Fall is officially here! A favorite season for many, autumn also marks a likely acceleration in fintech and financial services news and activity. Be sure to check Finovate’s Fintech Rundown all week long for the latest in headlines and news updates!
Open banking
PNC Financial Services and Plaid sign data sharing agreement.
Cryptocurrency
CheckSig offers Italy’s first crypto staking service that integrates tax management.
Payments
Money transfer innovator Wise launches online invoicing tool for small businesses.
Fraud prevention
Financial crime risk management solutions provider Hummingbird acquires no-code integration and automation specialist LogicLoop.
Nasdaq Verafin announces enhancements to its Targeted Typology Analytics suite to add detection capabilities for terrorist financing and drug trafficking activity.
Lending
Canadian fintech KOHO partners with lending-as-a-service company Propel Holdings.
Forward Financing announces expanded $450 million credit facility.
Payments
Worktech platform DailyPay adds new Savings feature to its DailyPay Visa Prepaid card.
Payments solution provider for the transportation industry, AtoB, secures $130 million in equity and debt financing.
Marqeta appoints Chief AI Officer.
DailyPay expands into the United Kingdom.
JPMorgan begins testing U.K. credit cards.
Credit unions
OneAZ Credit Union partners with Backbase for its Engagement Banking platform.
Wealth management and real estate
U.K.-based wealth manager Quilter acquires digital investment platform NuWealth.
Mesa raises $9.2 million for its homeowner membership platform.