SECTION · INFRASTRUCTURE

Infrastructure.

Core banking, ledgers, identity, RegTech, AI & automation, data & APIs. The plumbing the plumbers don't talk about - reported in detail.

008 STORIES PUBLISHED THIS QUARTER · UPDATED DAILY

Analysis GLOBAL · 12 MIN READ · 26 APR 2026

Why every neobank is suddenly building its own ledger — again.

After a decade of off-the-shelf core banking, the most ambitious neobanks are quietly bringing their ledgers back in-house. The reasons are not what you would expect.

BY RACHEL TAN

Scoop UK · 6 MIN

Thought Machine signs first-of-its-kind AWS deal for sovereign cloud cores.

BY FELIX VANDENBERG · 24 APR 2026

Analysis US · 9 MIN

Money movement is becoming a feature. That is bad news for fintechs that built a company around it.

BY MARCUS CHEN · 22 APR 2026

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News ASIA · 5 MIN

BharatCore lands four new licensed banks — and overtakes Mambu in South Asia.

The two-year-old Bangalore core-banking firm has signed four scheduled-bank conversions in the last quarter, including the largest neo-cooperative in Tamil Nadu.

BY PRIYA ANAND · 21 APR 2026

Explainer GLOBAL · 10 MIN

Ledger-as-a-service, explained — and why every serious fintech now needs one.

What a real double-entry ledger actually does, why your payments stack is not one, and how to think about buying versus building the most important primitive in fintech.

BY RACHEL TAN · 19 APR 2026

News UK · 5 MIN

Form3 acquires Modulr in £640M all-stock deal — creating Europe’s largest payments-infra group.

The combination gives the merged entity rails into FPS, SEPA Instant, FedNow and SWIFT gpi from a single API — and a real shot at unseating GPS in the European acquirer market.

BY HELENA MARQUES · 17 APR 2026

Analysis US · 8 MIN

FedNow has quietly tipped past 4% of US RTGS volume. The 10% line changes everything.

Two years in, the Fed’s instant-payments rail has crossed the threshold where bank treasurers can no longer ignore it. We look at what the next 18 months actually look like.

BY MARCUS CHEN · 14 APR 2026

Scoop EU · 7 MIN

BNP Paribas quietly licences its open-banking stack to three regional banks.

Inside the white-label deal that sees one of Europe’s largest banks become a fintech infrastructure vendor — and an early proof point for the bank-as-platform thesis.

BY LéA BERTRAND · 11 APR 2026

WHAT FINTECHLY IS TRACKING

Five infrastructure stories we're reporting next.

GLOBAL

Which neobanks have actually shipped their own in-house ledger this year.
US

Inside the FedNow connectivity push by the top 12 US sponsor banks.
EU

How Form3 and Modulr will integrate post-merger - and what breaks.
ASIA

BharatCore's path to becoming the default core for licensed Indian neobanks.

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