Finovate

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 trad...

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, al...

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 A...

Swift launched a blockchain-based ledger that lets banks move tokenized deposits across borders 24/7 before completing final settlement through existing banking systems. The ledger is designed to make blockchain interoperable with bank infrastructure, giving financial institutions a shared layer for digital money without requiring them to abandon current rails or co...

Agentic AI banking platform nCino announced a new partnership with Cornerstone First Mortgage, a full-service mortgage bank based in San Diego, California; as well as new capabilities for its Mortgage Point of Sale solution. Cornerstone First Mortgage highlighted nCino’s Mortgage Point of Sale solution in its partnership announcement, praising the technology’s flexib...