Mastercard and BVNK bring fiat and stablecoins under one roof
Hey FinTech Fanatic!
What if you could manage fiat currencies and stablecoins through a single integration, instead of stitching together multiple providers? Mastercard and BVNK are making that a reality with the launch of Global Money Platform.
The platform combines Mastercard’s global payments network with BVNK’s stablecoin infrastructure, giving banks, FinTechs and enterprises access to multi-currency accounts, real-time conversion, stablecoin-linked cards and local payouts through Mastercard Move, all through a single API.
Following Mastercard’s acquisition of BVNK in August, this is the first major integration of their capabilities. Early adopters include Nuvei, Marqeta, Ontop, Bolt Group and Almond FinTech, with the platform designed to support everything from treasury management to cross-border payments and, eventually, agentic commerce.
The bigger picture? Money is becoming more diverse, but businesses still need it to move seamlessly between different forms and networks. Mastercard and BVNK want to make that transition feel like one connected system.
And speaking of financial infrastructure, Incognia uncovered a fraud operation in Brazil that grew to 159 devices accessing more than 11,150 accounts. Its investigation shows how precise location intelligence can expose coordinated fraud that device-level analysis alone might miss.
Plenty more happening in FinTech today.
Let’s get into it 👇
See you on Monday!
Cheers,
INSIGHTS
💡 Incognia: 159 Devices, 11,150+ Accounts: Inside a Fraud Farm. Incognia CEO Andre Ferraz reveals how a fraud operation in Brazil grew from 8 devices accessing 153 accounts to 159 devices accessing 11,156 accounts in just a few months. The breakthrough came from apartment-level location analysis, which connected suspicious devices to the same physical operation and exposed its growth over time. The case highlights why analysing device behaviour alone isn't enough, precise location intelligence can uncover coordinated fraud networks while helping avoid false positives against legitimate users. Read the full investigation here
FINTECH NEWS
🇬🇧 iwoca launches manda, an M&A marketplace for small businesses. The platform matches SME sellers with buyers and handles due diligence. Only 21% of SME owners hold a formal exit plan, iwoca data shows.
🇩🇪 Quirin Privatbank and quirion migrate their investment business to Upvest. The move starts with the launch of Germany's new Altersvorsorgedepot in early 2027. Together they manage more than €11 billion for over 118,000 end users.
🇹🇼 Taiwan blocks Coinbase and Kalshi over suspected election betting. A New Taipei court authorized the ban ahead of the Nov. 28 local elections. The Criminal Investigation Bureau suspects violations of the Public Officials Election and Recall Act.
PAYMENTS NEWS
🇺🇸 Mastercard and BVNK launch a global money platform connecting fiat currencies and stablecoins. The platform enables banks, FinTechs and businesses to offer multi-currency accounts, currency conversion and global payouts through a single API. Read more
🇸🇬 KPay secures a Major Payment Institution licence from MAS, expanding its payments ecosystem in Singapore. The licence lets KPay offer merchant acquisition plus domestic and cross border transfers. KPay serves more than 10,000 Singapore merchants.
🇸🇬 Payoneer Checkout launches in Singapore, helping businesses turn global demand into revenue. Powered by Stripe, it lets eligible firms accept international payments via their own online stores. Supported methods include cards and digital wallets.
🇬🇧 emerchantpay and LoopingOne enable digital transactions for Motorhome Depot in the UK. The setup gives Motorhome Depot seamless digital transactions and same day seller payouts. emerchantpay published the project as an online payments success story.
🌐 Splitwise launches Itemize, an AI feature for splitting bills from a photo. Users can snap a photo of a bill to split the cost. The feature is designed to take the awkwardness out of splitting shared costs. Continue reading
🇺🇸 Clair launches Clair Connect to expand payroll-linked on-demand pay across everyday apps. The solution enables banks, FinTechs and workforce platforms to offer workers access to earned wages without building their own payroll integrations. Read more
DIGITAL BANKING NEWS
🇺🇸 Owlting and Decaf open U.S. dollar accounts for companies outside the U.S. on OwlPay Harbor. Eligible firms can pay U.S. suppliers, employees and contractors without a U.S. entity. Decaf reported US$48 million in monthly payment volume.
🇭🇰 Ping An Digital Bank completes the HKMA's second GenA.I. Sandbox cohort. Its Anti-Fraud Strategy Platform, built with OneConnect, tested AI facial recognition against deepfake fraud. Sandbox testing showed deepfake detection accuracy of over 96%. Read more
🇺🇸 FIS makes its AML Investigations Agent commercially available to any U.S. bank. Amalgamated Bank projects it will cut Level 1 alert review time by over 90%. The agent was built with support from Anthropic and keeps analysts in control.
🇪🇸 Latinia says intelligent banking begins with decisioning in real time. Its Real-Time Decision Engine applies configurable business rules to banking events as they occur. Its technology supports over 170 million customers across more than 30 institutions.
BLOCKCHAIN/CRYPTO NEWS
🌐 Noah CEO Shah Ramezani weighs in on what comes next after the CLARITY Act fails. Following the Senate’s 49–50 vote, Ramezani says crypto regulation can still advance through the SEC and CFTC, even without the legislation. He also discusses the SEC’s five-year conditional exemption for tokenised stock trading and why putting equities on-chain could expand global access to US markets. Read the full interview.
🇪🇸 Iberdrola, BBVA and Santander close the first syndicated loan run entirely on blockchain. The €150 million deal uses a platform built by ioBuilders and both banks. Blockchain administers the loan's entire lifecycle, from disbursement to maturity.
🇺🇸 Dinari integrates with Para to expand self custody wallet access to tokenized U.S. equities. Eligible users can buy dShares™ for over 700 U.S. stocks and ETFs with USDC. Purchases settle directly into Para embedded wallets.
🇮🇳 Jio Platforms trades on crypto rails ahead of its record IPO. Bitget launched JIOUSDT perpetual futures on October 14 with leverage up to 20 times. The contract gives synthetic exposure to Jio's expected valuation without shareholder rights.
🇪🇺 BingX EU secures a MiCAR licence from Austria's Financial Market Authority. The approval lets BingX EU offer regulated crypto services across 29 EEA countries. Coverage remains subject to ongoing passporting arrangements.
STABLECOINS NEWS
🇪🇺 Noah secures MiCA CASP and PSD2 payment institution licences in the EU. The approvals let Noah offer stablecoin and fiat payments across all 27 EU states. Noah now holds more than 40 licences, registrations and approvals.
🇺🇸 Visa Direct moves its stablecoin capabilities from pilot to production, with Inyo Global as the first enabler. Inyo clients can now prefund cross border payouts with USDC in near real time. The platform supports domestic and international payouts across more than 180 countries.
🇺🇸 Cross River integrates Ripple's RLUSD stablecoin into its banking platform for settlements. Customers can move between U.S. dollars and RLUSD through a single API. Settlement runs 24/7 on the XRP Ledger, with no customer blockchain infrastructure required.
🇪🇺 The EBA classifies USDC as the first significant electronic money token in the EU. From 12 November 2026, the EBA takes over supervision of USDC reserves and liquidity. There are currently 45 such tokens notified under MiCA.
PARTNERSHIPS
🌐 Airwallex offers Bank Feed and Spend for Sage Intacct. The integration pushes balance and transaction data into Sage Intacct every hour. Card expenses, reimbursements and bills sync back with accounting codes.
🌏 Airwallex connects AUD and NZD accounts to MYOB through a direct bank feed. The connection syncs transactions and balances automatically into MYOB. It replaces manual CSV uploads for MYOB Business users.
🇨🇲 dLocal and Western Union expand their partnership to cover remittance payouts in Africa. The expansion starts with a live payout corridor in Cameroon. Recipients can receive remittances directly into supported local wallets via regulated local partners.
🌐 MRC and Checkout.com offer an intermediate transaction optimization course for eCommerce payment professionals. It covers dynamic retry, tokenization, and alternate routing tactics. Members pay USD $75 and nonmembers pay USD $150, plus applicable taxes.
🇮🇹 Norauto Italia goes live with Klarna as a payment option at checkout. Shoppers can choose Klarna and split the cost over time. The Klarna app lets users manage payments, track orders, and receive reminders.
🇬🇧 Klarna goes live as a payment option on M&S.com and the M&S app. Shoppers can split Fashion, Home and Beauty purchases into three interest free payments. The plan carries transparent terms and no revolving balance.
🇺🇸 Thredd and NXTMOVES partner to simplify credit program launch and scale. It starts in the U.S. and will combine technology, infrastructure and program expertise. Thredd and NXTMOVES already support shared clients, with more geographies planned.
🇸🇬 StraitsX partners with Visa to take its stablecoin card programs to over 100 markets. The deal extends its card issuing infrastructure beyond Asia. StraitsX reached annualised card GTV above US$6 billion.
🌎 Damisa and PPRO partner on stablecoin-powered cross-border payments. PPRO uses Damisa's network to move funds across borders the same day. The rollout started in Latin America and now extends to more markets.
🇶🇦 PayLater partners with Visa to bring Cybersource into its payments infrastructure. Qatar's first licensed BNPL provider gains Visa's fraud prevention and transaction control tools. The deal follows an MoU signed at Web Summit Qatar in February 2026.
🌐 DriveWealth and Ripple partner to bring institutional digital asset infrastructure to global investing. The partnership links DriveWealth's investing platform with Ripple's institutional infrastructure. Keep reading
🇰🇷 Ripple expands Korean partnerships from remittances to tokenized government bonds. Ripple has signed four institutional partnerships in South Korea this year. The latest, with Meritz Securities, focuses on digital asset custody and tokenization.
DONEDEAL FUNDING NEWS
🌐 Tether Capital invests in AIsa to push into AI payments and programmable money. AIsa lets AI agents access and pay for data, software, and computing through one interface. Usage is billed in fiat or stablecoins, with business spending limits.
🇺🇸 Stifel invests in Meow and partners to launch a digital banking platform. Stifel Bank will offer Meow's white label treasury platform to commercial banking clients. Onboarding starts in early 2027, initially focused on Venture and Fund Banking.
🇳🇴 Norwegian FinTech Neonomics secures $4 million from existing shareholders. The raise follows a refocus that cut its operating cost base by almost 50%. New customer acquisition has grown over 60% since January.
🌐 Fragment raises $12 million in a Series A funding round. The new capital supports the company's plan to turn agents into financial operators. Fragment announced the Series A round through a Business Wire press release. Read more
🇸🇪 Stockholm based Matters exits stealth with $5m to build an AI powered consumer bank. Swedish angel investor Jakob Johansson anchored the preseed round. Users will pay a fixed monthly subscription for neobank services with an AI Advisor.
M&A
🇺🇸 AnyCard Lifestyle and Savvy come together as Norell, a new global group in the US$1.5 trillion gift card, reward and incentive market. The combination was announced in a Business Wire press release. Continue reading
🇺🇸 Intuit agrees to acquire Sequence, a revenue management platform built on AI. It will strengthen Intuit Enterprise Suite and QuickBooks Online Advanced for mid market businesses. Sequence automates quote to revenue workflows across usage, seat and milestone pricing.
🇺🇸 Array acquires Hansa to expand embedded business credit and financial wellness services. Array partners can now offer consumer and business credit tools through a single platform. Financial terms were not disclosed.
MOVERS AND SHAKERS
🇺🇸 Silverflow appoints Jay Diamonon as Vice President of Sales for its US push. Diamonon previously held sales leadership roles at Adyen and BBVA. The hire follows Silverflow's $40 million Series B to fund international expansion.
🇸🇬 Backbase appoints Nikhil Gujral as Senior Vice President of Sales for Asia Pacific. He joins from BPC and will oversee Asia, Australia and New Zealand from Singapore. The hire supports expanding adoption of Backbase's Banking OS, launched earlier this year.
🇺🇸 Wells Fargo hires Cayetano Gea-Carrasco from BBVA as Head of AI and Data. Gea-Carrasco will oversee the lifecycle of AI use cases in consumer banking. He reports to Saul Van Beurden and will work from San Francisco.
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