Fresh from FinovateFall in New York, we’ve got a raft of fintech news to share and catch up on. Be sure to check Finovate’s Fintech Rundown all week long for the latest in industry news, announcements, and headlines.
Credit unions
Formerly PSCU/Co-op Solutions, Velera will provide card processing solutions for BrightStar Credit Union courtesy of a new partnership.
Open banking
International fintech Ebury teams up with Salt Edge to expand its open banking presence in the EU and U.K.
Payments
CloudPay announces integration with Workday to launch its Global Payroll Connect solution.
Revolut integrates with Spain-based digital payments platform, Bizum.
Boost Payment Solutions launches, Boost 100XB, its new cross-border payments solution for U.S.-issued commercial cards.
JPMorgan advances in its discussions with Apple to take over the Apple credit card from Goldman.
Brex launches Brex Embedded to help B2B software vendors accelerate customer workflows at a global scale with Brex virtual cards.
Regtech, Fraud, and Security
Germany’s largest state bank, Landesbank Baden-Württemberg (LBBW), partners with Ireland’s Fenergo to upgrade its client onboarding operations.
Oracle launches the Oracle Financial Crime and Compliance (FCCM) Management Monitor Cloud Service.
Banking-as-a-Service
Banking-as-a-Service (BaaS) provider Intergiro launches its no-code, white label app development platform.
BaaS platform NymCard partners with Mastercard to enhance global money transfers from the UAE to 47 countries.
The parent company of Five Star Bank announces plans to wind down process for its Banking-as-a-Service offerings.
E-commerce
DNA Payments unveils Apple Pay Express Checkout to give merchants additional payment acceptance options.
iPhone and iPad users can now choose their monthly payment at checkout with Monzo Flex on Apple Pay.
KYC/AML
PwC Norway deploys Strise’s AML Automation Cloud to enhance its AML processes.
Financial software company Finastra integrates with Prelim to enhance retail and commercial deposit account opening.
Insurtech
AI-based insurance pricing company Akur8 secures $120 million in Series C funding.
Digital transformation
Metro Bank collaborates with Infosys to accelerate digital transformation.
Crypto and DeFi
SC Ventures leads investment in One Trading.
Business financial management
Intuit launches Intuit Enterprise Suite to help businesses grow, streamline operations, and scale.
Photo by Jeremy Thomas on Unsplash