The Weekly Wrap: all you need to know by Friday COB | May 22nd

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Saint John’s Cooperative Credit Union (SJCCU) has selected Profile Software’s Finuevo Core platform as part of a broader effort to modernise its banking infrastructure and strengthen digital lending and member servicing capabilities in Antigua & Barbuda.

The deployment is expected to provide SJCCU with a unified core banking environment covering member lifecycle management, accounts, lending, payments, card operations, teller services and financial reporting. The move reflects growing investment by regional credit unions and cooperative financial institutions in modern banking infrastructure aimed at improving operational efficiency and supporting digital transformation initiatives.

A major focus of the implementation will be credit operations, where Finuevo Core is expected to automate and streamline loan origination, credit assessment, approvals, collateral management and collections workflows. The platform will also support real-time portfolio monitoring and performance analytics, helping the credit union improve oversight across lending activities while reducing manual processing requirements.

The system’s modular and API-enabled architecture is designed to allow integration with external platforms and future digital services without requiring major infrastructure replacement. The technology is also expected to support faster product deployment through built-in product configuration capabilities, enabling SJCCU to launch and manage new financial products more efficiently. Profile Software said the implementation aligns with SJCCU’s strategic objectives to improve operational scalability, enhance member experience and strengthen governance and compliance processes

Deals of the week

• EDB extends $70m loan to Uzum to support Uzbek FinTech sector
• Revolut introduces Dogecoin card across UK and EU
• FIS moves Enterprise Risk Suite to AWS to power real-time risk management
• Checker bags $8m for cross-border payments push
• PPRO partners with Nubank to expand merchant access
• AEON raises $8m in pre-seed round led by YZi Labs
• Mangopay extends Vinted partnership for pan-Europe payments
• ITC Infotech, InsureMO team up to modernise insurance operations
• Pohon Dana taps Oradian for core banking platform
• Egypt-based Klivvr integrates AI-powered assistant into app

Be on the lookout for

IBS Intelligence is proud to bring you the 2026 edition of the Annual IBSi Digital Banking Awards - Recognising excellence in digital banking transformation across Digital-Only Banks, Neo and Challenger Banks, Digital-First NBFCs, Payments Banks, and digital banking units of traditional financial institutions, as well as the technology providers enabling these transformations.

The era of branch-centric banking has decisively given way to digital-first engagement. In today’s on-demand economy, customers expect seamless, always-on access to financial services, delivered through intuitive digital channels, powered by robust technology, and designed around user experience rather than physical presence. Digital-only and digital-first institutions have emerged as leaders in meeting these expectations, redefining how banking products are built, delivered, and consumed.

Neo and challenger banks, alongside progressive incumbents, continue to reshape the global banking landscape by leveraging modern platforms, data-driven decisioning, and customer-centric design. Their implementations are setting new benchmarks for agility, scalability, inclusion, and operational efficiency.

DBA 2026 seeks to recognise the most innovative, impactful, and scalable digital banking implementations globally, highlighting projects that demonstrate measurable outcomes, strong execution, and meaningful customer impact.