Hey FinTech Fanatic,
This last week, I covered how FinTech platforms are moving deeper into the operational workflows of small businesses.
SumUp has launched an in-platform accounting tool powered by Sage, designed to help UK merchants prepare for the upcoming Making Tax Digital rules coming into force in April 2026.
On the surface, it’s a compliance feature.
Zoom out, and it reflects a broader shift.
Payments platforms are increasingly expanding into adjacent services like accounting, tax reporting, and financial management. The goal is simple: become the operating layer for small businesses, not just the payment processor.
As regulation pushes merchants toward digital reporting, platforms that integrate compliance directly into everyday workflows gain a clear advantage.
Curious what else is shifting across FinTech, Payments, and Digital Banking? Scroll down 👇
Cheers,
The API enables AI agents to check balances across all accounts, send payments, convert currencies in real time, manage payroll, and reconcile transactions. In addition, Brighty’s AI agent can read incoming invoices and initiate international transfers with full audit trails and compliance.
NOW, ON TO THE SUMMARY OF LAST WEEK’S NEWS
⭐️ SumUp expands into the accounting market with a free Making Tax Digital for income Tax offering, powered by Sage. Through this joint offering, sole traders will be able to streamline their Income Tax reporting, reducing administrative burden and helping them stay compliant with HMRC requirements.
⭐️ CEC Bank launches RoPay P2B for instant payments to merchants. The new functionality enables customers to complete payments by scanning a QR code displayed in stores, with funds transferred instantly from account to account. Read more
⭐️ Coinbase CEO highlights UK regulatory risks as US stablecoin framework advances and global adoption surges. Coinbase CEO Brian Armstrong has raised concerns about proposed UK stablecoin regulations, warning that limits on holdings for individuals and businesses could hinder innovation and weaken the country’s position as a global financial hub.
⭐️ Nexi launches new agentic commerce capabilities that enable automated payment workflows for AI agents. Leveraging its new Model Context Protocol (MCP), Nexi will simplify AI agent access to its capabilities and solutions, laying the foundation for secure, resilient, and trusted infrastructure for agentic commerce.
Tide launches Tide Business Phone Number mobile plans globally, powered by Gigs. The launch is designed to help Tide’s nearly 800,000 UK members better separate their personal and professional lives. Tide BPN allows members to set up a dedicated business number directly within the Tide app via eSIM, either by transferring an existing number or activating a new one.
Coinbase CEO highlights UK regulatory risks as US stablecoin framework advances and global adoption surges. Coinbase CEO Brian Armstrong has raised concerns about proposed UK stablecoin regulations, warning that limits on holdings for individuals and businesses could hinder innovation and weaken the country’s position as a global financial hub.
3S Money doubles down on Europe with local French IBANs and the launch of a Paris office. The move marks a significant step in the company’s broader European expansion and commitment to the EU’s second-largest economy. It reinforces its long-term mission to support internationally active businesses operating in and out of France.
Main Irish banks to launch mobile payments service. Customers of AIB, Bank of Ireland, and PTSB will be able to send, request, and split payments under the new system this week. The Zippay service will be rolled out on a phased basis, with the potential to reach more than five million eligible customer accounts of the three retail banks.
iDenfy releases a unique KYB AI reviewer that automates the corporate onboarding process. This built-in feature helps reduce what once took compliance teams hours to check to a matter of seconds, making KYB compliance less complex across various regulated industries.
Lloyds strives to be the UK’s biggest FinTech by selling more customer data. The high-street lender aims to cut IT costs by hundreds of millions of pounds a year by 2028 as it shuts down hundreds of internal apps, according to internal documents.
10x Banking celebrates 100th release. 10x Banking has announced version 10.0 of its platform, its 100th release, marking nearly a decade of continuous development aimed at helping financial institutions modernize and scale. The milestone reflects the company’s approach of delivering frequent, seamless updates that add new capabilities without downtime.
Monzo slammed for ‘shaming’ end of year reviews. Digital bank Monzo has been accused of overstepping the mark by using data it holds on customers to call out their spending habits and lifestyle choices. The bank used data to tell one customer with a past eating disorder that she eats a lot of fast food.
Silverflow closes $40 million Series B as it nears one billion transactions annually. This European-led capital injection will be used to solidify Silverflow’s position as the new standard in payment processing, accelerating its global expansion, enhancing its product suite, and funding a massive increase in its global workforce by more than 50%.
EBRD signs €40 million guarantee with Libra Internet Bank in Romania. This innovative risk-sharing instrument will enable Libra to scale up financing for green projects in Romania, focusing on energy-efficient buildings and sustainable transport, and will help bridge the funding gap for sustainable energy investments to support Romania’s transition to a low-carbon economy.
BBVA Spark completes €4 million financing deal with TaxDown to boost its growth and strengthen its AI-powered solutions. This financing will enable BBVA to continue investing in artificial intelligence, improving its product and simplifying the financial lives of millions of people.
Tesonet completed a €5 million investment in Finbee Group. The investment is intended to strengthen the group’s capital base and expand financing volumes for consumers and small businesses in Lithuania and international markets.
Moldova-born FinTech Fagura targets €3mn equity round. The new capital will be used to expand the platform’s capabilities, including the development of AI-based tools for financial decision-making, expansion into new European markets, and improvements to the user experience for both investors and borrowers.
Backbase names Didier Van der Coelden, CFO. Van der Coelden will position finance as a true strategic partner to the business, balancing the company’s existing speed and agility with the financial discipline required to scale globally.
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