Finovate

Meniga Launches New Conversational LLM Product

2026-07-08T14:35:32Z

Personal finance solutions fintech Meniga launched a new product called Fini, an MCP server that enables banks to bring agentic AI into their existing platforms.

Fini, which was built with the input of five large banks, serves as the bridge between a bank’s preferred large language model (LLM) and Meniga’s personal finance, enrichment, and insights capabilities. Rather than building its own AI model, Meniga enables banks to pair Claude, GPT, Gemini, or another LLM with the company’s financial intelligence platform, allowing customers to ask questions about their finances in natural language within the bank’s website or mobile app.

Founded in 2009, Meniga serves over 100 million banking customers across 30 countries. The UK-based company’s clients include UniCredit, Groupe BPCE, UOB, Swedbank, SAB, Tangerine, and Riyad Bank. Meniga’s intelligence and personalization layer helps banks turn financial data into insights and proactively anticipate customer needs, promoting engagement.

Meniga anticipates that this conversational interface will benefit banks by engaging with consumers on a deeper level, increase satisfaction, lower support costs, and offer insights into customers’ individual needs. The new tool also meets consumers where they are, especially as their preferences shift away from features and towards conversational interfaces that offer instant, personalized answers.

“The banks that win agentic banking will be the ones that ground their conversational layer in real financial context. Not a generic chatbot, but an assistant that actually knows a customer’s spending patterns, their goals, and their upcoming bills, and is able to act on them,” said Meniga CEO Raj Soni. “With Fini, banks can enter the AI-agent era on the platform they already trust, without rebuilding what’s underneath, and without their data ever leaving the bank.”

Beyond answering questions, Fini supports agentic AI workflows that allow customers to complete certain banking tasks, like opening new accounts or setting up automatic transfers, directly within the conversation. This eliminates the need to navigate to separate screens.

Because Fini is model-agnostic, banks can build their AI assistants on Claude, GPT, Gemini, or their own proprietary model while relying on Meniga to provide the underlying financial context. Banks also retain control over their own guardrails, identity and access controls, and customer data, which never leaves the bank.

Meniga’s launch is similar to those of other fintechs racing to capture the LLM opportunity for consumer financial management. Rather than developing proprietary large language models, banks are increasingly viewing AI as a layered architecture. Foundation models such as Claude, GPT, or Gemini provide the conversational interface, while companies like Meniga provide the financial intelligence needed to ground those conversations in a customer’s actual spending patterns, cash flow, subscriptions, and financial goals. This approach enables banks to adopt new AI models as they emerge without rebuilding the personal financial management capabilities that differentiate their customer experience.

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Decisionly Partners with Episode Six on AI-Powered Dispute Automation

2026-07-08T13:37:06Z

Card issuer Episode Six has forged a strategic partnership with dispute automation platform Decisionly.
The partnership will give card issuers an end-to-end dispute management solution that will enable them to boost efficiency via AI-powered automation.
Founded in 2024 by the team that launched Chargehound, Decisionly made its Finovate debut at FinovateFall 2025.

Enterprise-grade card issuer Episode Six has teamed up with AI-powered dispute automation platform Decisionly in a strategic partnership designed to give card issuers an end-to-end dispute management solution. The alliance will help issuers burdened with traditional dispute and chargeback tools deal with the complexity of modern card program management.

Decisionly’s technology automates the entire dispute lifecycle, including regulatory requirements, network rules, and custom program configuration. The platform delivers automation rates of greater than 95% from day one and reduces manual dispute resolution work by more than 80%. Both Decisionly’s and Episode Six’s platforms are based on an API-first architecture and serve overlapping markets. This will allow customers to access best-in-class capabilities across card infrastructure and dispute operations, and help transform disputes from a cost to be dreaded into an opportunity for creating superior experiences for cardholders.

“We built Episode Six to give issuers the infrastructure they need to run modern card programs, and that means addressing every layer of the stack,” Episode Six CEO and Co-Founder John Mitchell said. “The shift towards purpose-built solutions is accelerating across payments, and disputes is one of the clearest examples of an operational function ready for transformation. By partnering with Decisionly, we can now offer those clients the solutions they need.”

Operating in more than 50 countries, Episode Six is an international, API-first, cloud-native card infrastructure provider. The company’s technology can be run as a sidecar to existing systems or as the foundation for a new stack. Episode Six enables creation of a wide range of products including credit, prepaid, and commercial cards; virtual accounts; embedded wallets; BNPL and lending features; and more. Founded in 2015, Episode Six is based in Austin, Texas.

“Partnering with Episode Six was a natural fit,” Decisionly CEO and Co-Founder Pallavi Kuppa-Apte said. “We share the same fundamental belief that modern card programs deserve modern technology at every layer, including disputes. Episode Six gives us a direct path to a strong and growing base of banks and fintechs already running on modern infrastructure, exactly the kind of issuers who are ready to unlock the full value of purpose-built dispute automation.”

Founded in 2024 by the team that launched Chargehound (which was acquired by PayPal in 2021), Decisionly made its Finovate debut at FinovateFall 2025. At the conference, the company demonstrated its AI-powered dispute resolution and first-party fraud detection technology for card issuers. Decisionly automates disputes from intelligent intake to custom investigation,to rapid resolution, combining deep domain expertise with advanced technology to allow card issuers to make faster, smarter decisions while lowering operational risk.

Photo by Mike Kononov on Unsplash

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Signicat and TrustTech Bring Reusable Identity to Digital Wallets

2026-07-08T00:56:46Z

Digital identity innovator Signicat has teamed up with identity verification specialist TrustTech to bring reusable compliance checks to regulated businesses through private digital wallet ecosystems.
The partnership combines Signicat’s digital identity platform capabilities with TrustTech’s trust infrastructure to enable verified identity data to be established once and then reused across systems, entities, and borders.
Based in Norway, Signicat made its Finovate debut at FinovateEurope 2017 in London.

Digital identity and trust services provider Signicat has partnered with digital trust infrastructure company and identity verification specialist TrustTech to bring reusable compliance checks and trusted signatures to regulated businesses via private wallet ecosystems.

The partnership combines Signicat’s digital identity platform capabilities with TrustTech’s trust infrastructure to help businesses transition away from fragmented identity checks, password-based authentication, and repetitive signing processes in favor of a single, private wallet-driven flow. This enables verified identity and trusted information to be established once and reused across multiple systems, organizations, and borders. The partnership will initially focus on financial services, government, and healthcare, industries where EU-compliant private wallets are already being deployed for employees and customers. These private wallets are front-running eIDAS 2.0, a digital identity framework in the EU that mandates that member states provide citizens with a secure European Digital Identity (EUDI) wallet, and that these wallets be accepted for standardized, cross-border authentication.

“Customers, employees, and partners should not have to prove who they are again and again, and institutions cannot afford to rebuild trust from scratch every time,” TrustTech Chief Commercial Officer Rens Pennings said. “By combining TrustTech’s proven reusable trust infrastructure with Signicat’s European scale, we can help regulated enterprises move from one-off verification to reusable identity. The result is faster onboarding, less manual work, and trusted digital journeys that work across private wallet, sector wallets, and the wider European identity ecosystem.”

TrustTech helps organizations and businesses navigate increasingly complex regulatory regimes, security risks, and fragmented identity systems. The Netherlands-based company’s digital identity solutions and supporting infrastructure enable organizations to securely identify users and customers, protecting sensitive data and conforming with regulations such as eIDAS 2.0, GDPR, and NIS2. Founded in 2025, TrustTech allows organizations to replace repeated checks and paperwork with reusable KYC and compliance checks that feature secure information sharing and cross-organization interoperability.

“Regulated organizations are dealing with identity across more touchpoints than ever, from customer onboarding to employee access, partner checks, and digital signing,” Signicat Chief of Enterprise for Central & Southern Europe Thijs Vink said. “Private wallets give them a practical way to bring those journeys together today, rather than waiting for the wider public wallet ecosystem to mature. By partnering with TrustTech, we can help enterprises create trusted identity experiences that are easier to manage, safer to use, and ready to scale across Europe.”

Founded in 2016 and headquartered in Trondheim, Norway, Signicat made its Finovate debut at FinovateEurope 2017. Today, more than 21,000 organizations around the world use its digital identity solutions for identity proofing, authentication, electronic signatures, trust orchestration, and more. Signicat’s digital identity platform features more than 35 electronic identity methods, as well as access to 500+ digital identity experts across Europe. Asger Hattel is CEO.

Photo by Simon Williams on Unsplash

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What’s Really Behind Robinhood’s 7% Yield?

2026-07-06T22:53:36Z

Robinhood announced a handful of features last week, including the rollout of Robinhood Earn, a decentralized lending product that allows people to lend their dollar-backed USDG through a self-custody wallet at an estimated 7% APY. This estimated 7% APY on USDG stablecoin deposits is high enough to raise eyebrows, especially at a time when banks are paying closer to 3% to 4% on their highest-yield savings accounts. So how can Robinhood sustainably offer 7%?

Robinhood Earn

First, let’s take a look at the details of the launch. Robinhood Earn applies to USDG, a stablecoin issued by Paxos Digital Singapore and Paxos Issuance Europe. Robinhood is not paying 7% APY on bank deposits. Instead, the yield is generated by lending activity for Robinhood users who lend stablecoins using Morpho, a decentralized lending protocol that powers onchain lending. Just as with fiat lending, there is risk in lending stablecoins. Users still assume the risk on the deposits. However, Robinhood has partnered with Lloyd’s of London and RELM to protect covered losses in the event of cyber or smart contract exploits. Essentially, the company is bringing decentralized finance (DeFi) into a familiar customer experience.

The 7% interest strategy appears no different from a fintech offering a new high-yield savings account that pays an above-average yield of over 4% APY in order to incentivize consumers to open new accounts. It is a marketing tool. Robinhood’s new DeFi lending product is already integrated into its mainstream brokerage experience, so the 7% is the additional incentive for users to convert cash to USDG, begin using Robinhood Chain, and eventually use tokenized assets and on-chain services.

Should banks offer 7% yield?

It is important for firms to recognize that yield has become a feature, not the product. If stablecoins become everyday money, what role does the deposit account play? If consumers can earn yield without a traditional bank account, how should banks compete? And what happens when customers don’t even realize they’re using decentralized finance?

The answer isn’t necessarily to match Robinhood’s 7% yield, which is good, because banks already know that offering a 7% yield is off the table. Instead, banks should focus on the advantages DeFi can’t easily replicate:

Trust
FDIC insurance, consumer protections, fraud resolution, and regulatory oversight still matter—especially during periods of market volatility.
Financial relationships
Consumers don’t just need a place to store money. They need mortgages, auto loans, credit cards, financial advice, and payment services. Banks have an opportunity to integrate yield-generating products into a broader relationship.
Simplicity
Robinhood’s announcement demonstrates that consumers don’t want to navigate wallets, bridges, or smart contracts. Banks that can abstract blockchain complexity while maintaining a familiar customer experience will be well positioned.
Hybrid models
Rather than viewing DeFi as competition, banks may eventually incorporate tokenized deposits, stablecoins, or on-chain lending into their own offerings, allowing customers to benefit from blockchain infrastructure without leaving the regulated banking system.

In the new era of finance, the winners will be those that make DeFi invisible. Just as most consumers don’t think about ACH, RTP, or card networks when they use a credit card, in the future they may not care whether their yield comes from a bank balance sheet or an on-chain lending protocol. Instead, they’ll choose the institution that offers the best combination of return, trust, and convenience.

Photo by Andrew Neel

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AI-Driven Investment Platform MDOTM Raises $27 Million

2026-07-06T22:10:14Z

AI-powered investment solutions provider for asset and wealth managers MDOTM has raised $27 million in funding.
The round was led by Expedition Growth Capital and takes MDOTM’s total funding to $36.5 million.
MDOTM made its Finovate debut earlier this year at FinovateEurope 2026, introducing its proprietary AI investment platform Sphere.

In a round led by Expedition Growth Capital, AI-driven investment solutions provider MDOTM has secured $27 million in growth equity funding. The investment takes the company’s total funding to $36.5 million, and will be used to accelerate international expansion and hiring across AI research, engineering, product, sales, and client solutions.

With clients including Morgan Stanley, Amundi, and Zurich Bank, MDOTM serves more than 60 financial institutions throughout Europe, the UK, and the US, enabling a growing number of firms to use AI-powered solutions to manage complex investment portfolios at scale. The company’s flagship offering, Sphere, analyzes market and macroeconomic data to identify market regimes and provide forward-looking insights across asset classes. Investment teams can leverage this analysis to construct their own market views, which are then translated into portfolio construction and rebalancing tools. This empowers users to create, customize, and manage investment portfolios at scale, leveraging Sphere’s generative AI capabilities to automatically create personalized portfolio commentary and client reporting.

“Asset and wealth managers are no longer asking whether to use AI in investment decisions, but how to deploy it at scale across thousands of portfolios while maintaining control,” MDOTM CEO Tommaso Migliore said. “That is exactly what Sphere was built to enable, which is why leading financial institutions are already running the platform in production. This investment will help us expand our team and meet the accelerating demand in the US and European market.”

MDOTM’s funding comes as asset and wealth managers are dealing with the twin challenges of fee compression and a demand for personalization. Further, the rising number of investment opportunities is making portfolio orchestration increasingly complex. This requires asset and wealth managers to manage a greater number of inputs, constraints, and decisions across thousands of portfolios. In response, MDOTM’s Sphere delivers an end-to-end AI workflow for investment teams, providing them with AI-driven insights, automated portfolio construction, customization, and rebalancing, personalized portfolio commentary, and more. With over $100 billion in assets under management, MDOTM’s Sphere is backed by a team of 60+ data scientists, engineers, and finance experts, as well as the MDOTM LAB, an academic network of 20+ professors and PhDs engaged in research on machine learning, portfolio management, behavioral finance, and AI ethics.

“Financial institutions have spent the last decade buying back-office and front-end software, but the work in the middle still happens in spreadsheets: rebalancing, keeping portfolios aligned with house views, and generating client commentary,” Expedition Growth Capital Partner Steve Twomey said. “MDOTM has built the AI infrastructure that finally scales that work, with the explainability and governance institutional buyers demand.”

Founded in 2015 in London, MDOTM made its Finovate debut at FinovateEurope 2026. At the conference, the company demonstrated its proprietary AI platform, Sphere, which enhances investment processes and decision-making for banks, insurers, asset managers, and wealth management firms.

Photo by Lucas Davies on Unsplash

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Klarna Applies for US Banking License

2026-07-06T20:42:48Z

Klarna has applied to establish Klarna Bank USA, a Utah-chartered industrial bank, marking its latest step toward becoming a full-service bank in the US.
Owning a bank charter would allow Klarna to bring banking operations in-house, reducing its reliance on partner banks while expanding its payments, savings, credit, and merchant offerings.
Klarna joins a growing wave of fintechs pursuing US bank charters in 2026, reflecting an industry shift toward owning banking infrastructure instead of relying on sponsor banks.

Digital bank and BNPL provider Klarna is the latest fintech to apply for a US banking license. The company announced today that it has submitted applications to the Utah Department of Financial Institutions and the FDIC to establish Klarna Bank USA. The newly proposed bank will be a Utah-chartered industrial bank.

Klarna’s role as a bank is not new. The Sweden-based fintech has had a bank license in Europe since 2017, and while it has been providing bank services in the US since 2019, it does so through partner banks. Originally founded in 2005 as a buy now, pay later technology provider, Klarna now counts 30 million users in the US and over 119 million active global users.

Klarna said that obtaining its own bank charter will enable it to offer a broader suite of financial services directly to consumers while reducing its reliance on partner banks. The company also framed the move as a way to foster greater competition in the US banking market. “Banking is built on trust,” said Klarna Co-founder and CEO Sebastian Siemiatkowski. “We’ve seen firsthand the appetite for a fairer, more transparent approach in the US, and our own banking license is the natural next step, giving customers tools to borrow responsibly and build financial confidence, while bringing greater competition, innovation, and choice to consumers and merchants alike.”

Klarna Bank USA will operate as a subsidiary of Klarna and will have its own independent board, governance, and internal controls. Klarna has appointed Gary Harding, who served as CEO of both Milestone Bank and Prime Alliance Bank, to serve as President and CEO of Klarna Bank USA.

Having its own bank charter would allow Klarna Bank to bring its existing banking operations in-house. Klarna anticipates that removing its reliance on WebBank, its partner bank, will increase reliability across payments, savings, credit, and merchant services. Obtaining its own bank license will offer consumers more transparency and safety by bringing digital tools and traditional banking products in one place.

Klarna’s move to apply for a bank charter follows a flurry of applications in the first half of 2026. According to American Banker, two dozen neobanks, digital asset companies, lenders, investment firms, and payments providers have applied for or conditionally received bank charters so far this year.

Klarna’s application is another sign that fintechs are increasingly viewing bank charters as a strategic advantage instead of a regulatory burden. After years of relying on sponsor banks to offer deposit accounts and lending products, many fintechs have realized that owning the charter can provide greater control over product development, funding, compliance, and the customer experience. Even though the process to obtain a charter is costly and brings heightened regulatory oversight, it also gives companies like Klarna more flexibility to build long-term banking relationships with customers instead of depending on third-party partners.

Photo by Julio Lopez

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Fintech Rundown: A Rapid Review of Weekly News

2026-07-07T13:57:36Z

After a thrilling weekend of World Cup matches, fans in the US are readying for this evening’s big contest against Belgium. To help you while away the hours until then, here’s a look at some of the top fintech headlines that are coming across our radar today. Be sure to check back with Finovate’s Fintech Rundown all week long for the latest updates.

Digital banking

Cloud-native core banking and payments platform Thought Machine surpasses $100 million total revenue milestone.

Digital banking platform for small businesses Bluevine expands its services to selected foreign-resident owners of US businesses.

Agentic AI

BBVA completes its first AI agent-initiated transaction on behalf of a cardholder.

Caixabank initiates its first agentic shopping transaction.

Stablecoins

Standard Chartered launches new capability enabling institutional clients to access USDC minting and redemption.

Payments

PayPal joins the European Payments Council (EPC).

Tuition.io partners with ACHS.edu to support employee education and career growth.

Investing and wealth management

SoFi acquires AI-based investing startup Composer.

Nigerian-founded financial services fintech LemFi secured regulatory approval to acquire investment platform Wealth8.

Identity and authentication

Signicat and TrustTech team up to introduce reusable identity to European digital wallets.

Visa unveils threat intelligence platform to bolster cyber and fraud defense.

Photo by Fauzan Saari on Unsplash

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Finovate Podcast Features the Five Best of Show Winners from FinovateSpring 2026

2026-07-03T06:45:14Z

Finovate Podcast host Greg Palmer showcases the winners of Best of Show from FinovateSpring 2026 in his latest series of podcast conversations.

The five companies that won Best of Show represent many of the top trends in fintech today, from embedded finance and stablecoin-powered payments to mainframe modernization and AI-enabled personalization. In these interviews, we learn about the inspiration behind the founding of these innovative companies and the problems they are solving for banks, credit unions, other financial institutions, and their customers.

Finovate podcast host Greg Palmer talks with Caitlyn Truong, CEO and Co-Founder of Zengines.

Palmer and Truong discuss how Zengines addresses the challenge of managing legacy core banking applications written in older programming languages like COBOL, RPG, and PL1. Truong explains how her company is modernizing legacy mainframe applications without losing critical logic, satisfying auditors faster, and making legacy systems searchable so transformation and compliance do not stall.

EP 299: Caitlyn Truong, Zengines

Juan Jurado-Blanco and Armando Quintana, CEO and Chief Revenue Officer of Clockout, respectively, sit down with Greg Palmer in this Finovate podcast conversation.

The trio discuss the benefits of earned wage access as an offering for community banks and credit unions. Clockout’s technology enables users to access their earned wages the same day they work, rather than waiting for traditional biweekly or even monthly pay cycles. The solution embeds seamlessly into existing bank experiences.

EP 298: Juan Jurado-Blanco and Armando Quintana, Clockout

Oren Buskila, CEO and Co-Founder of Cobalt, talks with Finovate podcast host Greg Palmer about the challenge of financial institution system dependencies.

Cobalt offers a technology that automatically maps real system dependencies across complex banking environments, enabling agentic AI, real-time visibility, safer changes, reduced risk, and confident operations. Cobalt enables technical teams to anticipate the consequences of modifications before implementation, preventing failures and ensuring safer deployments.

EP 297: Oren Buskila, Cobalt

Podcast host Greg Palmer catches up with Craig McLaughlin (CEO) and Baron Conway (Chief Strategy Officer) of Finalytics.AI in the wake of the company’s second consecutive Best of Show win at FinovateSpring (2025 and 2026).

Palmer, McLaughlin, and Conway discuss how Finalytics.AI enables community financial institutions to deliver personalized, high-touch experiences through digital channels while leveraging the wealth of customer data these banks and credit unions possess.

EP 296: Craig McLaughlin and Baron Conway, Finalytics.AI

Host Greg Palmer interviews Crebit co-founders Jensen Coonradt (CEO) and Simmi Sen (Chief Product Officer).

In this podcast conversation, Coonradt and Sen explain how their company is modernizing international money transfers by leveraging stablecoin technology to send money across borders as easily as sending a text message. Crebit’s “stablecoin sandwich” approach enables users to on-ramp funds using local payment methods before settling into virtually any currency worldwide in minutes.

EP 295: Jensen Coonradt and Simmi Sen, Crebit

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US Bank’s Queanne Smith on Streamlining Small Business Banking

2026-07-02T17:31:49Z

How are financial institutions like US Bank helping small businesses take advantage of new, innovative tools and technologies that will enable them to better serve their customers and scale their operations? At FinovateSpring 2026 earlier this year, I spoke with Queanne Smith, Senior Vice President at US Bank, on how integrated digital solutions and strategic partnerships can bring greater efficiency and new revenue opportunities to small and medium-sized enterprises.

In our conversation, Smith talks about the challenges that small businesses face when confronted with fragmented banking services, and explains how embedded banking and platform integration can build trust and efficiency. Smith also discusses the importance of delivering end-to-end solutions like billpay and payroll and shares her thoughts on the best practices for bank-fintech partnerships.

“We did a survey in 2025 with about a thousand of our small business owners and identified that 63% of those small business owners were really struggling and overwhelmed by the number of platforms they were utilizing for their cash management services … The integration that we’re looking to build enables our small business owners and midsize businesses to have a one-stop shop experience. The opportunity for us to think about how clients interface with us and experience us is a real thing. The objective is to minimize the points of friction and improve the client experience overall.”

Queanne Smith is a Senior Vice President at US Bank, where she leads business strategy and partnerships designed to expand access to capital and growth tools for small business owners. Smith works at the intersection of banking, technology, and community impact, leveraging partnerships, data, and emerging tools to deliver scalable, measurable outcomes. In 2025, Smith was recognized as part of American Banker’s Most Powerful Women in Banking Top Teams.

The fifth-largest commercial bank in the United States, US Bank serves millions of clients via a diversified range of business lines. These operations include commercial and institutional banking, business banking, payments, wealth management, and consumer banking. Headquartered in Minneapolis, Minnesota, and a member of the Fortune 500, US Bank was named one of the World’s Most Ethical Companies by the Ethisphere Institute.

Photo by Giant Asparagus from Pexels

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MX Unveils Conversational Financial AI Assistant

2026-07-01T01:39:23Z

MX launched a white-labeled conversational AI assistant that banks can embed into their digital banking platforms.
Unlike many consumer AI tools, MX’s assistant can both answer questions about a customer’s finances and initiate banking actions, such as opening new accounts.
The launch reflects a broader industry shift toward keeping AI-powered financial guidance inside banks’ own digital channels, helping institutions strengthen customer relationships.

Financial data platform MX is bringing conversational AI directly into digital banking. The company unveiled a white-labeled financial AI assistant that banks can deploy within their existing banking platforms, enabling customers to ask questions about their finances and take action without leaving the bank’s app.

The new assistant allows bank customers to engage with their finances by asking natural language questions in a conversational environment. The assistant maintains an active relationship with the customer by surfacing meaningful opportunities for financial wellness. Unlike many consumer AI assistants, MX’s tool leverages the financial institution’s existing transactional infrastructure to help customers complete tasks such as opening new accounts.

MX financial institution clients also stand to benefit from the new conversational AI tool. It leverages consumer-permissioned data to contextually recommend immediate financial opportunities and relevant products and services at the exact moment they are needed. Additionally, the increased engagement can help improve consumer trust and reduce strain on traditional customer service channels. Most importantly, it ensures that the bank maintains control over the customer relationship.

“Financial institutions are sitting on incredibly powerful data. They just haven’t had the right tools to act on it at the moment that matters,” said MX CEO and Founder Ryan Caldwell. “This assistant will change that. It’s designed to take complex back-end data and turn it into a clear signal: this customer needs something right now. Instead of a third party stepping in to capture that moment, the relationship stays with the financial institution that earned it, and the customer gets help from someone they already trust.”

From a compliance standpoint, MX’s AI assistant routes user interactions through a secure architecture that helps mitigate risk by validating conversations against the bank’s pre-configured policy rules. These guardrails ensure that consumers receive insights that are derived from their actual data while ensuring administrative visibility for internal risk and compliance teams. And because data stays within the financial institution’s and MX’s platform, it is not made available for third parties to train or retain the data used by the AI assistant.

Interestingly, MX’s launch comes the same week that ChatGPT made its financial aggregation tool more broadly available to its subscribers. The Plaid integration now works for both ChatGPT Pro users as well as ChatGPT Plus users. However, MX’s AI assistant differentiates itself from the LLM’s capabilities in that it is not limited to read-only. The company’s new tool leverages the financial institution’s existing transactional processes to allow users to take actions on their accounts.

MX is currently recruiting early launch partners and expects to roll the assistant out to a broader group of financial institutions following the initial pilot phase.

Photo by kuu akura on Unsplash

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LexisNexis Risk Solutions Teams Up with Promon to Fight Fraud

2026-06-30T20:13:08Z

LexisNexis Risk Solutions and Promon announced a strategic alliance to enhance fraud prevention in mobile apps around the world.
The partnership will combine access to LexisNexis’ ThreatMetrix digital identity, device, and behavioral intelligence with Promon’s in -app protection and trusted telemetry technology.
Headquartered in Alpharetta, Georgia, LexisNexis Risk Solutions made its Finovate debut at FinovateFall 2025 in New York.

LexisNexis Risk Solutions has forged a strategic alliance with mobile application security firm Promon to bolster fraud prevention in mobile apps. The partnership will combine LexisNexis’ ThreatMetrix digital identity, device, and behavioral intelligence with in-app protection and telemetry from Promon’s Promon Shield and Promon Insight, respectively.

“Fraud prevention is increasingly dependent on understanding the full context of a digital interaction,” LexisNexis Risk Solutions Chief Commercial Officer Grayson Clarke explained. “Promon’s app protection capabilities complement the insights delivered through our LexisNexis Risk Intelligence Network, helping customers strengthen the signals they rely on to better detect fraud across the mobile environment.”

Defending mobile apps from fraud comes with a range of challenges. Using techniques such as malware, overlay manipulation, device tampering, reverse engineering, and automated abuse to bypass controls, fraud attacks are increasingly targeting the mobile app itself. This means that fighting fraud requires not just knowing who a user is, but also whether the environment the user is operating in can be trusted.

In response, combining access to in-app protection and telemetry provided by Promon Shield and Promon Insight with identity, device, and transactional risk intelligence from LexisNexis enhances the integrity of the app and strengthens fraud detection quality. These capabilities are orchestrated by the LexisNexis Dynamic Decision Platform, which enables companies to combine app-level protection and identity intelligence to provide better, real-time decisions throughout the mobile customer’s journey.

“Promon has always believed that strong mobile security is a critical foundation for digital trust,” Promon Chief Executive Officer Daniel Kollberg said. “As fraud increasingly targets the mobile app and device environment, organizations need clearer insight into whether each session can be trusted. We are bringing Promon Shield, mobile risk detection, behavioral insights, and tamper-resistant telemetry into one of the world’s leading fraud intelligence platforms, helping organizations protect customers, reduce fraud losses, and deliver safer mobile experiences.”

Together, Promon and LexisNexis Risk Solutions assess risk and protect applications across billions of installations and digital identities around the world. By providing a more comprehensive view of mobile fraud risk, bolstering both the application layer and the signals used for fraud detection, Promon and LexisNexis Risk Solutions are enabling organizations to reduce the number of blind spots in app environments.

Founded in 2006 and headquartered in Oslo, Norway, Promon provides runtime intelligence for apps, embedding protection into compiled apps in seconds with no source code changes and no SDK. Promon’s technology sits inside running apps, detecting threats, transforming trusted telemetry into informed decisions, and executing responses before attacks reach users. Promon has 500+ enterprise clients around the world and protects more than 13 billion transactions a month.

Headquartered in Alpharetta, Georgia, and founded in 2000, LexisNexis Risk Solutions made its Finovate debut at FinovateFall 2025. At the conference, the company demonstrated its AI-powered identity verification and fraud detection solution, IDVerse. The technology authenticates documents and provides biometric verification to defend customers against deepfakes and forged documents. LexisNexis Risk Solutions acquired IDVerse in February 2025.

Photo by Einar Storsul on Unsplash

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The Wait Is Over: First Wave Of Demos Announced For FinovateFall 2026

2026-06-30T20:06:11Z

At FinovateFall this year, we’re selecting 68 innovations that will reshape how financial services operate, and we’re ready to name names. We know many of you prefer to see the demo lineup before securing your delegate pass, so without further ado, here’s 80% of the lineup featuring breakthrough technologies you haven’t seen before and innovation trends you need to know.

The initial wave of selected companies represents many dynamic areas of fintech development—here are just four to give you a sneak peek:

Payments and Cross-Border Solutions: Payments, cross-border solutions, and payment infrastructure modernization feature prominently, with companies developing unified payment hubs that integrate multiple payment rails, blockchain-based remittance systems, and embedded international payment capabilities. These innovative solutions target the growing demand for seamless cross-border transactions and represent exciting new revenue diversification opportunities.

Digital Experience and Security: Privacy-focused customer analytics platforms, streamlined onboarding processes, and voice-based security authentication represent the industry’s cutting-edge response to evolving customer expectations and regulatory requirements around data protection.

Risk and Compliance: Real-time fraud prevention systems, automated reconciliation tools, and AI-powered dispute resolution platforms address the persistent challenge of managing operational risk while maintaining processing speed—and we’re eager to see these solutions in action.

AI-Powered Operations: The largest category, AI-Powered Operations, focuses on autonomous compliance processes, including AML investigations that require minimal human intervention, AI-driven lending workflows that accelerate decision-making, and intelligent back-office automation systems. These groundbreaking solutions address the industry’s ongoing challenge of balancing regulatory compliance with operational efficiency in ways we haven’t seen before.

What excites us most is seeing how these companies are turning industry pain points into competitive advantages, delivering solutions that attendees can evaluate and potentially deploy before they hit the broader market.

Now that you know who you’ll see on stage, it’s time to register. Register by this Friday, July 3 and save with early-bird rates.

Additional demo company announcements are expected in the coming weeks, so stay tuned for more exciting reveals.

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