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fintech industry
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- 1Valley National Acquires Israeli Fintech Bluevine for $340 Million●U.S. bank Valley National buys Israeli fintech Bluevine for $340 million The acquisition will give the bank a digital sm
U.S. regional bank Valley National has agreed to buy Israeli fintech Bluevine for $340 million. The deal gives the bank a digital small business lending platform and is expected to accelerate its technology and artificial intelligence strategy. Industry commentators are watching it as another sign of traditional banks buying fintech capabilities rather than building them in-house.
- 2Embedded finance revenue projected to hit $617 billion by 2031▼Embedded Finance Revenue to Reach $617 Billion Globally by 2031, as B2B Revenue Surges 390%
New industry projections put global embedded finance revenue at $617 billion by 2031, with the B2B segment expected to grow 390% over the period. The forecast points to rapid adoption of financial services bundled into non-financial platforms, as companies increasingly offer payments, lending and insurance directly within their own products.
- 3Revolut Wins Central Bank Approval to Buy Argentina's Banco Cetelem▼Revolut Receives Central Bank Approval for the Acquisition of Banco Cetelem in Argentina
Revolut has received approval from Argentina's central bank to proceed with its acquisition of Banco Cetelem, the Argentine banking unit. The clearance removes a key regulatory hurdle for the fintech company's expansion into Argentina's retail banking market. The move marks a significant step in Revolut's push into Latin America, allowing it to operate through an established local bank rather than building its licence from scratch.
- 4Payward Plans Financial Infrastructure Beyond Kraken Exchange▼Payward Looks to Build Financial Infrastructure Beyond Kraken Exchange
Payward, the parent company of crypto exchange Kraken, says it is working to build financial infrastructure that extends beyond its core exchange business. The move signals an effort to diversify into broader financial services, positioning the company as a wider fintech provider rather than a crypto trading platform alone. Details on specific products or timelines were not provided.
- 5Purple Group launches embedded finance arm Hello Purple●Purple Group launches embedded finance division Hello Purple The group is packaging its own technology as an offering to
South African investment group Purple Group has launched Hello Purple, a new embedded finance division that packages the company's own banking and payments technology as a service for fintech developers. Through the offering, external firms can build Purple's financial infrastructure directly into their own products. The move follows a broader industry trend of financial groups monetising their technology stacks via business-to-business partnerships.