Mercury has added a conversational artificial intelligence (AI) interface to its financial platform. With the new Mercury Command, users can chat with the platform, tell it what to do in natural language, and see it complete the work with their approval, the company said in a Tuesday (June 16) press...
Green Dot entered the final stretch of 2025 with renewed momentum in its B2B and embedded finance operations, posting a 21% year-over-year increase in revenue for the third quarter. Management pointed to banking-as-a-service (BaaS) business and new money movement partnerships that highlight embedded finance. Interim...
Lead Bank raised $70 million in a Series B funding round that brought its post-money valuation to $1.47 billion. The company is a state-chartered bank, offers a banking-as-a-service (BaaS) platform for FinTechs and digital asset companies, and provides full-service business and personal banking to clients...
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. But the recent spate of news tied to enforcement actions and settlements over data breaches gives the nod...
June 02, 2025
As nonbank enterprises offer financial services, aided by traditional financial institutions and FinTechs, the emergence of the banking-as-a-service (BaaS) model has promised to transform lending and platforms. But the recent spate of news tied to enforcement actions and settlements over data breaches gives the nod to a few takeaways of what not to do against […]
March 19, 2025
The shakeup and shakeout of banking-as-a-service (BaaS), in the wake of the Synapse bankruptcy last year, has opened up new potential for embedded finance. Money mobility’s at the center of...
November 01, 2024
Today’s financial landscape is changing as embedded finance integrates banking services into everyday consumer experiences. This development is driven by brands stepping into roles traditionally held by banks, creating innovative...
October 24, 2024
As one of the hottest trends in payments, embedded finance has emerged as a compelling credit proposition for consumers and businesses. The execution demands an intricate web of collaboration and...
June 16, 2026
Mercury has added a conversational artificial intelligence (AI) interface to its financial platform. With the new Mercury Command, users can chat with the platform, tell it what to do in natural language, and see it complete the work with their approval, the company said in a Tuesday (June 16) press release. Mercury Command can perform tasks such as checking the […]
September 04, 2025
Lead Bank raised $70 million in a Series B funding round that brought its post-money valuation to $1.47 billion. The company is a state-chartered bank, offers a banking-as-a-service (BaaS) platform...
April 10, 2025
Solid, the banking-as-a-service (BaaS) startup formerly known as Wise, reportedly filed for Chapter 11 bankruptcy protection. The company had not been able to raise more capital since its August 2022...
November 27, 2024
Evolve Bank & Trust said Wednesday (Nov. 27) that the “vast majority” of end user funds related to the Synapse Financial Technologies bankruptcy that were once held by Evolve were...
