FinTech

Coast

2026-10-23 11:33:46

New York fintech startup Coast raises $35 million for payments platform

Coast, a fintech startup based in New York, has raised $35 million to launch a payments platform aimed at companies in the real economy. The update was carried by Techub News and cited Finextra as the source. The brief did not disclose additional details on the financing, including the investors involved, the funding round structure, or a launch timeline for the product. What is clear from the report is the intended use of proceeds: Coast plans to use the newly raised capital to roll out a platform focused on payment services for businesses tied to the physical economy. No further operational or product specifics were provided in the source material.

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Temenos

2026-10-23 09:51:35

Temenos selected by Raya Financing to support its next growth phase

Temenos said Raya Financing has chosen the Temenos Core platform to support the company’s next stage of growth. The banking technology provider said the platform will be used as part of Raya Financing’s growth strategy and is expected to help the financial services firm improve operating efficiency and customer experience. The update was cited by Techub, with Finextra named as the source of the announcement. No financial terms or implementation timeline were disclosed in the brief. The announcement centers on Raya Financing’s selection of Temenos Core as the technology foundation for its next phase, with the stated focus on operational performance and service quality for customers.

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Hong Kong

2026-10-22 10:53:51

Hong Kong adds 18 key enterprises spanning AI, fintech and digital asset solutions

Hong Kong’s Office for Attracting Strategic Enterprises held a partnership signing ceremony for a new group of 18 key enterprises that will set up or expand operations in the city, according to Techub News, citing a Hong Kong government press release. The companies span advanced manufacturing, new energy, artificial intelligence, life and health technology, fintech, and cultural and creative technology. The group also includes innovators working on embodied intelligence robots, physical AI, and digital asset solutions. Financial Secretary Paul Chan said innovation and technology is a priority area under Hong Kong’s first five-year plan. He said the government will use a "Finance+" approach to support corporate fundraising and help commercialize innovation and research outcomes. To date, the office has attracted 142 key enterprises. Those companies are expected to bring about HK$84 billion in investment and create around 26,700 jobs over the coming years.

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PAIR Finance

2026-10-22 10:06:17

PAIR Finance launches AI debt collection platform in Norway

PAIR Finance, described as a leading European AI debt collection platform, has launched in Norway, according to a Techub News brief citing Finextra. The company said its platform uses artificial intelligence to optimize the debt collection process. The item disclosed only limited details and did not include additional information on product features, rollout scale, customer base, or financial metrics. The update centers on the company’s market entry in Norway and its use of AI in debt collection operations.

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Model ML

2026-10-22 09:11:19

Model ML opens Dubai office and names Raghav Sehgal regional general manager

Model ML, an agent operating system focused on financial and professional services, is expanding in the Middle East with a new office in Dubai. The company also appointed Raghav Sehgal as regional general manager for the area. The update was reported by Techub News, citing Finextra. The announcement points to a broader regional push by Model ML as it builds out its presence in the Middle East. No additional operational details were disclosed in the source brief.

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BIS

2026-10-21 23:19:59

BIS says fintech cross-border payments cost less than banks and stablecoins

A study by the Bank for International Settlements found that cross-border payments remain slow and expensive, while fintech firms such as Wise and Remitly have cut costs sharply compared with traditional retail bank wire transfers. The study also said stablecoins still face frictions in cross-border payment use cases. The item was cited by Finextra and summarized by Techub. The findings draw a clear contrast between newer payment providers and both legacy banking rails and stablecoin-based transfers, with the BIS pointing to persistent inefficiencies in the broader cross-border payments market.

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Robbin

2026-10-21 17:33:55

Robbin launches credit MCP technology with ChatGPT and Claude integration

Fintech company Robbin has introduced what it described as Latin America’s first credit Model Context Protocol, or MCP, technology. The product is designed to let finance teams use a company’s credit intelligence directly inside the AI assistants they already work with, rather than moving between separate systems. Robbin said the technology integrates with Anthropic’s Claude and OpenAI’s ChatGPT, turning credit analysis into a conversational workflow. Through that setup, teams can ask for customer-specific credit limit recommendations, run risk assessments based on a buyer base, and surface credit limits that need review. The item was cited by Techub News, which referenced Finextra.

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Tether

2026-10-21 13:14:14

Tether leads Peso pre-seed round to expand USDT payment rails in Latin America

Tether has led the pre-seed financing round of Bolivian fintech company Peso, backing a push to expand fast, low-cost stablecoin payment services across Latin America. The company said the funding is intended to speed up everyday USDT use across retail, institutional, e-commerce, food delivery, ride-hailing and banking channels. Peso offers global USDT accounts and lets users handle savings, spending, investing and cross-border remittances through a single app. The company has also partnered with Yango, a digital services platform operating in Bolivia, allowing users to pay for food orders in-app with USDT. In addition, Peso provides virtual accounts opened in users’ own names and POS acceptance services, linking USDT directly to Bolivia’s banking system through QR codes and ACH rails for conversion between stablecoins and local fiat currency. Tether CEO Paolo Ardoino said Peso is building payment infrastructure that can move USDT from a savings tool into a channel people use every day. Peso CEO and co-founder Alejandro Terán said the investment will accelerate the company’s product roadmap and let users in Latin America open accounts within minutes and use USDT in daily transactions.

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