland-based company built Fen-AI to enable banks to automate routine client onboarding, due diligence, and ongoing compliance tasks while keeping human reviewers in control and maintaining an audit trail.
“Risk moves in real time and regulation evolves continuously,” said Fenergo CEO Marc Murphy. “Yet the work of compliance still...
