We’ve made it to the halfway mark of 2024, which leaves us six months to finish off our 2024 initiatives. While the news usually slows down in July, however, some of the drama between banks and regulators is heating up. Stay tuned to read this week’s news as we post updates and evolutions.
Wealth management
BlackRock to buy U.K. data group Preqin for $3.2 billion.
Robinhood acquires AI-driven investment-advice platform Pluto.
intelliflo redblack named WealthTech Provider of the Year by InvestmentNews.
Payments
Comfi secures $5 million debt facility to expedite BNPL plans.
Conotoxia adds the next currencies, HUF, RON and AED, to its multi-currency cards.
Wise customers may be impacted by Evolve Bank & Trust data breach.
Fraud and identity management
KarmaCheck raises $45 million.
Evolve Bank & Trust hit by ransomware attack, confirms customer data stolen.
Digital banking
Nubank acquires Hyperplane to accelerate AI-first strategy.
Flybits partners with Logicom Solutions.
Plaid has grown its enterprise customer base to over 1,000.
Revolut reaches record profit of $545 million, confident of U.K. bank license approval.
Former Backbase exec Mark Geneste joins Mambu as Chief Revenue Officer.
Bling raises $12 million to scale its family super-app.
DeFi and crypto
Coinbase sues SEC, FDIC over FOIA requests, says federal regulators trying to cut out crypto.
Paxos gains Singapore approval for stablecoin issuance, DBS to provide custody.
Banking-as-a-Service
Thread Bank receives FDIC consent order to increase BaaS oversight.
Small business finance
U.K. fintech Triver lands £2.5 million to provide working capital to SMEs.