This week marks both the one-year anniversary of Silicon Valley Bank’s collapse and St. Patrick’s Day. Let’s see if this week’s news projects a luckier year for fintechs. Check back for real-time updates on how the fintech landscape evolves this week.
Payments
Ryft announces new digital payments partnership with American Express.
Visa and Western Union expand their partnership to enable cross-border fund transfer to more than 40 countries.
Texas-based Jefferson Bank expands its partnership with Finastra, deploys payments-as-a-service solution, Finastra Payments To Go.
Mastercard and South African fintech SAVA team up to bring innovative payment options to SMMEs.
Receipt data fintech Banyan welcomes Vish Shastry as CPO.
NatWest to get rid of its Buy Now, Pay Later payment tool.
India’s Unified Payment Interface (UPI) is now live in Nepal.
Nicolet Bank selects NCR Voyix to enhance and improve its customer experience for digital banking.
Web3-powered B2B payments platform Zeebu exceeds $1 billion.
Basware launches touchless invoice tool.
VoPay partners with Cross River Bank to fuel U.S. expansion.
Scale Bank partners with Corserv to launch comprehensive credit card program.
Elavon to provide its payment solutions platform to the BMO’s U.S. clients.
Savings tools
Cash deposit platform Flagstone receives £108 million investment from Estancia Capital Partners.
Banking-as-a-Service
BaaS player Griffin launches as fully operational bank, lands $24 million.
Green Dot adds neobanks and fintechs to its network to enable cash transactions for customers.
Lending
Fundica and Visa team up to help SMEs secure working capital.
Baker Hill nominated for Tech Company of the Year in TechPoint’s 25th Annual Mira Awards.
WorkWave parters with Wisetack and YouLend.
Regtech
Governance risk and compliance consultancy fscom acquires risk and compliance solutions provider FMConsult.
eCommerce
Skipify enters strategic partnership with consumer finance company Synchrony to enhance the online checkout experience.
Cash advance platform Wayflyer unveils new Wholesale Financing product.
Cybersecurity
Eye Security raises $39.3 million (€36 million) in Series B funding in a round led by J.P. Morgan Growth Equity Partners.
MDT partners with Allure Security to help credit unions defend against fraud.
Oliu digital identity verification platform achieves certification from the Digital ID and Authentication Council of Canada (DIACC).
Jack Henry’s Financial Crimes Defender named Best Fraud Prevention Platform in 2024 FinTech Breakthrough Awards Program.
Insurtech
CNB Bank and Trust partners with Insuritas to launch its embedded full service insurance agency.
Loyalty & rewards
American Express selects point.me to help cardholders search reward flight options using points.
SheerID announces SheerID for WooCommerce, allowing WooCommerce merchants to verify consumer eligibility for community-based offers and discounts.
Wealth Management
TradingHub appoints its first Chief Financial Officer Stephen Bergin.
Digital banking
N26 launches its Instant Savings accounts in 13 new markets in Europe.
Backbase and West Monroe team up to combine Backbase’s Engagement Banking Platform with West Monroe’s financial services advisory and digital experience capabilities.
Cryptocurrency
Blockchain data platform Chainalysis integrates with verification provider Sumsub to enhance regulatory compliance, and provide automated transaction monitoring for its clients.
Embedded finance
Treasury Prime announced that OMB Bank has joined its network.